Estimated Tax

How to use IRS form 1040-ES for estimated tax?

The IRS tax form 1040-ES is used to estimate your taxes owed to the IRS. There are four vouchers on the IRS tax form 1040-ES and you are supposed to fill out each one and file by:

• April 15th
• June 15th
• September 15th, and
• January 15th

What does the estimated tax payment include?

The estimated tax payment includes federal income tax and self employment tax.

Will I receive the IRS tax form 1040-ES in the mail each year?

After the first estimated tax filing, you will receive the IRS tax form 1040-ES each year. Make sure the IRS has your updated address to send the form. The estimated tax worksheet is handy and you can use it to calculate your estimated taxes owed to the IRS. When the actual taxes owed is known, you should revise the estimated tax worksheets so that your estimated tax worksheet reflects the most accurate tax calculation owed to the IRS.