Page 161 - Individual Forms & Instructions Guide

Page 3 of 6
The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.
return. This prevents delays in processing your return and
April 18, 2023
1st payment . . Fileid: … ms/f1040es/2023/a/xml/cycle03/source 11:55 - 30-Nov-2022
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
2nd payment . . . . . . . . . . . . . . . . June 15, 2023 issuing refunds. It also safeguards your future social
3rd payment . . . . . . . . . . . . . . . . . Sept. 15, 2023 security benefits. For more details, call the Social Security
4th payment . . . . . . . . . . . . . . . . . Jan. 16, 2024* Administration at 800-772-1213 (TTY/TDD
800-325-0778).
* You don’t have to make the payment due January 16,
2024, if you file your 2023 tax return by January 31, 2024, How To Amend Estimated Tax
and pay the entire balance due with your return.
Payments
To change or amend your estimated tax payments,
If you mail your payment and it is postmarked by the refigure your total estimated tax payments due (see the
due date, the date of the U.S. postmark is considered the 2023 Estimated Tax Worksheet). Then, to figure the
date of payment. If your payments are late or you didn’t payment due for each remaining payment period, see
pay enough, you may be charged a penalty for Amended estimated tax in chapter 2 of Pub. 505. If an
underpaying your tax. See When a Penalty Is Applied, estimated tax payment for a previous period is less than
later. one-fourth of your amended estimated tax, you may owe a
penalty when you file your return.
You can make more than four estimated tax
TIP payments. To do so, make a copy of one of your When a Penalty Is Applied
unused estimated tax payment vouchers, fill it in, In some cases, you may owe a penalty when you file your
and mail it with your payment. If you make more than four return. The penalty is imposed on each underpayment for
payments, to avoid a penalty, make sure the total of the the number of days it remains unpaid. A penalty may be
amounts you pay during a payment period is at least as applied if you didn’t pay enough estimated tax for the year
much as the amount required to be paid by the due date or you didn’t make the payments on time or in the required
for that period. For other payment methods, see How To amount. A penalty may apply even if you have an
Pay Estimated Tax, later. overpayment on your tax return.
No income subject to estimated tax during first pay- The penalty may be waived under certain conditions.
ment period. If, after March 31, 2023, you have a large See the Instructions for Form 2210 for details.
change in income, deductions, additional taxes, or credits How To Pay Estimated Tax
that requires you to start making estimated tax payments,
you should figure the amount of your estimated tax Pay Online
payments by using the annualized income installment
method, explained in chapter 2 of Pub. 505. If you use the Paying online is convenient and secure and helps make
annualized income installment method, file Form 2210, sure we get your payments on time. To pay your taxes
including Schedule AI, with your 2023 tax return even if no online or for more information, go to IRS.gov/Payments.
penalty is owed. Once you are issued a social security number (SSN),
Farmers and fishermen. If at least two-thirds of your use it when paying your estimated taxes online. Use your
gross income for 2022 or 2023 is from farming or fishing, SSN even if your SSN does not authorize employment or
you can do one of the following. if you have been issued an SSN that authorizes
• Pay all of your estimated tax by January 16, 2024. employment and you lose your employment authorization.
• File your 2023 Form 1040 or 1040-SR by March 1, An ITIN will not be issued to you once you have been
2024, and pay the total tax due. In this case, 2023 issued an SSN. If you received your SSN after previously
estimated tax payments aren’t required to avoid a penalty. using an ITIN, stop using your ITIN. Use your SSN
instead.
Fiscal year taxpayers. You are on a fiscal year if your
12-month tax period ends on any day except December You can pay using any of the following methods.
31. Due dates for fiscal year taxpayers are the 15th day of • Your Online Account. You can now make tax
the 4th, 6th, and 9th months of your current fiscal year and payments through your online account, including balance
the 1st month of the following fiscal year. If any payment payments, estimated tax payments, or other types. You
date falls on a Saturday, Sunday, or legal holiday, use the can also see your payment history and other tax records
next business day. See Pub. 509, Tax Calendars, for a list there. Go to IRS.gov/Account.
• IRS Direct Pay. For online transfers directly from your
of all legal holidays. checking or savings account at no cost to you, go to
Name Change IRS.gov/Payments.

If you changed your name because of marriage, divorce, • Pay by Card. To pay by debit or credit card, go to
etc., and you made estimated tax payments using your IRS.gov/Payments. A convenience fee is charged by
former name, attach a statement to the front of your 2023 these service providers.
paper tax return. On the statement, show all of the • Electronic Fund Withdrawal (EFW) is an integrated
estimated tax payments you (and your spouse, if filing e-file/e-pay option offered when filing your federal taxes
jointly) made for 2023 and the name(s) and SSN(s) under electronically using tax preparation software, through a
which you made the payments. tax professional, or the IRS at IRS.gov/Payments.
• Online Payment Agreement. If you can’t pay in full by
Be sure to report the change to your local Social the due date of your tax return, you can apply for an online
Security Administration office before filing your 2023 tax monthly installment agreement at IRS.gov/Payments.

Form 1040-ES (2023) -3-