Form 1040-Es - Estimated Tax For Individuals

underpaying your tax. See When a Penalty Is Applied,

estimated tax payment for a previous period is less than

later.

one-fourth of your amended estimated tax, you may owe a

penalty when you file your return.

You can make more than four estimated tax

When a Penalty Is Applied

payments. To do so, make a copy of one of your

TIP

unused estimated tax payment vouchers, fill it in,

In some cases, you may owe a penalty when you file your

and mail it with your payment. If you make more than four

return. The penalty is imposed on each underpayment for

payments, to avoid a penalty, make sure the total of the

the number of days it remains unpaid. A penalty may be

amounts you pay during a payment period is at least as

applied if you did not pay enough estimated tax for the

much as the amount required to be paid by the due date

year or you did not make the payments on time or in the

for that period. For other payment methods, see How To

required amount. A penalty may apply even if you have an

Pay Estimated Tax, later.

overpayment on your tax return.

No income subject to estimated tax during first pay-

The penalty may be waived under certain conditions.

ment period. If, after March 31, 2017, you have a large

See chapter 4 of Pub. 505 for details.

change in income, deductions, additional taxes, or credits

How To Pay Estimated Tax

that requires you to start making estimated tax payments,

you should figure the amount of your estimated tax

Pay Online

payments by using the annualized income installment

method, explained in chapter 2 of Pub. 505. If you use the

IRS offers an electronic payment option that is right for

annualized income installment method, file Form 2210,

you. Paying online is convenient and secure and helps

Underpayment of Estimated Tax by Individuals, Estates,

make sure we get your payments on time. To pay your

and Trusts, including Schedule AI, with your 2017 tax

taxes online or for more information, go to

IRS.gov/

return even if no penalty is owed.

payments. You can pay using any of the following

methods.

Farmers and fishermen. If at least two-thirds of your

IRS Direct Pay for online transfers directly from your

gross income for 2016 or 2017 is from farming or fishing,

checking or savings account at no cost to you, go to

you can do one of the following.

IRS.gov/payments.

Pay all of your estimated tax by January 16, 2018.

Pay by Card. To pay by debit or credit card, go to

File your 2017 Form 1040 by March 1, 2018, and pay

IRS.gov/payments. A convenience fee is charged by

the total tax due. In this case, 2017 estimated tax

these service providers.

payments are not required to avoid a penalty.

Electronic Fund Withdrawal (EFW) is an integrated

Fiscal year taxpayers. You are on a fiscal year if your

e-file/e-pay option offered when filing your federal taxes

12-month tax period ends on any day except December

electronically using tax preparation software, through a

31. Due dates for fiscal year taxpayers are the 15th day of

tax professional, or the IRS at IRS.gov/payments.

the 4th, 6th, and 9th months of your current fiscal year and

Online Payment Agreement. If you cannot pay in full

the 1st month of the following fiscal year. If any payment

by the due date of your tax return, you can apply for an

date falls on a Saturday, Sunday, or legal holiday, use the

online monthly installment agreement at

IRS.gov/

next business day.

payments. Once you complete the online process, you will

receive immediate notification of whether your agreement

Name Change

has been approved. A user fee is charged.

If you changed your name because of marriage, divorce,

IRS2Go is the mobile application of the IRS; you can

etc., and you made estimated tax payments using your

access Direct Pay or Pay By Card by downloading the

former name, attach a statement to the front of your 2017

application.

paper tax return. On the statement, show all of the

Pay by Phone

estimated tax payments you (and your spouse, if filing

jointly) made for 2017 and the name(s) and SSN(s) under

Paying by phone is another safe and secure method of

which you made the payments.

paying electronically. Use one of the following methods

(1) call one of the debit or credit card service providers or

Be sure to report the change to your local Social

(2) the Electronic Federal Tax Payment System (EFTPS).

Security Administration office before filing your 2017 tax

return. This prevents delays in processing your return and

Debit or credit card. Call one of our service providers.

issuing refunds. It also safeguards your future social

Each charges a fee that varies by provider, card type, and

security benefits. For more details, call the Social Security

payment amount.

Administration at 1-800-772-1213 (TTY/TDD

1-800-325-0778).

WorldPay US, Inc.

1-844-729-8298 (1-844-PAY-TAX-8

)

How To Amend Estimated Tax

Payments

Official Payments

To change or amend your estimated tax payments,

1-888-UPAY-TAX

(1-888-872-9829)

refigure your total estimated tax payments due (see the

2017 Estimated Tax Worksheet). Then, to figure the

payment due for each remaining payment period, see

Amended estimated tax in chapter 2 of Pub. 505. If an

-3-

Form 1040-ES (2017)

Form 1040-Es - Estimated Tax For Individuals - 2017 Page 3

Related Articles

Related forms

Related Categories