Individuals like sole proprietors and S-corp shareholders generally must make estimated tax payments if they expect to owe $1,000 or more when filing their tax return.

A graphic illustration showing a computer, calculator, money, and a coffee cup with the text "Do you need to pay estimated taxes? Individuals like sole proprietors and S-corp shareholders generally must make estimated tax payments if they expect to owe $1,000 or more when filing their tax return." The Intuit QuickBooks logo is at the bottom.