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Form NC-40 for personal filers. North Carolina follows the IRS standards for estimated payments. If you will owe $1000 or more in tax for the current year, you are required to make 90% of the tax due, over quarterly payments. It has to be at least 100% of the previous year, even if you think you won’t make as much in the current year.
You NEED to, if your North Carolina tax was $1,000 or more.
You might WANT to, so that you do not have a huge state tax bill next year.
Link for North Carolina Estimated tax payments.
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