Information For...

For you and your family
Individuals abroad and more
EINs and other information

Filing For Individuals

Information For...

For you and your family
Standard mileage and other information

Forms and Instructions

Individual Tax Return
Request for Taxpayer Identification Number (TIN) and Certification
Single and Joint Filers With No Dependents
Employee's Withholding Allowance Certificate

 

Request for Transcript of Tax Returns
Employer's Quarterly Federal Tax Return
Installment Agreement Request
Wage and Tax Statement

Popular For Tax Pros

Amend/Fix Return
Apply for Power of Attorney
Apply for an ITIN
Rules Governing Practice before IRS

Estimated Tax Payments (ASL) - YouTube video text script

Hi, I’m Thomas, and I work for the IRS. 

Our U.S. income tax operates on a pay-as-you-go basis.
    
That means we pay our tax as we earn or receive income during the year, either by having taxes withheld or by making estimated tax payments each quarter.
    
If you have income that’s not subject to withholding, you probably need to make these quarterly payments.
    
This includes self-employment income, interest, dividends, capital gains or rental income.
    
Here’s the bottom line.
    
If you expect to owe at least a thousand dollars, you may need to make estimated tax payments.   
    
And, if you pay too little tax during the year, you may have to pay a penalty.
    
Normally, you pay estimated tax in four equal quarterly payments.
   
But there are some exceptions. 
    
So, if you have income from anywhere that doesn't withhold tax for you, it's a good idea to see if estimated taxes apply to your situation.
     
For more information, go to IRS.gov/form1040es and take a look at our estimated tax form.