Article: 50107
Overview
Taxpayers use Form 1040-ES to figure and pay their estimated tax.
Estimated tax is the method used to pay tax on income that is not subject to withholding (for example, earnings from self-employment, interest, dividends, rents, alimony, etc.). In addition, if you do not elect voluntary withholding, you should make estimated tax payments on other taxable income, such as unemployment compensation and the taxable part of your social security benefits.
Add Form 1040-ES
To find Form 1040-ES – Estimated Taxes:
- Go to Federal Taxes > Review.
- Click the link I’d like to see the forms I’ve filled out or search for a form.
- Click on the Taxes tab.
- Click on Form 1040-ES – Estimated Taxes to add and open the form.
Overpayments
At the top of the form, under the Federal section, enter your prior-year overpayment amount in the box Overpayment applied from 2023.
To apply any portion of your overpayment (refund) from this year’s federal return to next year’s return, enter an amount in the box Overpayment applied to 2025.
Enter Federal Estimated Tax Payments
Near the top of your 1040-ES, use the section Estimated Taxes Already Paid For This Year to enter the Date paid and Amount paid for quarters 1-4.
Estimated Tax Vouchers for Next Year
In the lower half of the screen, below the state estimated payments section for current year, locate the section Estimated Taxes To Be Paid Next Year. For each quarter, enter an Estimate amount to generate a voucher for that quarter. If needed, enter an amount in the Overpayment box to apply a portion of your overpayment to that quarter.
Estimated Tax Payments (State)
Below the federal estimated tax payment section, use the State and City section to enter:
- State/City
-
Type of Estimate
- LLC Number (if applicable)
- Date paid and Amount Paid (for each quarter)
Estimated Tax Vouchers (State)
To generate state estimated tax vouchers, scroll to the bottom of the page and use the section Estimated Taxes To Be Paid Next Year. For each quarter, enter an Estimate amount to generate a voucher for that quarter. If needed, enter an amount in the Overpayment box to apply a portion of your overpayment to that quarter.
Overpayments (State)
In the upper half of the form, below the federal estimated payments section, you will find this state information section; you will enter your prior-year state overpayment in the field Overpayment applied from 2023.
To apply a portion (or all) of your state overpayment (refund) to next year’s return, scroll to the lower quarter of the screen. In the state voucher section, enter the amount in the box Overpayment applied to 2025.