500-ES: Individual and Fiduciary Estimated Tax Payment Voucher (2024)
Georgia · Georgia DOR · Used for tax years 2024
Georgia Form 500-ES is an estimated income tax payment voucher for individuals and fiduciaries. It identifies the taxpayer, tax year, quarter, due date, and amount paid.
Who files this form
Individuals and fiduciaries subject to Georgia income tax must file estimated tax if they reasonably expect their gross income for the year to exceed the total of:
- Personal exemptions.
- Credits for dependents.
- Estimated deductions.
- $1,000 of income not subject to withholding.
The form notes that personal exemptions for yourself and your spouse no longer apply after December 31, 2023.
Estimated tax is not required if an employer and employee agree to additional withholding that covers income that would otherwise require estimated tax payments.
Special rules apply to farmers and fishermen whose farming or fishing income is at least two-thirds of their total gross income. They may follow the regular estimated tax rules or use the return-and-payment option described under deadlines.
A decedent’s estate or a testamentary trust defined in IRC Section 6654(l)(2)(B) does not have to pay estimated tax for a taxable year ending before the date two years after the decedent’s death.
When it's due
For tax year 2024, calendar-year taxpayers may pay their estimated tax in full with the first required installment or in equal installments due:
- April 15, 2024.
- June 15, 2024.
- September 15, 2024.
- January 15, 2025.
If a due date falls on a weekend or holiday, payment is due on the next day that is not a weekend or holiday.
For taxpayers other than farmers and fishermen, the first filing is generally due April 15. For tax year 2024, if you first meet the filing requirements later:
- On or after April 1 but before June 1: file by June 15, 2024.
- On or after June 1 but before September 1: file by September 15, 2024.
- On or after September 1: file by January 15, 2025.
For tax year 2024, qualifying farmers and fishermen may instead file their return and pay the full tax due by March 1 of the following year.
Fiscal-year filers must adjust the dates to the corresponding dates for their fiscal year.
What you'll need
Have these details available to complete the worksheet and voucher:
- Individual or fiduciary name and mailing address.
- Taxpayer’s Social Security number or fiduciary’s FEIN, and spouse’s Social Security number if applicable.
- Type of return and any address change.
- Tax year or fiscal year ending, quarter, and due date.
- Amount being paid.
Use the estimated tax computation schedule and tax rate schedules in the Georgia Tax Booklet to calculate your payment.
For a mailed payment, send only the completed payment voucher and your check or money order. Keep the worksheet and instructions with your records.
How to file
- Use the schedule in the Tax Booklet to calculate your estimated tax. The form identifies Line 15 as your estimated tax for the year. Divide that amount by the number of quarters of liability to calculate the quarterly payment.
- Complete the worksheet to automatically create the payment voucher. The form directs you to use the latest version of Adobe Reader, available free.
- Click “Print” to print the completed voucher, then cut it along the dotted line.
- Make your check or money order payable to Georgia Department of Revenue.
- Mail only the voucher and payment to:
Processing Center
Georgia Department of Revenue
PO Box 740319
Atlanta, Georgia 30374-0319
You may also pay estimated tax by credit card. The form directs you to dor.georgia.gov for more information.
Common mistakes
- Mailing the worksheet or instructions: Keep them for your records. Mail only the voucher and payment.
- Folding or fastening mailed items: Do not fold, staple, or paper clip them.
- Leaving check stubs attached: Remove all attached check stubs.
- Underpaying installments: The form warns that underpayment may result in additional penalty charges. Willful failure to pay estimated tax constitutes a misdemeanor.
Questions people ask
Why do I pay estimated tax?
Estimated tax lets taxpayers pay income tax during the year on income that is not subject to withholding.
Do I still need to file an annual return?
Yes. The form says taxpayers must also file an annual return and claim credit for amounts paid or credited toward estimated tax.
Can I pay the entire estimated tax at once?
Yes. You may pay in full with your first required installment instead of paying in equal installments.
Can extra withholding replace estimated tax payments?
Yes. Estimated tax is not required if an employer and employee agree to additional withholding that covers income that would normally require estimated tax.
Can I pay by credit card?
Yes. Visit dor.georgia.gov for more information.