Key takeaways
Freelancers, independent contractors, and other self-employed workers generally need to make estimated tax payments if they expect to owe at least $1,000 after subtracting federal withholding and refundable tax credits.
Estimated tax payments are due April 15, June 15, September 15, and January 15 of the following year.
Use Form 1040-ES to estimate what you owe based on your expected income, business deductions, tax credits, and other taxes for the year. You can also use Keeper's free quarterly tax calculator.
You can pay federal estimated taxes through your IRS Online Account, IRS Direct Pay, or by mailing a Form 1040-ES payment voucher with a check or money order. State estimated taxes are paid separately and may follow different rules. Look up your state's requirements in Keeper's state-by-state quarterly tax guide.
If you or your spouse receives a W-2 paycheck, increasing federal withholding may let you cover taxes on freelance income without making separate quarterly payments.
If your income changes throughout the year, recalculate your payments. People with seasonal or uneven income may benefit from the annualized income installment method.
Most taxpayers can avoid an underpayment penalty by paying at least 90% of their 2026 tax or 100% of their 2025 tax, whichever is less. If their income exceeds $150,000 ($75,000 if married filing separately), the prior-year target increases to 110%.
If you miss an estimated tax deadline, pay as soon as you can. A later payment can reduce additional penalties, but it does not erase the penalty that may have already accrued.
If you're a freelancer, sole proprietor, independent contractor, or self-employed person, your taxes will look very different from an employee's. For one thing, you'll likely have to pay quarterly estimated taxes - and yes, your quarterly taxes vary by state!
If you're wondering how to file quarterly taxes, you've come to the right place. Paying them doesn't actually have to be stressful, and you can even get it done in about 15 minutes.
In fact, you can think of quarterly taxes as a plus: a way to pay your tax bill gradually over the year, instead of in one (painful) lump sum.
Why are quarterly estimated taxes required?
Our tax system is a “pay as you earn” system: taxes have to be paid as you receive income during the year. The government wants steady income, after all. That's why taxes are paid through withholding (for W-2 employees) and quarterly payments (for taxpayers with freelance income).
If you work for yourself, income taxes won't be withheld from your paychecks automatically. That's why the IRS uses quarterly tax payments instead to get what they're due.
You can think of estimated tax payments as a form of DIY withholding. When you first find out how much you're expected to owe in taxes (say, by using our 1099 tax calculator), you might feel taken aback. But if you make your payments every quarter, you won't feel overwhelmed in April.
There's one more major benefit to paying quarterly: you won't get hit with an underpayment penalty.
Who should pay quarterly taxes?
Most freelancers, independent contractors, and small businesses are required to pay quarterly estimated taxes. That's especially true if your self-employment income is your sole source of income.
However, there are some exemptions.

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Try it freeWho's exempt from paying quarterly taxes?
Even if you're self-employed, you won't have to pay quarterly if:
You expect to owe less than $1,000 when you file your taxes, or
You had no tax liability for the prior year
What does it mean to have no tax liability? Either your "total tax" was $0 on Form 1040, or you didn't have to file an income tax return at all. (This rarely happens, unless your income is very low.)
There are two more conditions you have to meet: You need to have been a US citizen, and your prior tax year needs to have been a taxable year of 12 months.
What if freelancing is just a side hustle and you have W-2 income?
If you have a traditional job and freelancing is a side hustle, you might be able to exempt yourself from paying quarterlies by asking your employer to withhold a little extra from your earnings. This is also true if your spouse has a W-2 job and you file jointly.
Revising your withholding ensures that the amount you end up owing is less than $1,000. That way, you won't be penalized for underpayment.
To ask for extra withholding, you'll need to fill out a new W-4 form. In the row labeled “Other Income,” enter your expected net earnings from freelance or contractor work. You can also use the IRS’s Tax Withholding Estimator tool to help you fill out the form.
How much should I pay in quarterly taxes?
This is where Keeper has your back with our free quarterly tax calculator. Just enter in your state, your expected monthly income from self-employment, and your spouse’s details.
From there, our tool will tell you when the next payment is due, and how much you’ll owe to both the IRS and to your state.
To see a breakdown of how quarterly taxes work in your state, see our state-by-state quarterly tax guide.

Estimating your income
Estimating your self-employment income can be hard. After all, if you're a freelancer, your taxable income can vary from year to year. But that's no cause for concern. You're not expected to get it exactly right. That's why they're called estimated tax payments!
The IRS even gives quarterly filers a 10% buffer in case they're slightly off. Just remember, it's safer to slightly overestimate than to underestimate. If you overpay on your quarterly tax payments, you'll get that extra money back as a tax refund.
If you have income that fluctuates wildly from month to month, you can even account for that using what's called the annualized income installment method. This method allows people with variable income to make quarterly tax payments that vary in size, depending on how much they're earning at different times of the year. To learn about how it works, read our article on the annualized income installment method.
When should I pay quarterly taxes?
Quarterly taxes are typically due:
April 15
June 15
September 15
January 15 of the next year
Note that three of the year's payments happen in the same calendar year, while the final payment is due in January of the following year.
How much is the penalty for not paying quarterly taxes?
It’s important to pay by the deadlines. Otherwise, you might be on the hook for penalties.
Quarterly tax penalties include both a cumulative monthly percentage and a monthly interest rate. The interest rate is about 6–7% annually, set by the IRS each quarter and is applied to whatever you underpaid, for as long as it's unpaid.

There's one important detail to note: Every month you delay paying adds to the penalty. That means you should pay as soon as possible.
If you missed the estimated tax payment deadline in April, for example, you should double your payment in June to avoid six months of penalties.
Think you'll owe penalties? Estimate how much they'll be with Keeper's estimated tax penalty calculator.
How to pay quarterly taxes
If you've determined that you're on the hook for quarterly taxes this year, you have a couple of ways to pay your federal quarterly taxes.
1. Paying electronically
One option for handling your quarterly taxes: e-file using IRS Direct Pay. This web portal lets you make a tax payment directly from your checking account. There's no need to submit any paperwork or tax forms alongside your payment, and you don't have to register to use it. As a result, this option is fast. You can generally get it done in about 15 minutes.
You've got another option for electronic payment: the Electronic Federal Tax Payment System (EFTPS), which does require a fairly lengthy registration process. The IRS will send you some account information via snail mail, so it can take around a week.
If you’re lucky enough to live in a state with no income tax, congratulations! You’re done. Otherwise, though, you’ll have to pay your state as well. State payment portals are all different, but they tend to look very similar to EFTPS. In most cases, you’ll create an account online, confirm your identity, and make the payment.
If you file your taxes with Keeper, we'll help you figure out your quarterly payments.

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Get started free2. Paying with a check
You can also pay your quarterly taxes with a check or money order. You'll need to fill out a payment voucher and mail it, alongside your check to the US Treasury Department.
The address you'll send it to varies depending on where you live.
You can find the voucher and mailing instructions on Form 1040-ES. Keep in mind, Form 1040-ES is a worksheet for calculating your quarterly estimated taxes. (CPAs and tax preparers, for example, sometimes use it to determine how much their clients owe.) That’s the only use for the form – you don’t have to file it with your quarterly tax payments.
If you’re a bit old-fashioned and prefer to make your state payments by check, you’ll always have that option, as well.
How do I keep track of my quarterly tax payments?
After you’ve made your payment, make sure to keep records indicating the date and amount that you paid. You’ll need this information to file your taxes.
If you forgot to record how much you’ve already paid, don't worry! You can verify this information by requesting a transcript from the IRS.
Once you've jotted down your payment information, you can officially stop stressing out about your quarterly taxes. Think of it this way: You may have just saved yourself thousands in penalties, and that's something worth celebrating.
FAQ
If you’re self-employed and expect to owe more than $1,000 in taxes, you’ll be required to pay quarterly taxes in four installments throughout the year.
There are a few other qualifiers to who owes quarterly taxes:
You need to be a US citizen
You need to have filed an income tax return the previous year
Your total tax owed for the previous year needs to have been more than $0
Your prior tax year needs to have covered a 12-month period
If any of the above don’t apply to you, you might not owe quarterly taxes. Learn more about the IRS’s estimated tax rules.
While W-2 workers have income taxes deducted from each paycheck, this isn’t the case with freelancers or independent contractors. So quarterly taxes are the self-employment version of paying taxes throughout the year.
There are a number of different methods for paying your quarterly taxes, from having a CPA take care of it to sending a check through snail mail. Here are the two main methods:
IRS Direct Pay: The IRS’s web portal allows you to pay your quarterly taxes electronically through your checking account
Check or money order: To pay your quarterly taxes by check or money order, you need to fill out a payment voucher and mail it with your check to the US Treasury Department. You can find the address on Form 1040-ES
Check out Keeper’s quarterly tax calculator to estimate the amount of quarterly tax you’ll owe. And make sure you make payments to your state as well! Check out Keeper's state-by-state quarterly tax guide.
To calculate your quarterly taxes, add what you owe for income tax, self-employment taxes, and any other taxes you owe, and then divide the result by four.
To make things simpler, try using a quarterly tax calculator that’ll give you a ballpark estimate of what you should pay at each quarterly deadline.
Remember that quarterly taxes are estimates. The IRS isn’t expecting you to nail your payments down to the exact cent. It does, however, expect you to pay a close approximation. This is why it provides a 10% buffer, so if you slightly underpay or overpay, you won’t be penalized.
That said, it’s always better to overpay if you’re not sure. If you overpay, you’ll receive the extra amount back as a tax refund. If you underpay by more than 10%, you’ll be on the hook for penalties.
Quarterly tax deadlines fall on:
April 15
June 15
September 15
January 15
The January deadline falls on the following year of the other three due dates. For example, you’ll pay the first three of your 2026 quarterly taxes in April, June, and September 2026, and the fourth installment in January 2027.

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Kristin Meador is a Certified Public Accountant with over 5 years experience working with small business owners and freelancers in the areas of tax, audit, financial statement preparation, and profit planning. While she’s not hiking in the Smoky Mountains or checking out new breweries (@travelingcpachick), she’s working on growing her own financial services firm. Kristin is an advocate and affiliate partner for Keeper Tax.
View full bio7 sources
- About Form W-4, Employee's Withholding Certificate · irs.gov
- Tax Withholding Estimator · irs.gov
- IRS Direct Pay. · directpay.irs.gov
- Welcome to EFTPS online · eftps.gov
- About Form 1040-ES, Estimated Tax for Individuals · irs.gov
- Estimated taxes · irs.gov
- F1040ES (PDF) · irs.gov
This article is for informational purposes only and isn’t tax, legal, or financial advice. Tax rules change and depend on your situation, so talk to a tax professional about yours.






