What are federal estimated taxes?

These are quarterly tax payments made to the IRS for income you received that wasn’t subject to federal tax withholding.

If you receive significant non-wage income, such as from self-employment, interest and dividends, or rental income, you'll likely need to pay quarterly estimated taxes or run the risk of underpayment penalties in addition to a large year-end tax bill.

If you’re at risk for an underpayment penalty next year, we'll automatically calculate your estimated tax payments and prepare 1040-ES vouchers that include the payment due date.