What taxpayers need to know about making 2022 estimated tax payments Internal Revenue Service

Do not include Social Security numbers or any personal or confidential information. We do not control the destination site and cannot accept any responsibility for its contents, links, or offers. Review the site’s security and confidentiality statements before using the site. So Stephanie’s self-employment tax total is $90,000 x 92.35% x 15.3%, which works out to $12,716.59. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service. You won’t owe an estimated tax penalty if the tax…

Can you pay taxes with a credit card?

If it’s easier to pay your estimated taxes weekly, bi-weekly, monthly, etc. you can, as long as you’ve paid enough in by the end of the quarter. Using EFTPS, you can access a history of your payments, so you know how much and when you made your estimated tax payments. First, determine your expected adjusted gross income (AGI), taxable income, taxes, deductions, and credits for the year. Then follow the instructions on the Form 1040-ES  worksheet to assist you in this process. The updated federal tax withholding tables, released in early 2018, largely reflected…