Updated 02/06/2013 10:02 AM   |   ID# 172

Self employment estimated tax payments

How do I pay Social Security self-employment estimated tax payments?


The Internal Revenue Service (IRS) is the authority on tax matters. Self-employed individuals must pay estimated self-employment tax (Social Security and Medicare) directly to the IRS. Once you have determined your estimated tax on the Form 1040-ES along with other tax forms, there are five ways to pay:

  1. Credit an overpayment on your 2011 return to your 2012 estimated tax;
  2. Send in your payment (check or money order) with a payment voucher from Form 1040-ES;
  3. Pay electronically using the Electronic Federal Tax Payment System;
  4. Pay by electronic funds withdrawal if you are filing Form 1040 or Form 1040A electronically; and
  5. Pay by credit or debit card using a pay-by-phone system or the Internet.

 More Information
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Publication 505, Tax Withholding and Estimated Tax
2012 Social Security Tax Rate
Tax Information for Small Business/Self-Employed

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