Estimate your quarterly tax payments

The IRS and most states require individuals with self-employment (1099) income to make quarterly estimated tax payments throughout the year, rather than paying one lump sum annually. Missing quarterly payments or paying too little can result in extra fees, even if you pay everything when filing your yearly taxes. Use this calculator to estimate how much you should pay each quarter based on what you expect to earn this year.

Not sure how much you'll make this year? The IRS allows you to use last year's income as a "safe harbor." Simply fill out the calculator based on your 2024 tax return, and your quarterly payments will be based on that amount. Even if you end up earning more this year, you won't face penalties for underpayment as long as you paid based on last year's income. If you earn less, you'll receive a refund when you file your annual tax return.

This calculator is provided for informational purposes. The figures shown are based on the information you provide and current tax rates. Actual tax liability may vary based on many factors. If you have questions about your taxes, please consult a tax professional.