💼 Estimated Quarterly Tax Calculator

Calculate your IRS quarterly tax payments for 2026

Your Quarterly Tax Payment

Net Self-Employment Income $0
Self-Employment Tax (15.3%) $0
Federal Income Tax $0
Total Tax Liability $0
Less: Withholding & Credits $0
Total Estimated Tax Due $0
📅 Payment Per Quarter $0

2026 Payment Schedule

Q1 (Jan-Mar) - Due April 15, 2026 $0
Q2 (Apr-May) - Due June 16, 2026 $0
Q3 (Jun-Aug) - Due September 15, 2026 $0
Q4 (Sep-Dec) - Due January 15, 2027 $0

💡 Personalized Tips

What Are Estimated Quarterly Taxes?

Estimated quarterly taxes are payments made to the IRS four times per year by self-employed individuals, freelancers, independent contractors, and anyone else who doesn't have taxes automatically withheld from their income. If you expect to owe $1,000 or more in taxes when you file your return, you're generally required to make quarterly estimated tax payments.

Who Needs to Pay Quarterly Taxes?

You generally need to make quarterly estimated tax payments if:

2026 Quarterly Tax Due Dates

Payment Period Income Earned Due Date
Q1 2026 January 1 - March 31 April 15, 2026
Q2 2026 April 1 - May 31 June 16, 2026
Q3 2026 June 1 - August 31 September 15, 2026
Q4 2026 September 1 - December 31 January 15, 2027*

*If you file your 2026 tax return by January 31, 2027 and pay all taxes owed, you don't need to make the Q4 payment.

What Taxes Are Included in Quarterly Payments?

Your quarterly estimated tax payment covers two types of federal taxes:

  1. Self-Employment Tax (15.3%)
    • Social Security tax: 12.4% on income up to $168,600 (2026 limit)
    • Medicare tax: 2.9% on all income
    • Additional Medicare tax: 0.9% on income over $200,000 (single) or $250,000 (married filing jointly)
  2. Federal Income Tax
    • Progressive tax brackets ranging from 10% to 37%
    • Based on your taxable income after deductions

💡 Tax-Deductible Portion

Good news: You can deduct 50% of your self-employment tax as an adjustment to income. This reduces your taxable income and is already factored into our calculator above.

How to Calculate Quarterly Taxes (Step by Step)

  1. Estimate your annual income - Add up all expected self-employment income, freelance income, rental income, etc.
  2. Subtract business expenses - Deduct legitimate business expenses (office supplies, software, travel, etc.)
  3. Calculate self-employment tax - Multiply your net profit by 92.35% (accounts for deductible portion), then by 15.3%
  4. Calculate income tax - Apply tax brackets to your income minus the standard/itemized deduction and half of SE tax
  5. Add them together - Total tax liability = SE tax + income tax
  6. Subtract withholding & credits - If you have W-2 income or tax credits, subtract those
  7. Divide by 4 - Your quarterly payment is the total divided by 4

2026 Federal Income Tax Brackets

Tax Rate Single Married Filing Jointly
10% $0 - $11,600 $0 - $23,200
12% $11,601 - $47,150 $23,201 - $94,300
22% $47,151 - $100,525 $94,301 - $201,050
24% $100,526 - $191,950 $201,051 - $383,900
32% $191,951 - $243,725 $383,901 - $487,450
35% $243,726 - $609,350 $487,451 - $731,200
37% Over $609,350 Over $731,200

Safe Harbor Rule: Avoid Underpayment Penalties

The IRS won't penalize you for underpaying if you meet one of these "safe harbor" requirements:

Most people use the 100% of last year's tax method because it's predictable even if your income increases.

How to Pay Quarterly Taxes

You have several options for making quarterly tax payments:

Common Mistakes to Avoid

What If You Miss a Payment?

If you miss a quarterly payment deadline:

Tax Deductions for Self-Employed Individuals

Don't forget these common deductions that reduce your taxable income:

State Quarterly Taxes

Most states with income tax also require quarterly estimated payments. Check your state's department of revenue website for:

FAQ: Estimated Quarterly Taxes

Q: What happens if I overpay my quarterly taxes?

A: You'll receive a refund when you file your annual tax return, or you can apply the overpayment to next year's estimated taxes.

Q: Can I pay more in one quarter and less in another?

A: Yes, but the IRS calculates penalties based on when income was received. If you earn evenly throughout the year, it's safest to pay equal quarterly amounts.

Q: Do I need to pay quarterly taxes if I have a full-time W-2 job?

A: Maybe. If your side income is substantial and your W-2 withholding doesn't cover the additional tax liability, you should make quarterly payments. Alternatively, you can increase your W-2 withholding on Form W-4.

Q: What if my income is irregular throughout the year?

A: You can use the "annualized income installment method" (IRS Form 2210 Schedule AI) to make unequal payments based on when you actually earned the income. This prevents penalties if most of your income comes later in the year.

Q: Can I deduct quarterly tax payments on my tax return?

A: No, but they count toward your total tax liability. When you file your return, your quarterly payments are subtracted from the total tax you owe.

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