Information About Estimated Tax Payments
You were required to make estimated tax payments if your North Carolina income tax liability, after credits and tax withheld, was $1000.00 or more, regardless of the amount of income that is not subject to withholding. Use form NC-40 to make estimated tax payments.

Your estimated tax is the amount of income tax you expect to owe, minus the tax you expect to have withheld plus any tax credits. Estimate your tax carefully to avoid having to pay a large balance and to avoid a penalty for underpayment of estimated income tax.

For calendar year filers, estimated payments are due April 15, June 15, September 15 of the taxable year and January 15 of the following year. If you file your income tax return by January 31 of the following year and pay your entire balance, you do not have to make the January 15 payment.

If you do not make the required estimated payments you will be subject to the underpayment of estimated tax penalty. Use Form D-422, Underpayment of Estimated Tax by Individuals, to compute the penalty. An underpayment of estimated tax penalty does not apply if you had no tax liability for the previous year.

If you are a farmer or fisherman and you file your return and pay the total tax on or before March 1, you do not have to make estimated payments.

Send your estimated tax payments with Form NC-40. These forms can also be obtained by calling the North Carolina Department of Revenue forms number (919) 715-0397.

Paid With Extension
If you filed an automatic extension of time, enter the amount of North Carolina tax paid with the extension.

Please remember that an extension only gives you additional time to file without penalty. Any taxes owed are due by April 15th.

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