Filing Individual Estimated Tax Payments

You must make estimated tax payments for the current tax year if both of the following apply:

▪ You owe at least $1,000 in tax for the current tax year after subtracting your withholding and refundable credits.

▪ You expect your withholding and refundable credits to be less than the smaller of:

  • 90% of the tax to be shown on your current year’s tax return, or
  • 100% of the tax shown on your prior year’s tax return. (Your prior-year tax return must cover all 12 months.)

▪ There are special rules for:

  • Farmers and Fishermen
  • Certain household employers
  • Certain higher-income taxpayers
  • Nonresident aliens