Do I Need To Make ES Payments?
If you have income from sources such as self-employment, interest, dividends, alimony, rent, prizes, awards or the sale of assets, then you may have to pay estimated tax. As a general rule, you must pay estimated taxes for 2025 if both of the following apply:
b) 100% of the tax shown on your 2024 tax return if AGI is below $150,000 or 110% of the tax shown if your AGI is above $150,000.
There are special rules for farmers, fishermen, certain household employers and certain higher-income taxpayers.
If you’re a sole proprietor, partner or S corporation shareholder, you generally have to make estimated tax payments if you expect to owe $1,000 or more in tax when you file your return.
You can get more details about if you need to pay estimated taxes from Form 1040ES, “Estimated Tax for Individuals” found on the IRS website. This includes instructions, worksheets, schedules and payment vouchers. The easiest way to pay estimated taxes, however, is electronically through the Electronic Federal Tax Payment System. You can also pay estimated taxes by check or money order using the Estimated Tax Payment Voucher or by credit or debit card.
- You expect to owe at least $1,000 for 2025, after subtracting your withholding and refundable credits, and
- You expect your withholding and credits to be less than the smaller of
b) 100% of the tax shown on your 2024 tax return if AGI is below $150,000 or 110% of the tax shown if your AGI is above $150,000.
There are special rules for farmers, fishermen, certain household employers and certain higher-income taxpayers.
If you’re a sole proprietor, partner or S corporation shareholder, you generally have to make estimated tax payments if you expect to owe $1,000 or more in tax when you file your return.
You can get more details about if you need to pay estimated taxes from Form 1040ES, “Estimated Tax for Individuals” found on the IRS website. This includes instructions, worksheets, schedules and payment vouchers. The easiest way to pay estimated taxes, however, is electronically through the Electronic Federal Tax Payment System. You can also pay estimated taxes by check or money order using the Estimated Tax Payment Voucher or by credit or debit card.