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How do I make estimated tax payments?

If you're a Sole Proprietor or an S-Corp shareholder, this article includes step by step instructions to make quarterly payments, helpful hints on how much to pay and other FAQ regarding estimated taxes.

To make federal estimated tax payments:
  • Visit the official IRS website at www.irs.gov/payments.
  • Click on the “Make a Payment” option.
  • On the payment page, select “Estimated Tax” as the reason for payment.
  • Choose the appropriate form to apply the payment to by selecting “1040ES.”
  • Indicate the tax period for payment as the current year (e.g., “2026” for the upcoming tax year).
  • The following page will prompt you to verify your identity for accurate payment processing.
    • If you are signed in, you will be able to skip this identity verification process.
  • To confirm your information, you may select a previous tax year (e.g., “2025”) as a reference.


By following these general instructions, you can successfully make your federal estimated tax payments without the need for yearly updates. Remember, it’s always recommended to refer to the IRS website for the most up-to-date instructions and guidelines.

Where to find your estimated tax payments:
If you're a Club Capital client, your estimated tax payment vouchers for the current tax year can be found within your TaxDome portal in Docs under Tax Returns and Documents if your personal return has been completed for the previous tax year. 
 
If you don't have vouchers yet because your current personal return has not yet been completed, are a new client with Club Capital, a new agent in general, or simply do not know what your estimated tax payments are, we recommend you pay in at least 20% of your Year-To-Date profit.
Frequently Asked Questions:
Is there a penalty if I don't pay quarterly?
  • Yes. The IRS requires you to pay your taxes quarterly throughout the year. If you don't pay your taxes quarterly, the IRS will impose an underpayment of estimated tax penalty. The penalty is currently about 6% of the underpaid amount as an annualized rate and fluctuates based on interest rates.
Do I have to pay by the deadline?
  • Yes, but if you miss the deadline or underpay, you can minimize penalties by increasing the amount of the following quarter's estimated tax payment or by increasing tax withheld on income such as wages.
I'm newly self-employed Sole Proprietor and I haven't had to make estimated tax payments before.  Why do I have to now?
  • As a business owner that does not receive wages, no federal or state income tax is withheld from your income. Additionally, the net income from a sole proprietorship is subject to self-employment taxes (Social Security & Medicare taxes). These taxes would be withheld from your wages, but as a self-employed individual, you are are responsible for paying these taxes quarterly during the year.
But my business is an S-Corp, do I pay quarterlies the same way?
  • Yes. As an S-Corp shareholder, your business income passes through to your personal return where you owe income tax on your untaxed business income. You are still responsible for paying quarterly taxes as no federal or state income tax is withheld from your business income.

To make estimated state income tax payments:

  • Navigate to the Resources tab on the main Club Capital website and make a one time payment for estimated Individual Income Tax.

Tax Dates for 2026: April 15, June 15, September 15, Jan 15