World’s most accurate quarterly tax calculator
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Have you paid quarterly taxes before?
Get most accurate quarterly tax payments based on your income and deductions.

75% of freelancers overpay their taxes

Most of the freelancers do not consider tax deductions while estimating quarterly taxes. This leads to either overpayments or penalties.

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Stop estimating and start calculating using A.I. in just 5 minutes.

A.I. automatically finds every deduction

You can review the deductions, and answer a few basic questions to accurately calculate quarterly tax payments in just 5 minutes.

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CPAs ensure 100% accuracy

If you think your taxes are more complicated than usual, you can choose to consult a CPA for free.

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Here’s what you’ll get!

Automated expense classification

Tax deductions fetched by A.I.

Free CPA review

Takes 5 minutes
after set-up
100% accurate
tax estimate
Save $3,700
on average

Meet Jane, a freelance Blogger (Health & Wellness)

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blogger_earning
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Jane saved $4,740
in quarterly taxes.
Jane, a freelance Blogger from California whose sole source of income is freelancing gigs & blogging. It was time for her to pay quarterly taxes and she wanted to avoid overpaying. She realized that the only way to avoid overpaying on taxes is by finding tax deductions. FlyFin A.I. came to her rescue and found all possible deductions for her automatically.
Be it a yoga mat, camera for streaming her classes or, softwares like Canva, Vimeo for editing her blog videos. A.I. helped organize her deductions and calculated quarterly tax amounts for her with 100% accuracy.

Cash-in on this opportunity!

Never miss a deadline! FlyFin notifies you before your quarterly taxes are due; and you always stay on top of taxes!

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Frequently Asked Questions

How do I know if I have to file quarterly tax payments?
The IRS requires quarterly estimated tax payments to be filed by all the freelancers who have income that is not subject to automatic withholding (W-2 employees). Thus, if you are self-employed and turning a profit then you probably owe quarterly taxes. In simple words, if you have income that didn't have taxes withheld and you expect to owe $1,000 or more in taxes on all of that combined income in April, then you should consider paying quarterly taxes.
Why do I have to pay quarterly taxes?
Income received from just about any source is generally subject to income tax. That may include not just the federal income tax, but also the state income tax, and Social Security and Medicare tax.
Should self-employment taxes be paid quarterly or yearly?
Generally, as a self-employed individual, you are required to file an annual return and pay your estimated tax quarterly. You must pay self-employment tax (SE tax) as well as income tax. Estimated tax is necessary to pay Social Security and Medicare taxes and income tax because you do not have an employer withholding these taxes for you. Please refer to Form 1040-ES, Estimated Tax for Individuals to figure these taxes.
How does FlyFin AI calculate my quarterly taxes?
FlyFin AI automatically finds every deduction automatically. All you have to do is answer a few basic questions and A.I. will accurately calculate your quarterly tax payments. The entire process hardly takes five minutes. Moreover, you get to consult a CPA to prepare your quarterly taxes for free.
When are quarterly tax payments due?

For estimated tax purposes, the year is divided into four payment periods. Each period has a specific payment due date. The due dates are:

Payment Period
Due Date
January 1 - March 31
April, 15
April 1 - May 31
June, 15
June 1 - August 31
September, 15
September 1 - December 31
January, 18
While filing my personal tax return, how do I report the estimated payments I made during the year?
You can report all your estimated tax payments on Schedule 3 (Form 1040). Don’t forget to include any overpayment that you elected to credit from your prior-year tax return.
What are the benefits of automating my quarterly taxes?
Automating your expenses reduces the burden of tracking your bills and receipts. FlyFin automates your tax payments for every quarter and not just at the end of the year. With the help of automation, you get the most accurate quarterly tax calculations based on your income and deductions.
Can I seek help from a tax expert if my taxes are complicated?
It’s usually better to seek help from a tax expert if your taxes seem complicated. FlyFin AI offers the world's most accurate quarterly tax calculator along with a free CPA review.
What will happen if I do not pay quarterly tax estimates?

If you don't pay enough tax through withholding and estimated tax payments, you may be charged a Penalty. There are several types of penalties that the IRS has however three of the most common penalties include the following:

  • Failure to file penalty
  • Failure to pay penalty
  • Underpayment penalty

You also may be charged a penalty if your estimated tax payments are late, even if you are due a refund when you file your tax return

How to file quarterly taxes and what are the payment methods?

You can send estimated tax payments using one of the following payments methods:

  • Electronic Federal Tax Payment System (best option for businesses or large payments; enrollment required)
  • Electronic Funds Withdrawal (during e-filing)
  • Same-day wire
  • Check or money order
  • Cash
What if I overpay my estimated taxes?
If you overpay your estimated taxes, the IRS will send you a tax refund for the amount you overpaid. It has been observed that over 75% of freelancers overpay their taxes since they do not consider tax deductions while estimating quarterly taxes. This leads to either over payments or penalties. However, with FlyFin, there’s no such thing as an overpayment. The A.I. detects every possible deduction and helps you lower your tax amount.
What is the penalty for not paying quarterly taxes?

If you fail to pay your quarterly taxes, the IRS can charge you a penalty. Especially, if you owe more than $1,000 in taxes and do not pay these taxes quarterly, you’ll be charged with an underpayment penalty by the IRS.

However, you can avoid the penalty if you meet either of these conditions:

  • You had no tax liability for the previous year, and you were a U.S. citizen or resident alien for the whole year.
  • The total tax shown on your previous year’s tax return minus the amount of tax you paid through withholding is less than $1,000.
  • You’re a farmer or fisherman, and your withholding plus quarterly estimated tax payments are at least 66.67% of your previous year’s tax.
  • A casualty or disaster occurred.
  • You’re retired or disabled.
What percentage should I pay for estimated taxes?
It is generally advised that the taxpayers must pay at least 90% of their taxes throughout the year through withholding, estimated or additional tax payments, or a combination of the two.
How to request an abatement of the tax penalty?

You can file Form 843 if you wish to waive your penalty. However, to file for a waiver, you must meet any one of the following conditions:

  • Your estimated quarterly payments were accurate and timely.
  • You generated a large sum of your income later in the year.
  • A huge part of your tax payments occurred earlier in the year.
  • You changed your filing status to or from married filing jointly.
Freelancers save $3,700 extra
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