Do I need to make estimated tax payments?

STEP 1: Should you care about estimated tax payments?

  • Did you owe more than $1,000 to the IRS this year?
  • Did you have a big tax bill recently that you want to avoid for next year?
  • Are you having a big year for freelance in 2019?

If you said yes to any of these questions, you should consider paying estimated tax quarterly. You'll save money and decrease your stress around tax time!

STEP 2: Figure out how much you should pay.

STEP 3: Make your payments.

Drop a check in the mail with your payment voucher or pay online (Federal link, New York link, California link)

STEP 4: Deep calming breaths. You did it!

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