If you are an employee, you can complete the form W4 and hand it over to your payroll department. Your employer will withhold taxes for you.
If you are self-employed or as a 1099 contractor, then you need to calculate your estimated taxes 1040-ES is the form.
We highly recommend contacting a CPA or tax professional so they can help you with the estimation. This will help you avoid paying unnecessary penalties and interest.
Posted In: TaxGo Back