Get Mo 1040es

Paying Online The Missouri Department of Revenue accepts online payments — including extension and estimated tax payments — using a credit card or eCheck. An eCheck is an easy and secure method to pay your individual income taxes by electronic bank draft.

Wage-earners and salaried employees can avoid estimated tax payments by having their employer withhold tax from their wages. To determine the right amount to withhold, use the Tax Withholding Estimator , available on IRS.gov.

Individuals, including sole proprietors, partners, and S corporation shareholders, generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed.

Paying Online The Missouri Department of Revenue accepts online payments — including extension and estimated tax payments — using a credit card or eCheck. An eCheck is an easy and secure method to pay your individual income taxes by electronic bank draft.

Use Form 1040-ES to figure and pay your estimated tax. Estimated tax is the method used to pay tax on income that is not subject to withholding (for example, earnings from self-employment, interest, dividends, rents, alimony, etc.).

Missouri follows the IRS standards for estimated payments. If you will owe $100 or more in tax for the current year, you are required to make 90% of the tax due, over quarterly payments.

In order to not incur penalties and interest for underpayment of taxes throughout the year, for both Federal and Missouri, you must pay the lesser of (1) 90% of your current year expected income tax liability or (2) 100% of your prior year actual income tax liability.

Some states, including Missouri, also require estimated tax payments. You must make estimated tax payments to the IRS if you expect your federal income tax liability to be more than $1,000.