I became a Freelancer as of January of 2019 and wasn't aware that I had to make quarterly payments throughout the year. However, I have saved up a good amount of funds to hopefully cover any fees (if any).
I have the following questions for 1040 Estimated Tax form. I've completed Schedule C and am I'm trying to complete 1040 ES to figure out my dues and am stuck on the 4 lines below.
Line 2a- Deduductions: Where Do I find this information? Are they in various sections of 1040?
Line 7 - Credits is this on line 12a of 1040?
Line 10. Other Taxes? What taxes are these referencing and where on 1040 would I find these?
Line 11 b - If I have 2 children and we claim the Child Credit ($2,000) plus the ATC do I enter only $2,000 or $4,000?
Any help would be greatly appreciated.
Thanks!
