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Form 1040-ES
If you're self-employed, have freelance income or any sort of income where taxes weren't withheld, then YES you need to file the 1040 ES every quarter!
Since your employer is no longer withholding your income taxes, you are now required to handle this on your own by making estimated tax payments each quarter. Instead of paying an annual tax return, you now must file your taxes more frequently, each quarter, or roughly every 3 months. This can be completely new and confusing. There are now many deadlines to keep track of and new information to learn in order to avoid any penalties. Unlike the Form 1040, the 1040-ES (ES meaning estimated taxes) is filed more than once and year, and is part of the process of paying quarterly taxes. Read along to learn how estimated taxes work, determine if you do need to file 1040-ES and ensure you understand the ES-1040 form.
Table of contents
What is the 1040 ES form?...Read more
Who should file the IRS form 1040-ES?...Read more
What exactly are estimated taxes, anyway?...Read more
What are the criteria to pay estimated taxes?...Read more
How to calculate estimated taxes...Read more
Can estimated taxes be avoided?...Read more
How to file a 1040ES?...Read more
Due dates for 1040-ES 2022 estimated taxes...Read more
Where to get the latest 1040 ES form?...Read more
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