Quarterly Estimated Taxes

Tax payments you make 4 times a year if you have income without withholding (freelance, investment, rental).

Full explanation

If you expect to owe $1,000 or more in taxes after subtracting withholding and credits, the IRS requires you to make quarterly estimated tax payments. This mainly affects freelancers, gig workers, investors, and retirees. Due dates: April 15, June 15, September 15, and January 15 of the following year. Use Form 1040-ES to calculate the amount. You can pay via IRS Direct Pay (irs.gov/payments). Missing payments results in an underpayment penalty.

Source: IRS Publication 505 — Tax Withholding and Estimated Tax

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Tax education only. Source: IRS Publication 505 — Tax Withholding and Estimated Tax.