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Understanding Quarterly Estimated Taxes for the Self-Employed

March 5, 2026

Understanding Quarterly Estimated Taxes for the Self-Employed

If you're self-employed, you're responsible for paying your own taxes throughout the year.

That means making estimated tax payments every quarter instead of waiting until April.

Why Quarterly Payments Matter

The IRS expects you to pay taxes as you earn income. If you wait until the end of the year, you could face penalties.

When Are Quarterly Taxes Due?

  • Q1: April 15
  • Q2: June 15
  • Q3: September 15
  • Q4: January 15 (of the following year)

How Much Should You Pay?

Most self-employed professionals should set aside 25-30% of their net profit for taxes.

This covers:

  • Federal income tax
  • Self-employment tax (Social Security and Medicare)
  • State income tax (if applicable)

How Bumblebee Books Helps

Our Tax Planner automatically estimates your quarterly tax obligations based on your actual income and expenses.

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