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Level 1
May 1, 2026
Question

How do I pay my estimated quarterly tax and how do I know how much to pay?

  • May 1, 2026
  • 1 reply
  • 113 views
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1 reply

Mike9241
Level 15
Level 15
May 2, 2026

If TurboTax calculated that you needed to pay estimated taxes, it would have generated Form 1040-ES - 4 of them, 1 for each period with the amount you needed to pay. You can pay by mail by sending in the form + a draft for the amount stated. Make sure the draft has your name, address, social security number, phone number, and 2026 tax year or set up an account at the iRS website to use IRS Direct Pay. 

the payments are due 4/15/26, 6/15/26, 9/15/26 1/15/27

This would make your first payment late.

there os no legal requirement to pay estimated taxes, but if withholding is insufficient to cover 90% of your 2026 taxes, you will be subject to underpayment of estimated tax penalties

https://www.irs.gov/payments 

 

Mike9241