Is there a threshold minimum to pay estimated taxes?

Tyhawker · ‎February 28, 2024

Anonymous_ · ‎February 28, 2024

Yes.

See https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes

Simply put, if you do not owe $1,000 or more when the return is filed, you can dispense with estimated tax payments.

xmasbaby0 · ‎February 28, 2024

https://ttlc.intuit.com/questions/1901110-do-i-need-to-make-estimated-tax-payments-to-the-irs

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

DawnC · ‎February 28, 2024

Yes. Individuals, including sole proprietors, partners, and S corporation shareholders, generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed. How do I make estimated payments?

Corporations generally have to make estimated tax payments if they expect to owe tax of $500 or more when their return is filed.

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Is there a threshold minimum to pay estimated taxes?