Can you prepay federal income taxes?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

Yes, you can prepay federal income taxes through estimated tax payments. Generally, you're required to make estimated tax payments if you expect to owe at least $1,000 in tax for 2009 (after subtracting credits and withholding) and if your withholdings and credits are expected to be less than the smaller of 90 percent of the tax on your 2009 return or 100 percent of the tax on your 2008 tax return. Estimated tax payments are paid quarterly (every three months). You can make estimated tax payments by check or money order attached to Form 1040-ES (Estimated Tax Payment Voucher). Or you make an electronic payment by enrolling in the Electronic Federal Tax Payment System (EFTPS) at or calling 1-800-316-6541 (for individuals) or 1-800-555-4477 (for businesses). Or you can make electronic payment by Electronic Funds Withdrawal (EFW). Or you can make electronic payment by credit card. But a convenience fee is charged for this option. If you receive salaries and wages, you ask your employer to withhold more tax from your earnings by fiiling a new Form W-4 with your employer and entering the additional amount to be withheld on Line 6 of that form.
6 people found this useful

How is federal income tax used?

Taxes are used to pay for all the services and obligations of the government they go to. Some are earmarked for certain things, (like social security payments), some are put

Is federal income tax unconstitutional?

The Personal Income Tax Law is wholly constitutional and conformsnicely with the constraints of the Constitution. The above answercorrectly points out that jails and prisons a

When was the federal income tax ratified?

In the War of 1812, the U.S. first considered an income tax, but the war ended before the tax was officially created. But, during the American Civil War, the first U.S. income

When did federal income tax begin?

1862 - President Lincoln signed into law a revenue-raising measure to help pay for Civil War expenses. The measure created a Commissioner of Internal Revenue and the nation's

Who established the federal income tax?

It is allowed by the Constitution. Essentially the system to enforce and handle the Tax Laws themselves - were passed after much debate and discussion by the elected members o

Do you have to file your Federal income taxes?

Yes if the meet the must file a tax return requirement of having to file your tax return. A self employed taxpayer would be required to file an income tax return if business

How do you figure federal income tax?

By using the search box at the IRS gov website and choosing the 1040 federal income tax return instruction that you will need to use and start reading. You can use the search

Is the federal income tax unconstitutional?

the tax law has been amended in 1913 i think- but in order for it to become law - it had to be ratified by the states - which up to today - this Gov. of ours and the IRS has n

Do you have to file federal income tax?

You would be the only one that will have all of the necessary information to determine this answer. A self employed taxpayer would be required to file an income tax return i

When are federal income taxes due?

The total amount of your federal income tax that is due for the calender year taxpayer is usually due to be postmarked before MIDNIGHT April 15 of the year after the tax year

What is the use of the federal income tax?

Federal Income taxes are used to pay for every type of payment thatthe Federal Government makes. This includes Military, HomelandSecurity, Federal employees, Social Security,

Where are federal income tax mailed from?

Federal Income Tax is not really mailed from anywhere except fromyour mailbox to the IRS Service Center. I know this may not be whatyou mean but I really don't know what you a