It’s important that you pay your Quarterly Estimated Tax (QTE) each and every quarter. If you skip paying QTEs, you may be subject to an underpayment penalty and interest from the IRS.
There are two ways you can make your quarterly estimated tax payment to the IRS:
You can make your payment by logging in with your ID.me account.
The IRS uses ID.me, a technology provider, to provide identity verification and sign-in services. If you have an ID.me account, you can sign in without needing to verify your identity again. If you’re a new user, you’ll have to create a new ID.me account.
To make a payment with the IRS Direct Pay:
- Visit IRS Direct Pay
- Click Make a Payment
- From the drop-down menu on Reason for Payment select Estimated Tax
- This selection will auto-populate the next two fields:
- Apply Payment To defaults 1040ES (for 1040, 1040A, 1040EZ)
- Tax Period for Payment defaults 2023
- Click Continue
- A window will appear to verify your information, Click Continue
- To verify your identity, begin by selecting a previous tax year from the dropdown Tax Year for Verification. Please Note: This is not the payment year but the year you recently filed a tax return, for example, 2022.
- Complete each required field to verify your identity
- Click the box for “I accept the Privacy Act and Paperwork Reduction Act.” then Click Continue
- Enter the payment amount and payment date
- Enter your bank account information and select the account type
- Click the box for “I would like to receive email confirmation notifications and agree to the Email Terms of Service.”
- Enter your email address and, Click Continue
- A pop-up for Disclosure Authorization will appear, Click I Agree
- Review your information, under Electronic Signature, enter your information
- Click the box for “I accept the Debit Authorization Agreement.” then Click Submit
- A Confirmation page appears where you may Print for your records. You should have also received an email confirmation
To make a payment by check or money order:
In order to pay by check or money order, you must attach the Estimated Tax Payment Voucher. Please follow the instructions on Pages 4 and 5 of the IRS Guide Form 1040-ES.
- Quarterly estimated tax is paid toward your individual income tax, form 1040, and is therefore a personal expense. We recommend paying these from a personal bank account, not your business account.
- In the check memo be sure to note the quarter for the payment, for example, Quarter 4 or Q4.
- Mail your estimated tax payment voucher and check or money order to the address in IRS Form 1040-ES, depending on where you live.
Note: If you have missed the Quarter 4 deadline for the tax estimate payment, the IRS does not provide an option to pay online once the new calendar year begins.
- Once you’ve made your payment it is important that you upload your confirmation of payment to Heard.
- If you require a copy of a previous quarter's confirmation of payment, you may access it again by reviewing our article How do I find my quarterly tax payment receipt?
- To pay your state quarterly tax estimate see: How to pay income tax in every state as a therapist