An estimated tax payment could help avoid a penalty

An estimated tax payment could help avoid a penalty:

May 2nd 2019
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Under certain conditions, you may need to make estimated tax payments.

Taxes must be paid as you earn or receive income during the year through withholding, estimated tax payments or a combination of both. A Paycheck Checkup using the IRS Withholding Estimator can help you see if you should make an additional payment to avoid an unexpected tax bill or underpayment penalty when you file your tax return next year.

You may need to make estimated payments if you:

  • have multiple jobs — especially if you don’t have each employer withhold taxes
  • are self-employed or an independent contractor
  • are a representative of a direct-sales or in-home-sales company
  • participate in sharing economy activities where you are not working as an employee
  • receive pension income
About The Author:

The mission of the IRS is to provide America's taxpayers top quality service by helping them understand and meet their tax responsibilities and enforce the law with integrity and fairness to all.

This mission statement describes our role and the public’s expectation about how we should perform that role.

  • In the United States, the Congress passes tax laws and requires taxpayers to comply.
  • The taxpayer’s role is to understand and meet his or her tax obligations.
  • The IRS role is to help the large majority of compliant taxpayers with the tax law, while ensuring that the minority who are unwilling to comply pay their fair share.

Address, Main Office

Internal Revenue Service 1111 Constitution Ave., NW Washington, DC 20224

Contributing since February 17th 2022.

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