The 1040 is the standard form to fill out for personal income taxes.
The 1040-EZ is for people with no children (dependents).
The 1040-ES is used to calculate the estimated tax for individuals with income not already subject to withholdings, such as income from business profits for a self-employed person.
1040-ES Instructions for 2014 Summary
- Maximum amount of earned income (wages and net earnings from self-employment) subject to the social security tax is $117,000.
- The rate for business use of your vehicle is 56 cents per mile.
- Payments; 4/15/2014, 6/16/2014, 9/15/14, 1/15/15. You don't have to make 1/15/15 payment if you file by 2/215 and pay balance. If you file on 4/15/15 then any balance due should be paid at that time.
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