Frequently asked questions
When are 2026 quarterly estimated taxes due?
April 15, 2026; June 15, 2026; September 15, 2026; and January 15, 2027 (per the 2026 Form 1040-ES). You can skip the January payment if you file and pay in full by February 1, 2027.
Who has to pay quarterly estimated taxes?
Generally anyone who expects to owe $1,000 or more when they file, after withholding and credits — typically freelancers, 1099 contractors and LLC owners.
What is the safe harbor for estimated taxes?
You generally avoid the underpayment penalty if withholding plus timely estimates cover the smaller of 90% of this year's tax or 100% of last year's tax (110% if last year's AGI was over $150,000, or $75,000 married filing separately).
How much should I set aside from 1099 income?
Self-employment tax alone is about 14.1% of profit (15.3% on 92.35%). Add your federal income tax bracket and any state tax. Many people at $50k–$100k profit end up setting aside 20–30%.
What are the 2026 federal tax brackets?
For single filers: 10% up to $12,400, 12% to $50,400, 22% to $105,700, 24% to $201,775, 32% to $256,225, 35% to $640,600, and 37% above. Married filing jointly brackets are double up to the 35% bracket ($768,700 for 37%). The standard deduction is $16,100 single and $32,200 joint.