Estimated Taxes 101: When and How to Pay Them

Written By Adam Ramroop

If you’re self-employed or a small business owner, you may need to pay quarterly estimated taxes. Here’s what you should know:

Who needs to pay?
Anyone who expects to owe $1,000 or more in taxes for the year (after withholding and credits).

When are payments due?

  • April 15

  • June 15

  • September 15

  • January 15 (following year)

How to pay:

  • Online at IRS.gov/pay

  • Through EFTPS (Electronic Federal Tax Payment System)

  • By check or money order (not recommended)

Why it matters:
Missing payments can result in penalties and interest. Paying quarterly also prevents one big tax bill at year-end.

Pro tip: Set aside a percentage of each payment you receive for taxes so you’re never caught off guard.

Adam Ramroop
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