Line 14 (a and b) is where you enter your total tax for the year, taking into account deductions and credits. Line 9 is where you enter your self-employment tax, which is usually 15.3% of your gross income. You’ll figure these out by referencing the 2023 tax rate schedules (covered below). Line 4 is where you’ll enter your estimated taxes for the year, before deductions or credits. Otherwise, you can use your standard deduction here. If you’re planning to itemize deductions, you may want to base your estimate on last year’s total amount. Using our guide to estimated quarterly taxes, plus the Form 1040-ES worksheet, you can estimate your tax payments for the year. So long as you have all your financial info for the previous year-ideally provided by a professional bookkeeper-you should be good to go. Here’s what the Form 1040-ES worksheet looks like: Payments through third parties may have earlier cutoff times please check with them for their deadlines.How to fill out the Form 1040-ES worksheet Please note: These options may result in fees from the providers. If you are required to make deposits electronically but do not wish to use the EFTPS® tax payment service yourself, ask your financial institution about ACH Credit or same-day wire payments, or consult a tax professional or payroll provider about making payments for you. You may use this Web site and our voice response system (1.800.555.3453) interchangeably to make payments. This EFTPS® tax payment service Web site supports Microsoft Internet Explorer for Windows, Google Chrome for Windows and Mozilla Firefox for Windows. The funds will move out of your banking account on the date you select for settlement. ET the day before the due date to be received timely by the IRS.

Payments using this Web site or our voice response system must be scheduled by 8 p.m. Mail in five to seven business days at your IRS address of record.

After this process is complete you will receive a personal identification number (PIN) via U.S. If this is your first time enrolling in EFTPS®, your information will need to be validated with the IRS. To enroll, click on Enrollment at the top of this page and follow the steps. Report all unsolicited email claiming to be from the IRS or an IRS-related function to must be enrolled to use the EFTPS® tax payment service.

Taxpayers will only receive an email from EFTPS if they have opted in for email notifications when they sign up for email through EFTPS. The IRS continues to remind taxpayers to watch out for email schemes.

1040 es download