Colorado Estimated Tax Payments Online: What You Need to Know

Colorado residents who earn income from sources other than a regular paycheck, such as self-employment or investments, are required to make estimated tax payments.

These payments are due four times a year, on April 15th, June 15th, September 15th, and January 15th of the following year.

You can make estimated tax payments online through the Colorado Department of Revenue website, which is a convenient and efficient way to stay on top of your tax obligations.

The online system allows you to make payments using your bank account or credit card, and you'll receive a confirmation number to keep for your records.

Estimated tax payments are a crucial part of staying on top of your Colorado tax obligations. You must submit estimated tax payments if your total Colorado tax liability, less withholding and credits, exceeds $1,000.

Individuals and married couples filing jointly are required to make estimated tax payments if their total Colorado tax liability exceeds $1,000. This is a one-time threshold, so if you're under $1,000, you're off the hook.

C corporations, on the other hand, must make estimated tax payments if they can reasonably expect their net tax liability to exceed $5,000 for the year. This is a more significant threshold, but still an important one to keep in mind.

To make estimated tax payments, you can use the C Corporation Estimated Payment Form (DR 0112EP) or submit payments through Revenue Online or Electronic Funds Transfer (EFT). This makes it easy to stay on top of your payments and avoid any last-minute stress.

Here are the estimated payment due dates for corporate and partnership filings:

For fiscal year filers, the due dates are the 15th day of the fourth, sixth, ninth, and twelfth month of the tax year. If the due date falls on a Saturday, Sunday, or state holiday, payment is due on the next business day.

To make things even easier, you can also use the following payment schedule:

Remember to keep track of your payments, including the date, amount, and IRS address to which you sent the payments. This will help you stay organized and ensure you're meeting your tax obligations.