2024 Department of the Treasury

Internal Revenue Service

Form 1040-ES
Estimated Tax for Individuals

Purpose of This Package and you had no tax liability for the full 12-month 2023 tax
year. You had no tax liability for 2023 if your total tax was
Use Form 1040-ES to figure and pay your estimated tax zero or you didn’t have to file an income tax return.
for 2024.
Special Rules
Estimated tax is the method used to pay tax on income
that isn’t subject to withholding (for example, earnings There are special rules for farmers, fishermen, certain
from self-employment, interest, dividends, rents, alimony, household employers, and certain higher income
etc.). In addition, if you don’t elect voluntary withholding, taxpayers.
you should make estimated tax payments on other taxable Farmers and fishermen. If at least two-thirds of your
income, such as unemployment compensation and the gross income for 2023 or 2024 is from farming or fishing,
taxable part of your social security benefits. substitute 662/3% for 90% in (2a) under General Rule.
Preprinted vouchers. If you made estimated tax Household employers. When estimating the tax on your
payments for 2023, this package may contain vouchers 2024 tax return, include your household employment
that are preprinted with your name, address, and SSN. taxes if either of the following applies.
If your name or SSN isn't correct, make the • You will have federal income tax withheld from wages,
TIP necessary changes on the vouchers. Cross out pensions, annuities, gambling winnings, or other income.
the name and SSN of a deceased or divorced • You would be required to make estimated tax payments
spouse. to avoid a penalty even if you didn’t include household
employment taxes when figuring your estimated tax.
Change of address. If your address has changed, file Higher income taxpayers. If your adjusted gross
Form 8822, to update your record. income (AGI) for 2023 was more than $150,000 ($75,000
Future developments. For the latest information about if your filing status for 2024 is married filing separately),
developments related to Form 1040-ES and its substitute 110% for 100% in (2b) under General Rule,
instructions, such as legislation enacted after they were earlier. This rule doesn’t apply to farmers or fishermen.
published, go to IRS.gov/Form1040ES.
Increase Your Withholding
Who Must Make Estimated Tax If you also receive salaries and wages, you may be able to
Payments avoid having to make estimated tax payments on your
other income by asking your employer to take more tax out
The estimated tax rules apply to: of your earnings. To do this, file a new Form W-4,
• U.S. citizens and resident aliens; Employee's Withholding Certificate, with your employer.
• Residents of Puerto Rico, the U.S. Virgin Islands,
Guam, the Commonwealth of the Northern Mariana Generally, if you receive a pension or annuity you can
Islands, and American Samoa; and use Form W-4P, Withholding Certificate for Periodic
• Nonresident aliens (use Form 1040-ES (NR)). Pension or Annuity Payments, to start or change your
withholding from these payments.
General Rule
In most cases, you must pay estimated tax for 2024 if both You can also choose to have federal income tax
of the following apply. withheld from certain government payments (see Form
1. You expect to owe at least $1,000 in tax for 2024, W-4V, Voluntary Withholding Request) or from
after subtracting your withholding and refundable credits. nonperiodic payments and eligible rollover distributions
(see Form W-4R, Withholding Certificate for Nonperiodic
2. You expect your withholding and refundable credits Payments and Eligible Rollover Distributions).
to be less than the smaller of:
You can use the Tax Withholding Estimator at
a. 90% of the tax to be shown on your 2024 tax return,
or TIP IRS.gov/W4App to determine whether you need to
have your withholding increased or decreased.
b. 100% of the tax shown on your 2023 tax return. Your
2023 tax return must cover all 12 months. Additional Information You May Need
Note. These percentages may be different if you are a You can find most of the information you will need in Pub.
farmer, fisherman, or higher income taxpayer. See Special 505, Tax Withholding and Estimated Tax, and in the
Rules, later. instructions for the 2023 Form 1040 and 1040-SR.
Exception. You don’t have to pay estimated tax for 2024 For details on how to get forms and publications, see
if you were a U.S. citizen or resident alien for all of 2023 the 2023 Instructions for Form 1040.

Dec 7, 2023 Cat. No. 11340T

What's New Form 1040-SS filers. For 2024, the Estimated Tax
In figuring your 2024 estimated tax, be sure to consider Worksheet for filers of Form 1040-SS has been added to
the following. Form 1040-ES.
Standard deduction amount increased. For 2024, the Reminders
standard deduction amount has been increased for all
Individual taxpayer identification number (ITIN) re-
filers. If you don't itemize your deductions, you can take
newal. If you have an ITIN that you haven’t included on a
the 2024 standard deduction listed in the following chart
tax return in the last 3 consecutive years, you may need to
for your filing status.
renew it. For more information, see the Instructions for
Form W-7.
THEN your standard
IF your 2024 filing status is...
deduction is... Advance payments of the premium tax credit. If you
buy health care insurance through the Health Insurance
Married filing jointly or
$29,200 Marketplace, you may be eligible for advance payments of
Qualifying surviving spouse
the premium tax credit to help pay for your insurance
Head of household $21,900 coverage. Receiving too little or too much in advance will
Single or Married filing separately $14,600 affect your refund or balance due. Promptly report
changes in your income or family size to your
Marketplace. See Form 8962 and its instructions for more
However, if you can be claimed as a dependent on information.
another person's 2024 return, your standard deduction is
the greater of: Access Your Online Account
• $1,300, or Go to IRS.gov/Account to securely access information
• Your earned income plus $450 (up to the standard about your federal tax account.
deduction amount). • View the amount you owe and a breakdown by tax year.
Your standard deduction is increased by the following • See payment plan details or apply for a new payment
amount if, at the end of 2024, you are: plan.
• An unmarried individual (single or head of household) • Make a payment, view 5 years of payment history and
and are: any pending or scheduled payments.
• Access your tax records, including key data from your
65 or older or blind . . . . . . . . . . . . . . . . . . . . . . . . $1,950 most recent tax return, your economic impact payment
65 or older and blind . . . . . . . . . . . . . . . . . . . . . . . $3,900 amounts, and transcripts.
• View digital copies of select notices from the IRS.
• Approve or reject authorization requests from tax
• A married individual (filing jointly or separately) or a professionals.
qualifying surviving spouse and are: • Update your address or manage your communication
preferences.
65 or older or blind . . . . . . . . . . . . . . . . . . . . . . . . $1,550
65 or older and blind . . . . . . . . . . . . . . . . . . . . . . . $3,100 How To Figure Your Estimated Tax
Both spouses 65 or older . . . . . . . . . . . . . . . . . . . . $3,100* You will need:
Both spouses 65 or older and blind . . . . . . . . . . . . . . $6,200* • The 2024 Estimated Tax Worksheet,
*Only if married filing jointly. If married filing separately, these amounts • The Instructions for the 2024 Estimated Tax Worksheet,
do not apply. • The 2024 Tax Rate Schedules, and
• Your 2023 tax return and instructions to use as a guide
to figuring your income, deductions, and credits (but be
Your standard deduction is zero if (a) your spouse sure to consider the items listed under What's New,
! itemizes on a separate return, or (b) you were a earlier).
CAUTION dual-status alien and you do not elect to be taxed
Matching estimated tax payments to income. If you
as a resident alien for 2024. receive your income unevenly throughout the year (for
example, because you operate your business on a
Social security tax. For 2024, the maximum amount of seasonal basis or you have a large capital gain late in the
earned income (wages and net earnings from year), you may be able to lower or eliminate the amount of
self-employment) subject to the social security tax is your required estimated tax payment for one or more
$168,600. periods by using the annualized income installment
Additional child tax credit amount increased For method. See chapter 2 of Pub. 505 for details.
2024, the maximum additional child tax credit amount is Changing your estimated tax. To amend or correct your
$1,700 for each qualifying child. estimated tax, see How To Amend Estimated Tax
Adoption credit or exclusion. For 2024, the maximum Payments, later.
adoption credit or exclusion for employer-provided You can’t make joint estimated tax payments if you
adoption benefits has increased to $16,810. In order to or your spouse is a nonresident alien, you are
claim either the credit or exclusion, your modified adjusted ! separated under a decree of divorce or separate
gross income must be less than $292,150.
CAUTION

2 Form 1040-ES (2024)

maintenance, or you and your spouse have different tax next business day. See Pub. 509, Tax Calendars, for a list
years. of all legal holidays.

Additionally, individuals who are in registered domestic

Name Change
partnerships, civil unions, or other similar formal If you changed your name because of marriage, divorce,
relationships that aren’t marriages under state law cannot etc., and you made estimated tax payments using your
make joint estimated tax payments. These individuals can former name, attach a statement to the front of your 2024
take credit only for the estimated tax payments that they paper tax return. On the statement, show all of the
made. estimated tax payments you (and your spouse, if filing
jointly) made for 2024 and the name(s) and SSN(s) under
Payment Due Dates which you made the payments.
You can pay all of your estimated tax by April 15, 2024, or Be sure to report the change to your local Social
in four equal amounts by the dates shown below. Security Administration office before filing your 2024 tax
return. This prevents delays in processing your return and
1st payment . . . . . . . . . . . . . . . . . April 15, 2024
issuing refunds. It also safeguards your future social
2nd payment . . . . . . . . . . . . . . . . June 17, 2024
security benefits. For more details, call the Social Security
3rd payment . . . . . . . . . . . . . . . . . Sept. 16, 2024
Administration at 800-772-1213 (TTY/TDD
4th payment . . . . . . . . . . . . . . . . . Jan. 15, 2025*
800-325-0778).
* You don’t have to make the payment due January 15,
2025, if you file your 2024 tax return by January 31, 2025, How To Amend Estimated Tax
and pay the entire balance due with your return.
Payments
To change or amend your estimated tax payments,
refigure your total estimated tax payments due (see the
If you mail your payment and it is postmarked by the 2024 Estimated Tax Worksheet). Then, to figure the
due date, the date of the U.S. postmark is considered the payment due for each remaining payment period, see
date of payment. If your payments are late or you didn’t Amended estimated tax in chapter 2 of Pub. 505. If an
pay enough, you may be charged a penalty for estimated tax payment for a previous period is less than
underpaying your tax. See When a Penalty Is Applied, one-fourth of your amended estimated tax, you may owe a
later. 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.
The penalty may be waived under certain conditions.
No income subject to estimated tax during first pay- See the Instructions for Form 2210 for details.
ment period. If, after March 31, 2024, you have a large
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 Paying online is convenient and secure and helps make
method, explained in chapter 2 of Pub. 505. If you use the sure we get your payments on time. To pay your taxes
annualized income installment method, file Form 2210, online or for more information, go to IRS.gov/Payments.
including Schedule AI, with your 2024 tax return even if no
penalty is owed. Once you are issued a social security number (SSN),
use it when paying your estimated taxes online. Use your
Farmers and fishermen. If at least two-thirds of your SSN even if your SSN does not authorize employment or
gross income for 2023 or 2024 is from farming or fishing, if you have been issued an SSN that authorizes
you can do one of the following. employment and you lose your employment authorization.
• Pay all of your estimated tax by January 15, 2025. An ITIN will not be issued to you once you have been
• File your 2024 Form 1040 or 1040-SR by March 3, issued an SSN. If you received your SSN after previously
2025, and pay the total tax due. In this case, 2024 using an ITIN, stop using your ITIN. Use your SSN
estimated tax payments aren’t required to avoid a penalty. instead.
Fiscal year taxpayers. You are on a fiscal year if your You can pay using any of the following methods.
12-month tax period ends on any day except December • Your Online Account. You can now make tax
31. Due dates for fiscal year taxpayers are the 15th day of payments through your online account, including balance
the 4th, 6th, and 9th months of your current fiscal year and payments, estimated tax payments, or other types. You
the 1st month of the following fiscal year. If any payment can also see your payment history and other tax records
date falls on a Saturday, Sunday, or legal holiday, use the there. Go to IRS.gov/Account.

Form 1040-ES (2024) 3

• IRS Direct Pay. For online transfers directly from your Pay by Cash
checking or savings account at no cost to you, go to
IRS.gov/Payments. Cash is an in-person payment option for individuals
• Pay by Card or Digital Wallet. To pay by debit or provided through retail partners with a maximum of $1,000
credit card or digital wallet, go to IRS.gov/Payments. A fee per day per transaction. To make a cash payment, you
is charged by these service providers.You can also pay by must choose a payment processor online at
phone with a debit or credit card. See Debit or credit card fed.acipayonline.com or www.Pay1040.com. For more
under Pay by Phone, later. information, go to IRS.gov/paywithcash or see Pub 5250.
• Electronic Fund Withdrawal. (EFW) is an integrated Don't send cash payments through the mail.
e-file/e-pay option offered when filing your federal taxes
electronically using tax preparation software, through a tax Pay by Check or Money Order Using the
professional, or the IRS at IRS.gov/OPA. Estimated Tax Payment Voucher
• Online Payment Agreement. If you can’t pay in full by Before submitting a payment through the mail using the
the due date of your tax return, you can apply for an online estimated tax payment voucher, please consider
monthly installment agreement at IRS.gov/Payments. alternative methods. One of our safe, quick, and easy
Once you complete the online process, you will receive online payment options might be right for you.
immediate notification of whether your agreement has
been approved. A user fee is charged. If you choose to mail in your payment, there is a
separate estimated tax payment voucher for each due
Electronic Federal Tax Payment System (EFTPS) date. The due date is shown in the upper right corner.
Allows you to pay your taxes online or by phone directly Complete and send in the voucher only if you are making
from your checking or saving account.There is no fee for a payment by check or money order. If you and your
this service. You must be enrolled either online or have an spouse plan to file separate returns, file separate
enrollment form mailed to you. See EFTPS under Pay by vouchers instead of a joint voucher.
Phone, later.
To complete the voucher, do the following.
Pay by Phone • Print or type your name, address, and SSN in the space
Paying by phone is another safe and secure method of provided on the estimated tax payment voucher. Enter
paying electronically. Use one of the following methods: your SSN even if your SSN does not authorize
(1) call one of the debit or credit card service providers, or employment or if you have been issued an SSN that
(2) the Electronic Federal Tax Payment System (EFTPS) authorizes employment and you lose your employment
to pay directly from your checking or savings account. authorization. If you have an ITIN, enter it wherever your
SSN is requested. An ITIN will not be issued to you once
Debit or credit card. Call one of our service providers. you have been issued an SSN. If you received your SSN
Each charges a fee that varies by provider, card type, and after previously using an ITIN, stop using your ITIN. Use
payment amount. your SSN instead. If filing a joint voucher, also enter your
spouse's name and SSN. List the names and SSNs in the
WorldPay US, Inc. same order on the joint voucher as you will list them on
844-PAY-TAX-8TM (844-729-8298) your joint return.
www.payUSAtax.com • Enter in the box provided on the estimated tax payment
voucher only the amount you are sending in by check or
ACI Payments, Inc. money order. When making payments of estimated tax, be
888-UPAY-TAXTM (888-872-9829) sure to take into account any 2023 overpayment that you
fed.acipayonline.com choose to credit against your 2024 tax, but don’t include
the overpayment amount in this box.
Link2Gov Corporation • Make your check or money order payable to “United
888-PAY-1040TM (888-729-1040) States Treasury.” Don’t send cash. To help process your
www.PAY1040.com payment accurately, enter the amount on the right side of
the check like this: $ XXX.XX. Don’t use dashes or lines
EFTPS. To get more information about EFTPS or to enroll (for example, don’t enter “$ XXX—” or “$ XXX xx/100”).
in EFTPS, visit EFTPS.gov or call 800-555-4477. To • Enter “2024 Form 1040-ES” and your SSN on your
contact EFTPS using Telecommunications Relay Services check or money order. If you are filing a joint estimated tax
(TRS) for people who are deaf, hard of hearing, or have a payment voucher, enter the SSN that you will show first on
speech disability, dial 711 and then provide the TRS your joint return.
assistant the 800-555-4477 number above or • Enclose, but don’t staple or attach, your payment with
800-733-4829. Additional information about EFTPS is also the estimated tax payment voucher.
available in Pub. 966. Notice to taxpayers presenting checks. When you
provide a check as payment, you authorize us either to
Mobile Device use information from your check to make a one-time
electronic fund transfer from your account or to process
To pay through your mobile device, download the IRS2Go the payment as a check transaction. When we use
app. information from your check to make an electronic fund
transfer, funds may be withdrawn from your account as
soon as the same day we receive your payment, and you

4 Form 1040-ES (2024)

will not receive your check back from your financial you will need to spread the payment over 2 or more
institution. checks with each check made out for an amount less than
No checks of $100 million or more accepted. The $100 million. This limit doesn’t apply to other methods of
IRS can’t accept a single check (including a cashier’s payment (such as electronic payments). Please consider
check) for amounts of $100,000,000 ($100 million) or a method of payment other than check if the amount of the
more. If you are sending $100 million or more by check, payment is over $100 million.

Where To File Your Estimated Tax Payment Voucher if Paying by Check or Money Order
Mail your estimated tax payment voucher and check or money order to the address shown below for the place where you live. Do not mail your tax return to this address
or send an estimated tax payment without a payment voucher. Also, do not mail your estimated tax payments to the address shown in the Form 1040 instructions. If you
need more payment vouchers, you can make a copy of one of your unused vouchers.
Caution: For proper delivery of your estimated tax payment to a P.O. box, you must include the box number in the address. Also, note that only the U.S. Postal Service
can deliver to P.O. boxes. Therefore, you cannot use a private delivery service to make estimated tax payments required to be sent to a P.O. box.
IF you live in . . . THEN send it to . . . IF you live in . . . THEN send it to . . .

Alabama, Arizona, Florida, Georgia, Internal Revenue Service A foreign country, American Samoa, Internal Revenue Service
Louisiana, Mississippi, New Mexico, P.O. Box 1300 or Puerto Rico (or are excluding P.O. Box 1303
North Carolina, South Carolina, Charlotte, NC 28201-1300 income under Internal Revenue Charlotte, NC 28201-1303
Tennessee, Texas Code 933), or use an APO or FPO
address, or file Form 2555 or 4563,
or are a dual-status alien or
nonpermanent resident of Guam or
the U.S. Virgin Islands
Arkansas, Connecticut, Delaware, Internal Revenue Service Guam: Department of
District of Columbia, Illinois, Indiana, P.O. Box 931100 Bona fide residents* Revenue and Taxation
Iowa, Kentucky, Maine, Maryland, Louisville, KY 40293-1100 Government of Guam
Massachusetts, Minnesota, Missouri, P.O. Box 23607
New Hampshire, New Jersey, New GMF, GU 96921
York, Oklahoma, Rhode Island,
Vermont, Virginia, West Virginia,
Wisconsin
Alaska, California, Colorado, Hawaii, Internal Revenue Service U.S. Virgin Islands: Virgin Islands Bureau
Idaho, Kansas, Michigan, Montana, P.O. Box 802502 Bona fide residents* of Internal Revenue
Nebraska, Nevada, Ohio, Oregon, Cincinnati, OH 45280-2502 6115 Estate Smith Bay
North Dakota, Pennsylvania, South Suite 225
Dakota, Utah, Washington, Wyoming St. Thomas, VI 00802
*Bona fide residents must prepare separate vouchers for estimated income tax and self-employment tax payments. Send the income tax vouchers to the address for
bona fide residents and the self-employment tax vouchers to the address for non-bona fide residents.

Instructions for the 2024 Estimated Line 9. Self-employment tax. If you and your spouse
make joint estimated tax payments and both of you have
Tax Worksheet self-employment income, figure the self-employment tax
If you file Form 1040-SS, use the 2024 Estimated for each of you separately. Enter the total on line 9. When
Tax Worksheet for Filers of Form 1040-SS. estimating your 2024 net earnings from self-employment,
!
CAUTION be sure to use only 92.35% (0.9235) of your total net profit
from self-employment.
Line 1. Adjusted gross income. When figuring the
adjusted gross income you expect in 2024, be sure to Line 10. Other taxes. Use the 2023 Instructions for Form
consider the items listed under What’s New, earlier. For 1040 to determine if you expect to owe, for 2024, any of
more details on figuring your AGI, see Expected the taxes that would have been entered on your 2023
AGI—Line 1 in chapter 2 of Pub. 505. Schedule 2 (Form 1040), line 8 through 12 and 14 through
17z (see Exception 2, later). On line 10, enter the total of
If you are self-employed, be sure to take into account
those taxes, subject to the following two exceptions.
the deduction for self-employment tax. Use the 2024
Self-Employment Tax and Deduction Worksheet for Lines Exception 1. Include household employment taxes
1 and 9 of the Estimated Tax Worksheet to figure the from Schedule 2 (Form 1040), line 9, on this line only if:
amount to subtract when figuring your expected AGI. This • You will have federal income tax withheld from wages,
worksheet will also give you the amount to enter on line 9 pensions, annuities, gambling winnings, or other income;
of your estimated tax worksheet. or
• You would be required to make estimated tax payments
Line 7. Credits. See the 2023 Form 1040 or 1040-SR, (to avoid a penalty) even if you didn’t include household
line 19, and Schedule 3 (Form 1040), lines 1 through 6z, employment taxes when figuring your estimated tax.
and the related instructions for the types of credits If you meet either of the above, include the total of your
allowed. household employment taxes on line 10.

Form 1040-ES (2024) 5

2024 Self-Employment Tax and Deduction Worksheet for
Lines 1 and 9 of the Estimated Tax Worksheet Keep for Your Records
1a. Enter your expected income and profits subject to self-employment tax* . . . . . . . . . . . . . 1a.
b. If you will have farm income and also receive social security retirement or disability
benefits, enter your expected Conservation Reserve Program payments that will be
included on Schedule F (Form 1040) or listed on Schedule K-1 (Form 1065) . . . . . . . . . b.
2. Subtract line 1b from line 1a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.
3. Multiply line 2 by 92.35% (0.9235) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.
4. Multiply line 3 by 2.9% (0.029) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.
5. Social security tax maximum income ...................................... 5. $168,600
6. Enter your expected wages (if subject to social security tax or the 6.2% portion of
tier 1 railroad retirement tax) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.
7. Subtract line 6 from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.
Note. If line 7 is zero or less, enter -0- on line 9 and skip to line 10.
8. Enter the smaller of line 3 or line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.
9. Multiply line 8 by 12.4% (0.124) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9.
10. Add lines 4 and 9. Enter the result here and on line 9 of your 2024 Estimated Tax Worksheet . . . . . . . . . . . . . . . . . . 10.
11. Multiply line 10 by 50% (0.50). This is your expected deduction for self-employment tax on
Schedule 1 (Form 1040), line 15. Subtract this amount when figuring your expected AGI on
line 1 of your 2024 Estimated Tax Worksheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.

* Your net profit from self-employment is found on Schedule C (Form 1040), line 31; Schedule F (Form 1040), line 34; and Schedule K-1 (Form 1065), box 14, code A.

Exception 2. Because the following taxes are not • If you filed a joint return for 2023 but you will not file a
required to be paid until the due date of your income tax joint return for 2024, first figure the tax both you and your
(not including extensions), do not include them on line 10. spouse would have paid had you filed separate returns for
• Uncollected social security and Medicare or RRTA tax 2023 using the same filing status as for 2024. Then
on tips or group-term life insurance (Schedule 2, line 13), multiply the tax on the joint return by a fraction, the
• Recapture of federal mortgage subsidy (Schedule 2, numerator being the tax you would have paid had you filed
line 17b), a separate return, over the total tax you and your spouse
• Excise tax on excess golden parachute payments would have paid had you filed separate returns. Enter this
(Schedule 2, line 17k), amount on line 12b.
• Excise tax on insider stock compensation from an • If you didn’t file a return for 2023 or your 2023 tax year
expatriated corporation (Schedule 2, line 17m), and was less than 12 full months, don’t complete line 12b.
• Look-back interest under section 167(g) or 460(b) Instead, enter the amount from line 12a on line 12c.
(Schedule 2, line 17n). Figuring your 2023 tax. Use the following instructions
Additional Medicare Tax. For information about the to figure your 2023 tax.
Additional Medicare Tax, see the Instructions for Form The tax shown on your 2023 Form 1040 or 1040-SR is
8959. the amount on Form 1040 or 1040-SR, line 24, reduced
Net Investment Income Tax (NIIT). For information by:
about the Net Investment Income Tax, see the Instructions 1. Unreported social security and Medicare tax or
for Form 8960. RRTA tax from Schedule 2 (Form 1040), lines 5 and 6;
Repayment of first-time homebuyer credit. You
must repay the first-time homebuyer credit if you bought 2. Any tax included on Schedule 2 (Form 1040), line 8,
the home in 2008. on excess contributions to an IRA, Archer MSA, Coverdell
education savings account, health savings account, ABLE
For details about repaying the first-time homebuyer account, or on excess accumulations in qualified
credit, see the Instructions for Form 5405. retirement plans;
Line 12b. Prior year's tax. Enter the 2023 tax you figure 3. Amounts on Schedule 2 (Form 1040) as listed
according to the instructions in Figuring your 2023 tax under Exception 2, earlier; and
unless you meet one of the following exceptions. 4. Any refundable credit amounts on Form 1040 or
• If the AGI shown on your 2023 return is more than 1040-SR, lines 27, 28, and 29, Schedule 3 (Form 1040),
$150,000 ($75,000 if married filing separately for 2024), lines 9 and 12, and Schedule H lines 8e and 8f.
enter 110% of your 2023 tax as figured next.
Note. This doesn’t apply to farmers or fishermen.
• If you will file a joint return for 2024 but you didn’t file a
joint return for 2023, add the tax shown on your 2023
return to the tax shown on your spouse's 2023 return and
enter the total on line 12b.

6 Form 1040-ES (2024)

 2024 Tax Rate Schedules
Caution. Don’t use these Tax Rate Schedules to figure your 2023 taxes. Use only to figure your 2024 estimated taxes.
Schedule X—Use if your 2024 filing status is Schedule Z—Use if your 2024 filing status is
Single Head of household
If line 3 If line 3
is: The tax is: is: The tax is:
of the of the
But not amount But not amount
Over— over— over— Over— over— over—
$0 $11,600 ----------- + 10% $0 $0 $16,550 ----------- + 10% $0
11,600 47,150 $1,160.00 + 12% 11,600 16,550 63,100 $1,655.00 + 12% 16,550
47,150 100,525 5,426.00 + 22% 47,150 63,100 100,500 7,241.00 + 22% 63,100
100,525 191,950 17,168.50 + 24% 100,525 100,500 191,950 15,469.00 + 24% 100,500
191,950 243,725 39,110.50 + 32% 191,950 191,950 243,700 37,417.00 + 32% 191,950
243,725 609,350 55,678.50 + 35% 243,725 243,700 609,350 53,977.00 + 35% 243,700
609,350 ----------- 183,647.25 + 37% 609,350 609,350 ----------- 181,954.50 + 37% 609,350
Schedule Y-1— Use if your 2024 filing status is Schedule Y-2—Use if your 2024 filing status is
Married filing jointly or Qualifying surviving spouse Married filing separately

If line 3 The tax is: If line 3 The tax is:

is: is:
of the of the
But not amount But not amount
Over— over— over— Over— over— over—
$0 $23,200 ----------- + 10% $0 $0 $11,600 --------- + 10% $0
23,200 94,300 $2,320.00 + 12% 23,200 11,600 47,150 $1,160.00 + 12% 11,600
94,300 201,050 10,852.00 + 22% 94,300 47,150 100,525 5,426.00 + 22% 47,150
201,050 383,900 34,337.00 + 24% 201,050 100,525 191,950 17,168.50 + 24% 100,525
383,900 487,450 78,221.00 + 32% 383,900 191,950 243,725 39,110.50 + 32% 191,950
487,450 731,200 111,357.00 + 35% 487,450 243,725 365,600 55,678.50 + 35% 243,725
731,200 --------- 196,669.50 + 37% 731,200 365,600 ----------- 98,334.75 + 37% 365,600

2024 Estimated Tax Worksheet for Filers of Form 1040-SS Keep for Your Records
1. Complete lines 1 through 10 of the 2024 Self-Employment Tax and Deduction Worksheet and enter the amount from
line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.
2. Household employment taxes and the Additional Medicare Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.
3. Add lines 1 and 2 ................................................................ 3.
4. Bona fide residents of Puerto Rico only, enter the amount of your additional child tax credit (if any) ............ 4.
5. Subtract line 4 from line 3. If less than the sum of $1,000 and household employment taxes, no payment is
required . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.
6a. Multiple line 5 by 90% (66 2/3% for farmers and fishermen) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6a.
b. Enter the tax amount from your 2023 tax return (the amount from Form 1040-SS, line 6 minus the sum of Form
1040-SS, lines 8 through 11b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6b.
c. Enter the smaller of line 6a or 6b (minus the expected amount of Additional Medicare Tax withholding). This is the
annual payment you must make . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6c.
Caution: Generally, if you do not prepay at least the amount shown on line 6c, you may owe a penalty for not paying enough
estimated tax. To avoid a penalty, make sure your estimate on line 1 is as accurate as possible. If you are not sure of the
amount of estimated tax, and line 6a is smaller than line 6b, it would be convenient for you to pay an amount of at least the
amount shown on line 6b. Even if you pay the required annual payment, you may still owe tax when you file your return. If you
prefer, you can pay the amount shown on line 1. For details, see chapter 2 of Pub. 505.
7. Amount of the installments. If the first payment you are required to make is due April 15, 2024, enter ¼ of line 6c
(minus any 2023 overpayment that you are applying to this installment) here, and on your estimated tax payment
voucher(s) if you are paying by check or money order. (Even when you are not required to make the payment due on
April 15, 2024, your economic situation might change in a way that you might need to present a payment voucher and
make a payment in the future. See Annualized Income Installment Method in chapter 2 of Pub. 505, for
more information.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.

Form 1040-ES (2024) 7

2024 Estimated Tax Worksheet Keep for Your Records
1 Adjusted gross income you expect in 2024 (see instructions) . . . . . . . . . . . . . . 1
2a Deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2a
• If you plan to itemize deductions, enter the estimated total of your itemized deductions.
• If you don’t plan to itemize deductions, enter your standard deduction.
b If you can take the qualified business income deduction, enter the estimated amount of the deduction 2b
c Add lines 2a and 2b . . . . . . . . . . . . . . . . . . . . . . . . . . . 2c
3 Subtract line 2c from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Tax. Figure your tax on the amount on line 3 by using the 2024 Tax Rate Schedules.
Caution: If you will have qualified dividends or a net capital gain, or expect to exclude or deduct foreign
earned income or housing, see Worksheets 2-5 and 2-6 in Pub. 505 to figure the tax . . . . . . 4
5 Alternative minimum tax from Form 6251 . . . . . . . . . . . . . . . . . . . . 5
6 Add lines 4 and 5. Add to this amount any other taxes you expect to include in the total on Form 1040
or 1040-SR, line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Credits (see instructions). Do not include any income tax withholding on this line . . . . . . . 7
8 Subtract line 7 from line 6. If zero or less, enter -0- . . . . . . . . . . . . . . . . . 8
9 Self-employment tax (see instructions) . . . . . . . . . . . . . . . . . . . . . 9
10 Other taxes (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . 10
11a Add lines 8 through 10 . . . . . . . . . . . . . . . . . . . . . . . . . . 11a
b Earned income credit, additional child tax credit, fuel tax credit, net premium tax credit, refundable
American opportunity credit, and section 1341 credit . . . . . . . . . . . . . . . . 11b
c Total 2024 estimated tax. Subtract line 11b from line 11a. If zero or less, enter -0- . . . . . . 11c

12a Multiply line 11c by 90% (662/3% for farmers and fishermen) . . . . . . 12a
b Required annual payment based on prior year’s tax (see instructions) . . . 12b
c Required annual payment to avoid a penalty. Enter the smaller of line 12a or 12b . . . . . . 12c
Caution: Generally, if you do not prepay (through income tax withholding and estimated tax payments)
at least the amount on line 12c, you may owe a penalty for not paying enough estimated tax. To avoid
a penalty, make sure your estimate on line 11c is as accurate as possible. Even if you pay the required
annual payment, you may still owe tax when you file your return. If you prefer, you can pay the amount
shown on line 11c. For details, see chapter 2 of Pub. 505.
13 Income tax withheld and estimated to be withheld during 2024 (including income tax withholding on
pensions, annuities, certain deferred income, and Additional Medicare Tax withholding) . . . . . 13

14a Subtract line 13 from line 12c . . . . . . . . . . . . . . . . 14a

Is the result zero or less?
Yes. Stop here. You are not required to make estimated tax payments.
No. Go to line 14b.
b Subtract line 13 from line 11c . . . . . . . . . . . . . . . . 14b
Is the result less than $1,000?
Yes. Stop here. You are not required to make estimated tax payments.
No. Go to line 15 to figure your required payment.
15 If the first payment you are required to make is due April 15, 2024, enter ¼ of line 14a (minus any
2023 overpayment that you are applying to this installment) here, and on your estimated tax payment
voucher(s) if you are paying by check or money order . . . . . . . . . . . . . . . . 15

Form 1040-ES (2024) -8-

Record of Estimated Tax Payments (Farmers, fishermen, and fiscal
year taxpayers, see Payment Due Dates.) Keep for Your Records

(c) Check or
Payment

Payment (d) Amount paid (e) 2023 (f) Total amount

number

(a) Amount (b) Date money order number, or

due (do not include overpayment paid and credited
due paid credit or debit card
date any convenience fee) credit applied (add (d) and (e))
confirmation number

1 4/15/2024

2 6/17/2024

3 9/16/2024

4 1/15/2025*

Total . . . . . . . . . . . . . . . . . . . . . . . .
*You do not have to make this payment if you file your 2024 tax return by January 31, 2025, and pay the entire balance due with your return.

Privacy Act and Paperwork Reduction Act Notice. We ask for this We may disclose it to cities, states, the District of Columbia, and U.S.
information to carry out the tax laws of the United States. We need it to commonwealths or territories to carry out their tax laws. We may also
figure and collect the right amount of tax. Our legal right to ask for this disclose this information to other countries under a tax treaty, to federal
information is Internal Revenue Code section 6654, which requires that and state agencies to enforce federal nontax criminal laws, or to federal
you pay your taxes in a specified manner to avoid being penalized. law enforcement and intelligence agencies to combat terrorism.
Additionally, sections 6001, 6011, and 6012(a) and their regulations If you do not file a return, do not give the information asked for, or
require you to file a return or statement for any tax for which you are give fraudulent information, you may be charged penalties and be
liable; section 6109 requires you to provide your identifying number. subject to criminal prosecution.
Failure to provide this information, or providing false or fraudulent
information, may subject you to penalties. Please keep this notice with your records. It may help you if we ask
you for other information. If you have any questions about the rules for
You are not required to provide the information requested on a form filing and giving information, please call or visit any Internal Revenue
that is subject to the Paperwork Reduction Act unless the form displays Service office.
a valid OMB control number. Books or records relating to a form or its
instructions must be retained as long as their contents may become The average time and expenses required to complete and file this
material in the administration of any Internal Revenue law. Generally, tax form will vary depending on individual circumstances. For the estimated
returns and return information are confidential, as stated in Code section averages, see the instructions for your income tax return.
6103. If you have suggestions for making this package simpler, we would be
We may disclose the information to the Department of Justice for civil happy to hear from you. See the instructions for your income tax return.
and criminal litigation and to other federal agencies, as provided by law.

-9- Form 1040-ES (2024)

 Need to make a payment?
Save time by paying online. Paying
online is convenient and secure.
The IRS offers easy ways to electronically pay your taxes.
Use Your Pay by Pay by
Online Account Bank Account Card
(no fees) (no fees) (processing fees apply)

• Go to www.irs.gov/Account to login • Use Direct Pay online to make an • Pay online or by phone.
and make a payment. individual tax payment from your
checking or savings account without • When e-filing pay through tax
• Make a tax payment online directly registration. preparation software.
from your checking or savings account.
• Register for the Electronic Federal Tax • Processing fees go to a payment
• View your balance, payment plan Payment System (EFTPS) to make processor and limits apply. The IRS
details and options, digital copies of one-time or recurring payments from does not receive any fees.
certain notices, and more. your checking or savings account.
• When you e-file with tax software or a
tax professional, you can schedule an
electronic funds withdrawal (EFW).

Go to www.irs.gov/Payments for more details or to make a payment.

Separate here.

1040-ES
2024 Estimated Tax Payment
4
Form

Department of the Treasury

Internal Revenue Service Voucher OMB No. 1545-0074
Calendar year—Due Jan. 15, 2025
File only if you are making a payment of estimated tax by check or money order. Mail this
voucher with your check or money order payable to “United States Treasury.” Write your Amount of estimated tax you are paying
social security number and “2024 Form 1040-ES” on your check or money order. Do not send by check or
cash. Enclose, but do not staple or attach, your payment with this voucher. money order.

Your first name and middle initial Your last name Your social security number

Pay online at If joint payment, complete for spouse

www.irs.gov/ Spouse’s first name and middle initial Spouse’s last name Spouse’s social security number
Print or type

etpay

Simple. Address (number, street, and apt. no.)

Fast.
Secure.
City, town, or post office. If you have a foreign address, also complete spaces below. State ZIP code

Foreign country name Foreign province/county Foreign postal code

For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see instructions. Form 1040-ES (2024)
-10-
 1040-ES
2024 Estimated Tax Payment
3
Form
Department of the Treasury
Internal Revenue Service Voucher OMB No. 1545-0074
Calendar year—Due Sept. 16, 2024
File only if you are making a payment of estimated tax by check or money order. Mail this
voucher with your check or money order payable to “United States Treasury.” Write your Amount of estimated tax you are paying
social security number and “2024 Form 1040-ES” on your check or money order. Do not send by check or
cash. Enclose, but do not staple or attach, your payment with this voucher. money order.

Your first name and middle initial Your last name Your social security number

Pay online at If joint payment, complete for spouse

www.irs.gov/ Spouse’s first name and middle initial Spouse’s last name Spouse’s social security number
Print or type

etpay

Simple. Address (number, street, and apt. no.)

Fast.
Secure.
City, town, or post office. If you have a foreign address, also complete spaces below. State ZIP code

Foreign country name Foreign province/county Foreign postal code

For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see instructions.

Separate here.

1040-ES
2024 Estimated Tax Payment
2
Form

Department of the Treasury

Internal Revenue Service Voucher OMB No. 1545-0074
Calendar year—Due June 17, 2024
File only if you are making a payment of estimated tax by check or money order. Mail this
voucher with your check or money order payable to “United States Treasury.” Write your Amount of estimated tax you are paying
social security number and “2024 Form 1040-ES” on your check or money order. Do not send by check or
cash. Enclose, but do not staple or attach, your payment with this voucher. money order.

Your first name and middle initial Your last name Your social security number

Pay online at If joint payment, complete for spouse

www.irs.gov/ Spouse’s first name and middle initial Spouse’s last name Spouse’s social security number
Print or type

etpay

Simple. Address (number, street, and apt. no.)

Fast.
Secure.
City, town, or post office. If you have a foreign address, also complete spaces below. State ZIP code

Foreign country name Foreign province/county Foreign postal code

For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see instructions.

Separate here.

1040-ES
2024 Estimated Tax
Payment
1
Form

Department of the Treasury

Internal Revenue Service Voucher OMB No. 1545-0074
Calendar year—Due April 15, 2024
File only if you are making a payment of estimated tax by check or money order. Mail this
voucher with your check or money order payable to “United States Treasury.” Write your Amount of estimated tax you are paying
social security number and “2024 Form 1040-ES” on your check or money order. Do not send by check or
cash. Enclose, but do not staple or attach, your payment with this voucher. money order.

Your first name and middle initial Your last name Your social security number

Pay online at If joint payment, complete for spouse

www.irs.gov/ Spouse’s first name and middle initial Spouse’s last name Spouse’s social security number
Print or type

etpay

Simple. Address (number, street, and apt. no.)

Fast.
Secure.
City, town, or post office. If you have a foreign address, also complete spaces below. State ZIP code

Foreign country name Foreign province/county Foreign postal code

For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see instructions. Form 1040-ES (2024)
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