New York Estimated Quarterly Tax

New York requires estimated quarterly tax payments if you expect to owe more than $300 in state tax. The safe harbor is paying 90% of your current year tax liability or 100% of your prior year tax. Payments are due on the same dates as federal (April 15, June 15, September 15, January 15).

Why It Matters

Self-employed workers and freelancers in New York must make estimated quarterly payments for both federal and state taxes. Missing payments or underpaying can result in penalties from both the IRS and New York State Department of Taxation and Finance. New York charges a 9.5% penalty rate on underpayments. Planning ahead helps you avoid surprises at tax time and manage cash flow throughout the year.

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How It Works

New York estimated tax is calculated on your expected state taxable income for the year. File using Form IT-2105 through New York State Department of Taxation and Finance. Payments are divided equally (25% each quarter). Due dates are 2026-04-15, 2026-06-15, 2026-09-15, and 2027-01-15. The annualized income installment method is available for taxpayers with uneven income throughout the year.

Example

Single filer • $100,000 net SE income • 2026

Quarterly

$7,432

per quarter

Federal

$25,745

25.75%

Total Annual

$29,730

29.73%

Resources

New York Estimated Tax Payments - Official Portal

Official New York estimated tax payment portal administered by New York State Department of Taxation and Finance.

Source: New York State Department of Taxation and Finance

Frequently Asked Questions

Does New York have local estimated tax requirements?

NYC residents owe additional income tax (3.078%–3.876%) and Yonkers residents owe a surcharge (16.75% of net state tax). Both are paid together with state estimated tax on Form IT-2105.

How do I pay estimated taxes in New York?

You can make estimated tax payments in New York online through New York State Department of Taxation and Finance's payment portal, by mailing Form IT-2105 with a check, or through electronic funds transfer. Online payment is the fastest and provides immediate confirmation.

What is the estimated tax threshold in New York?

New York requires estimated quarterly payments if you expect to owe more than $300 in state income tax after withholding and credits. This applies to self-employed individuals, freelancers, and anyone with significant non-wage income.

What is the penalty for underpaying estimated taxes in New York?

New York charges an underpayment penalty at a rate of 9.5% per year on the underpaid amount. To avoid penalties, pay at least 90% of your current year tax liability or 100% of your prior year tax (110% if AGI exceeds $150,000).

When are estimated tax payments due in New York?

New York follows the same due dates as federal estimated payments: April 15, June 15, September 15, and January 15. Payments are made using Form IT-2105 through New York State Department of Taxation and Finance.