How do I file quarterly individual estimated tax payments?

When to Make Estimated Tax Payments

You may need to make estimated tax payments if:

1. You expect to owe at least $1,000 in tax for the current tax year after subtracting your withholding and refundable credits.
2. You expect your withholding and refundable credits to be less than the smaller of:
   • 90% of the tax shown on your current year’s tax return, or
   • 100% of the tax shown on your prior year’s tax return (as long as your prior year’s return covered all 12 months).

Special Rules

Certain groups may have additional considerations for estimated taxes, including:

• Farmers and fishermen
• Certain household employers
• Higher-income taxpayers
• Nonresident aliens

Additional Resources

For more detailed information, visit the IRS FAQ page on estimated tax requirements.

If you have concerns, are facing a pending audit, or need guidance from a tax attorney in Dallas, I’m here to help. I offer consultations 7 days a week—call my office at (469) 626-7760.