File your Taxes for Free!
  • Get your maximum refund*
  • 100% accurate calculations guaranteed*

TurboTax Federal Free Edition - File Taxes Online

Don't let filing your taxes get you down! We'll help make it as easy as possible. With e-file and direct deposit, there's no faster way to get your refund!

Approved TurboTax Affiliate Site. TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.


© 2012 - 2018 All rights reserved.

This is an Approved TurboTax Affiliate site. TurboTax and TurboTax Online, among other are registered trademarks and/or service marks of Intuit, Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.
When discussing "Free e-file", note that state e-file is an additional fee. E-file fees do not apply to New York state returns. Prices are subject to change without notice. E-file and get your refund faster
*If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
*Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Federal Free Edition customers are entitled to payment of $14.99 and a refund of your state purchase price paid. Claims must be submitted within sixty (60) days of your TurboTax filing date and no later than 6/15/14. E-file, Audit Defense, Professional Review, Refund Transfer and technical support fees are excluded. This guarantee cannot be combined with the TurboTax Satisfaction (Easy) Guarantee. *We're so confident your return will be done right, we guarantee it. Accurate calculations guaranteed. If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
https://turbotax.intuit.com/corp/guarantees.jsp

For 1040x

Amend Federal ReturnState Tax Forms 2012Efile 2012 TaxesFree 2012 Tax Return SoftwareHow Can I File My 2011 Taxes For FreeFree Printable Tax FormsIrs 1040xCan I Refile My TaxesHr Block Tax Cut2012income TaxFree File Fillable Forms 20122011 Ez Tax FormIrs Tax Tables 1040ezEz 1040 FormHow Do I Amend My Tax Return1040 Ez File OnlineHow Can I File My 2011 Tax Return1040ez Income Tax FormIrs 1040x FormsCan I File 2011 Taxes Online2005 Tax Return Software FreeAmendment Tax Return FormWww Hr Block ComHow To File 1040x ElectronicallyTax Adjustment FormH And R Block Free File OnlineAmended Tax ReturnFree Irs Tax Filing 2012Free State Tax Efile For Low IncomeHow Can I File State Taxes For Free1040ez Form1040ez 2013Self Employed Tax FilingNeed To File A 2011 Tax ReturnTax Breaks For Unemployed1040a 20122011 Federal Tax FormsFederal Income Tax Rates 2012Irs Federal Tax Tables 2012Freestatetax

For 1040x

For 1040x Index A Accounting methods Accrual method, Accrual Method Cash method, Cash Method Change in, Change in Accounting Method Methods you can use, Methods you can use. For 1040x Accounting periods 52-53 week tax year, 52-53-Week Tax Year Business purpose tax year, Business Purpose Tax Year Calendar year, Calendar Year Improper tax year, Improper Tax Year Partnerships, Partnership Accrual method Expenses, Expenses Income, Income Advance payments, Advance Payment for Services Sales, Advance Payment for Sales Services, Advance Payment for Services Assistance (see Tax help) B Business purpose tax year, Business Purpose Tax Year C Calendar year, Calendar Year Cash method, Income Expenses, Expenses Income, Income Change, accounting method, Change to accrual method. For 1040x , Change in Accounting Method Comments on publication, Comments and suggestions. For 1040x Constructive receipt of income, Constructive receipt. For 1040x Corporation tax periods, Corporations (Other Than S Corporations and PSCs) Cost identification, Identifying Cost D Death of individual, short period return, Death of individual. For 1040x E Economic performance, Economic Performance Excluded entities, cash method, Excluded Entities F Fiscal year, Fiscal Year Form 1128, Improper Tax Year, Change in Tax Year 8716, Making the election. For 1040x , Making back-up election. For 1040x 8752, Required payment for partnership or S corporation. For 1040x , Activating election. For 1040x 970, Adopting LIFO method. For 1040x Free tax services, How To Get Tax Help H Help (see Tax help) I Inventories Cost identification, Identifying Cost FIFO, FIFO Method LIFO, LIFO Method Lower of cost or market, Lower of Cost or Market Method Perpetual or book, Perpetual or Book Inventory Retail method, Retail Method Specific identification, Specific Identification Method Uniform capitalization rules, Inventories. For 1040x Valuing, Valuing Inventory M More information (see Tax help) P Partnerships, Partnership Personal service corporation, Partnerships, S Corporations, and Personal Service Corporations (PSCs) Limit, use of cash method, Qualified PSC. For 1040x Required tax year, Partnerships, S Corporations, and Personal Service Corporations (PSCs), Personal Service Corporation (PSC) Publications (see Tax help) R Related persons, Related Persons S S corporations, S Corporation Section 444 election, Section 444 Election Short period return, Short period return. For 1040x Short tax year, Short Tax Year Suggestions for publication, Comments and suggestions. For 1040x T Tax help, How To Get Tax Help Tax year Change in, Change in Tax Year Corporations, Corporations (Other Than S Corporations and PSCs) Fiscal year, Fiscal Year Personal service corporation, Personal Service Corporation (PSC) S corporations, S Corporation Section 444 election, Section 444 Election Short tax year, Short Tax Year Taxpayer Advocate, Taxpayer Advocate Service. For 1040x TTY/TDD information, How To Get Tax Help U Uniform capitalization rules Exceptions, Exceptions. For 1040x General rules, Uniform Capitalization Rules Prev  Up     Home   More Online Publications
Español

Air Travel

Find travel warnings, air travel security tips, real-time airport status, and more.

The For 1040x

For 1040x 2. For 1040x   Estimated Tax for 2014 Table of Contents Introduction Topics - This chapter discusses: Useful Items - You may want to see: Who Does Not Have To Pay Estimated Tax Who Must Pay Estimated TaxGeneral Rule Married Taxpayers Special Rules Aliens Estates and Trusts How To Figure Estimated Tax2014 Estimated Tax Worksheet When To Pay Estimated TaxWhen To Start Farmers and Fishermen How To Figure Each PaymentRegular Installment Method Annualized Income Installment Method Estimated Tax Payments Not Required How To Pay Estimated TaxCredit an Overpayment Pay Online Pay by Phone Pay by Check or Money Order Using the Estimated Tax Payment Voucher Introduction Estimated tax is the method used to pay tax on income that is not subject to withholding. For 1040x This includes income from self-employment, interest, dividends, alimony, rent, gains from the sale of assets, prizes, and awards. For 1040x You also may have to pay estimated tax if the amount of income tax being withheld from your salary, pension, or other income is not enough. For 1040x Estimated tax is used to pay both income tax and self-employment tax, as well as other taxes and amounts reported on your tax return. For 1040x If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty. For 1040x If you do not pay enough by the due date of each payment period (see When To Pay Estimated Tax , later), you may be charged a penalty even if you are due a refund when you file your tax return. For 1040x For information on when the penalty applies, see chapter 4. For 1040x It would be helpful for you to have a copy of your 2013 tax return and an estimate of your 2014 income nearby while reading this chapter. For 1040x Topics - This chapter discusses: Who must pay estimated tax, How to figure estimated tax (including illustrated examples), When to pay estimated tax, How to figure each payment, and How to pay estimated tax. For 1040x Useful Items - You may want to see: Form (and Instructions) 1040-ES Estimated Tax for Individuals See chapter 5 for information about how to get this publication and form. For 1040x Worksheets. For 1040x   You may need to use several of the blank worksheets included in this chapter. For 1040x See Worksheets for Chapter 2, later, to locate what you need. For 1040x Who Does Not Have To Pay Estimated Tax If you receive salaries and wages, you may be able to avoid paying estimated tax by asking your employer to take more tax out of your earnings. For 1040x To do this, file a new Form W-4 with your employer. For 1040x See chapter 1. For 1040x Estimated tax not required. For 1040x   You do not have to pay estimated tax for 2014 if you meet all three of the following conditions. For 1040x You had no tax liability for 2013. For 1040x You were a U. For 1040x S. For 1040x citizen or resident alien for the whole year. For 1040x Your 2013 tax year covered a 12-month period. For 1040x   You had no tax liability for 2013 if your total tax (defined later under Total tax for 2013—line 14b ) was zero or you did not have to file an income tax return. For 1040x Please click here for the text description of the image. For 1040x Figure 2-A: Do You Have To Pay Estimated Tax? Who Must Pay Estimated Tax If you owed additional tax for 2013, you may have to pay estimated tax for 2014. For 1040x You can use the following general rule as a guide during the year to see if you will have enough withholding, or should increase your withholding or make estimated tax payments. For 1040x General Rule In most cases, you must pay estimated tax for 2014 if both of the following apply. For 1040x You expect to owe at least $1,000 in tax for 2014, after subtracting your withholding and refundable credits. For 1040x You expect your withholding and refundable credits to be less than the smaller of: 90% of the tax to be shown on your 2014 tax return, or 100% of the tax shown on your 2013 tax return. For 1040x Your 2013 tax return must cover all 12 months. For 1040x Note. For 1040x The percentages in (2a) or (2b) above may be different if you are a farmer, fisherman, or higher income taxpayer. For 1040x See Special Rules , later. For 1040x If the result from using the general rule above suggests that you will not have enough withholding, complete the 2014 Estimated Tax Worksheet for a more accurate calculation. For 1040x Figure 2-A takes you through the general rule. For 1040x You may find this helpful in determining if you must pay estimated tax. For 1040x If all your income will be subject to income tax withholding, you probably do not need to pay estimated tax. For 1040x Example 1. For 1040x Jane Smart uses Figure 2-A and the following information to figure whether she should pay estimated tax for 2014. For 1040x She files as head of household claiming her dependent son, takes the standard deduction, and expects no refundable credits for 2014. For 1040x Expected adjusted gross income (AGI) for 2014 $82,800 AGI for 2013 $73,700 Total tax on 2013 return (Form 1040,  line 61) $  8,746 Total 2014 estimated tax (line 13c of the 2014 Estimated Tax Worksheet) $11,015 Tax expected to be withheld in 2014 $10,000 Jane's answer to Figure 2-A, box 1, is YES; she expects to owe at least $1,000 for 2014 after subtracting her withholding from her expected total tax ($11,015 − $10,000 = $1,015). For 1040x Her answer to box 2a is YES; she expects her income tax withholding ($10,000) to be at least 90% of the tax to be shown on her 2014 return ($11,015 × 90% = $9,913. For 1040x 50). For 1040x Jane does not need to pay estimated tax. For 1040x Example 2. For 1040x The facts are the same as in Example 1, except that Jane expects only $8,700 tax to be withheld in 2014. For 1040x Because that is less than $9,913. For 1040x 50, her answer to box 2a is NO. For 1040x Jane's answer to box 2b is also NO; she does not expect her income tax withholding ($8,700) to be at least 100% of the total tax shown on her 2013 return ($8,746). For 1040x Jane must increase her withholding or pay estimated tax for 2014. For 1040x Example 3. For 1040x The facts are the same as in Example 2, except that the total tax shown on Jane's 2013 return was $8,600. For 1040x Because she expects to have more than $8,600 withheld in 2014 ($8,700), her answer to box 2b is YES. For 1040x Jane does not need to pay estimated tax for 2014. For 1040x Married Taxpayers If you qualify to make joint estimated tax payments, apply the rules discussed here to your joint estimated income. For 1040x You and your spouse can make joint estimated tax payments even if you are not living together. For 1040x However, you and your spouse cannot make joint estimated tax payments if: You are legally separated under a decree of divorce or separate maintenance, You and your spouse have different tax years, Either spouse is a nonresident alien (unless that spouse elected to be treated as a resident alien for tax purposes). For 1040x See Choosing Resident Alien Status in Publication 519, or Individuals of the same sex and opposite sex who are in registered domestic partnerships, civil unions, or other similar formal relationships that are not marriages under state law cannot make joint estimated tax payments. For 1040x These individuals can take credit only for the estimated tax payments that he or she made. For 1040x If you and your spouse cannot make joint estimated tax payments, apply these rules to your separate estimated income. For 1040x Making joint or separate estimated tax payments will not affect your choice of filing a joint tax return or separate returns for 2014. For 1040x 2013 separate returns and 2014 joint return. For 1040x   If you plan to file a joint return with your spouse for 2014, but you filed separate returns for 2013, your 2013 tax is the total of the tax shown on your separate returns. For 1040x You filed a separate return if you filed as single, head of household, or married filing separately. For 1040x 2013 joint return and 2014 separate returns. For 1040x   If you plan to file a separate return for 2014, but you filed a joint return for 2013, your 2013 tax is your share of the tax on the joint return. For 1040x You file a separate return if you file as single, head of household, or married filing separately. For 1040x   To figure your share of the tax on a joint return, first figure the tax both you and your spouse would have paid had you filed separate returns for 2013 using the same filing status for 2014. For 1040x Then multiply the tax on the joint return by the following fraction. For 1040x      The tax you would have paid had you filed a separate return   The total tax you and your spouse would have paid had you filed separate returns Example. For 1040x Joe and Heather filed a joint return for 2013 showing taxable income of $48,500 and a tax of $6,386. For 1040x Of the $48,500 taxable income, $40,100 was Joe's and the rest was Heather's. For 1040x For 2014, they plan to file married filing separately. For 1040x Joe figures his share of the tax on the 2013 joint return as follows: Tax on $40,100 based on separate return $5,960 Tax on $8,400 based on separate return 843 Total $6,803 Joe's percentage of total ($5,960 ÷ $6,803) 87. For 1040x 6% Joe's share of tax on joint return  ($6,386 × 87. For 1040x 6%) $5,594 Special Rules There are special rules for farmers, fishermen, and certain higher income taxpayers. For 1040x Farmers and Fishermen If at least two-thirds of your gross income for 2013 or 2014 is from farming or fishing, substitute 662/3% for 90% in (2a) under General Rule , earlier. For 1040x Gross income. For 1040x   Your gross income is all income you receive in the form of money, goods, property, and services that is not exempt from tax. For 1040x To determine whether two-thirds of your gross income for 2013 was from farming or fishing, use as your gross income the total of the income (not loss) amounts. For 1040x Joint returns. For 1040x   On a joint return, you must add your spouse's gross income to your gross income to determine if at least two-thirds of your total gross income is from farming or fishing. For 1040x Gross income from farming. For 1040x   This is income from cultivating the soil or raising agricultural commodities. For 1040x It includes the following amounts. For 1040x Income from operating a stock, dairy, poultry, bee, fruit, or truck farm. For 1040x Income from a plantation, ranch, nursery, range, orchard, or oyster bed. For 1040x Crop shares for the use of your land. For 1040x Gains from sales of draft, breeding, dairy, or sporting livestock. For 1040x   For 2013, gross income from farming is the total of the following amounts. For 1040x Schedule F (Form 1040), Profit or Loss From Farming, line 9. For 1040x Form 4835, Farm Rental Income and Expenses, line 7. For 1040x Your share of the gross farming income from a partnership, S corporation, estate or trust, from: Schedule K-1 (Form 1065), Schedule K-1 (Form 1120S), or Schedule K-1 (Form 1041). For 1040x Your gains from sales of draft, breeding, dairy, or sporting livestock shown on Form 4797, Sales of Business Property. For 1040x   Wages you receive as a farm employee and wages you receive from a farm corporation are not gross income from farming. For 1040x Gross income from fishing. For 1040x   This is income from catching, taking, harvesting, cultivating, or farming any kind of fish, shellfish (for example, clams and mussels), crustaceans (for example, lobsters, crabs, and shrimp), sponges, seaweeds, or other aquatic forms of animal and vegetable life. For 1040x   Gross income from fishing includes the following amounts. For 1040x Schedule C (Form 1040), Profit or Loss From Business. For 1040x Income for services as an officer or crew member of a vessel while the vessel is engaged in fishing. For 1040x Your share of the gross fishing income from a partnership, S corporation, estate or trust, from: Schedule K-1 (Form 1065), Schedule K-1 (Form 1120S), or Schedule K-1 (Form 1041). For 1040x Certain taxable interest and punitive damage awards received in connection with the Exxon Valdez litigation. For 1040x Income for services normally performed in connection with fishing. For 1040x Services normally performed in connection with fishing include: Shore service as an officer or crew member of a vessel engaged in fishing, and Services that are necessary for the immediate preservation of the catch, such as cleaning, icing, and packing the catch. For 1040x Higher Income Taxpayers If your AGI for 2013 was more than $150,000 ($75,000 if your filing status for 2014 is married filing a separate return), substitute 110% for 100% in (2b) under General Rule , earlier. For 1040x For 2013, AGI is the amount shown on Form 1040, line 37; Form 1040A, line 21; and Form 1040EZ, line 4. For 1040x Note. For 1040x This rule does not apply to farmers and fishermen. For 1040x Aliens Resident and nonresident aliens also may have to pay estimated tax. For 1040x Resident aliens should follow the rules in this publication, unless noted otherwise. For 1040x Nonresident aliens should get Form 1040-ES (NR), U. For 1040x S. For 1040x Estimated Tax for Nonresident Alien Individuals. For 1040x You are an alien if you are not a citizen or national of the United States. For 1040x You are a resident alien if you either have a green card or meet the substantial presence test. For 1040x For more information about withholding, the substantial presence test, and Form 1040-ES (NR), see Publication 519. For 1040x Estates and Trusts Estates and trusts also must pay estimated tax. For 1040x However, estates (and certain grantor trusts that receive the residue of the decedent's estate under the decedent's will) are exempt from paying estimated tax for the first 2 years after the decedent's death. For 1040x Estates and trusts must use Form 1041-ES, Estimated Income Tax for Estates and Trusts, to figure and pay estimated tax. For 1040x How To Figure Estimated Tax To figure your estimated tax, you must figure your expected AGI, taxable income, taxes, deductions, and credits for the year. For 1040x When figuring your 2014 estimated tax, it may be helpful to use your income, deductions, and credits for 2013 as a starting point. For 1040x Use your 2013 federal tax return as a guide. For 1040x You can use Form 1040-ES to figure your estimated tax. For 1040x Nonresident aliens use Form 1040-ES (NR) to figure estimated tax. For 1040x You must make adjustments both for changes in your own situation and for recent changes in the tax law. For 1040x Some of these changes are discussed under What's New for 2014 , earlier. For 1040x For information about these and other changes in the law, visit the IRS website at IRS. For 1040x gov. For 1040x The instructions for Form 1040-ES include a worksheet to help you figure your estimated tax. For 1040x Keep the worksheet for your records. For 1040x 2014 Estimated Tax Worksheet Use Worksheet 2-1 to help guide you through the information about completing the 2014 Estimated Tax Worksheet. For 1040x You can also find a copy of the worksheet in the Instructions for Form 1040-ES. For 1040x Expected AGI—Line 1 Your expected AGI for 2014 (line 1) is your expected total income minus your expected adjustments to income. For 1040x Total income. For 1040x   Include in your total income all the income you expect to receive during the year, even income that is subject to withholding. For 1040x However, do not include income that is tax exempt. For 1040x   Total income includes all income and loss for 2014 that, if you had received it in 2013, would have been included on your 2013 tax return in the total on line 22 of Form 1040, line 15 of Form 1040A, or line 4 of Form 1040EZ. For 1040x Social security and railroad retirement benefits. For 1040x If you expect to receive social security or tier 1 railroad retirement benefits during 2014, use Worksheet 2-2 to figure the amount of expected taxable benefits you should include on line 1. For 1040x Adjustments to income. For 1040x   Be sure to subtract from your expected total income all of the adjustments you expect to take on your 2014 tax return. For 1040x Self-employed. For 1040x If you expect to have income from self-employment, use Worksheet 2-3 to figure your expected self-employment tax and your allowable deduction for self-employment tax. For 1040x Include the amount from Worksheet 2-3 in your expected adjustments to income. For 1040x If you file a joint return and both you and your spouse have net earnings from self-employment, each of you must complete a separate worksheet. For 1040x Expected Taxable Income— Lines 2–5 Reduce your expected AGI for 2014 (line 1) by either your expected itemized deductions or your standard deduction and by your exemptions (lines 2 through 5). For 1040x Itemized deductions—line 2. For 1040x   If you expect to claim itemized deductions on your 2014 tax return, enter the estimated amount on line 2. For 1040x   Itemized deductions are the deductions that can be claimed on Schedule A (Form 1040). For 1040x    For 2014, your total itemized deductions may be reduced if your AGI is more than the amount shown next for your filing status. For 1040x Single $254,200 Married filing jointly or qualifying widow(er) $305,050 Married filing separately $152,525 Head of household $279,650   If you expect your AGI to be more than this amount, use Worksheet 2-5 to figure the amount to enter on line 2. For 1040x Standard deduction—line 2. For 1040x   If you expect to claim the standard deduction on your 2014 tax return, enter the amount on line 2. For 1040x Use Worksheet 2-4 to figure your standard deduction. For 1040x No standard deduction. For 1040x   The standard deduction for some individuals is zero. For 1040x Your standard deduction will be zero if you: File a separate return and your spouse itemizes deductions, Are a dual-status alien, or File a return for a period of less than 12 months because you change your accounting period. For 1040x Exemptions—line 4. For 1040x   After you have subtracted either your expected itemized deductions or your standard deduction from your expected AGI, reduce the amount remaining by $3,950 for each exemption you expect to take on your 2014 tax return. For 1040x If another person (such as your parent) can claim an exemption for you on his or her tax return, you cannot claim your own personal exemption. For 1040x This is true even if the other person will not claim your exemption or the exemption will be reduced or eliminated under the phaseout rule. For 1040x    For 2014, your deduction for personal exemption is reduced if your AGI is more than the amount shown next for your filing status. For 1040x Single $254,200 Married filing jointly or qualifying widow(er) $305,050 Married filing separately $152,525 Head of household $279,650   If you expect your AGI to be more than this amount, use Worksheet 2-6 to figure the amount to enter on line 4. For 1040x Expected Taxes and Credits— Lines 6–13c After you have figured your expected taxable income (line 5), follow the steps next to figure your expected taxes, credits, and total tax for 2014. For 1040x Most people will have entries for only a few of these steps. For 1040x However, you should check every step to be sure you do not overlook anything. For 1040x Step 1. For 1040x   Figure your expected income tax (line 6). For 1040x Generally, you will use the 2014 Tax Rate Schedules, later, to figure your expected income tax. For 1040x   However, see below for situations where you must use a different method to compute your estimated tax. For 1040x Tax on child's investment income. For 1040x   You must use a special method to figure tax on the income of the following children who have more than $2,000 of investment income. For 1040x Children under age 18 at the end of 2014. For 1040x The following children if their earned income is not more than half their support. For 1040x Children age 18 at the end of 2014. For 1040x Children who are full-time students over age 18 and under age 24 at the end of 2014. For 1040x See Publication 929, Tax Rules for Children and Dependents. For 1040x Although the ages and dollar amounts in the publication may be different in the 2014 revision, this reference will give you basic information for figuring the tax. For 1040x Tax on net capital gain. For 1040x   The regular income tax rates for individuals do not apply to a net capital gain. For 1040x Instead, your net capital gain is taxed at a lower maximum rate. For 1040x   The term “net capital gain” means the amount by which your net long-term capital gain for the year is more than your net short-term capital loss. For 1040x Tax on capital gain and qualified dividends. For 1040x If the amount on line 1 includes a net capital gain or qualified dividends, use Worksheet 2-7 to figure your tax. For 1040x Note. For 1040x For 2014, your capital gains and dividends rate will depend on your income. For 1040x Tax if excluding foreign earned income or excluding or deducting foreign housing. For 1040x If you expect to claim the foreign earned income exclusion or the housing exclusion or deduction on Form 2555 or Form 2555-EZ, use Worksheet 2-8 to figure your estimated tax. For 1040x Step 2. For 1040x   Total your expected taxes (line 8). For 1040x Include on line 8 the sum of the following. For 1040x Your tax on line 6. For 1040x Your expected alternative minimum tax (AMT) from Form 6251, or included on Form 1040A. For 1040x Your expected additional taxes from Form 8814, Parents' Election To Report Child's Interest and Dividends, and Form 4972, Tax on Lump-Sum Distributions. For 1040x Any recapture of education credits. For 1040x Step 3. For 1040x   Subtract your expected credits (line 9). For 1040x If you are using your 2013 return as a guide and filed Form 1040, your total credits for 2013 were shown on line 54. For 1040x If you filed Form 1040A, your total credits for 2013 were on line 34. For 1040x   If your credits on line 9 are more than your taxes on line 8, enter “-0-” on line 10 and go to Step 4. For 1040x Step 4. For 1040x   Add your expected self-employment tax (line 11). For 1040x You already should have figured your self-employment tax (see Self-employed under Expected AGI—Line 1, earlier). For 1040x Step 5. For 1040x   Add your expected other taxes (line 12). For 1040x   Other taxes include the following. For 1040x Additional tax on early distributions from: An IRA or other qualified retirement plan, A tax-sheltered annuity, or A modified endowment contract entered into after June 20, 1988. For 1040x Household employment taxes if: You will have federal income tax withheld from wages, pensions, annuities, gambling winnings, or other income, or You would be required to make estimated tax payments even if you did not include household employment taxes when figuring your estimated tax. For 1040x Amounts written on Form 1040 on the line for “other taxes” (line 60 on the 2013 Form 1040). For 1040x But, do not include recapture of a federal mortgage subsidy; tax on excess golden parachute payments; look-back interest due under section 167(g) or 460(b) of the Internal Revenue Code; excise tax on insider stock compensation from an expatriated corporation; uncollected social security and Medicare tax or RRTA tax on tips or group-term life insurance; or additional tax on advance payments of health coverage tax credit when not eligible. For 1040x Repayment of the first-time homebuyer credit. For 1040x See Form 5405. For 1040x Additional Medicare Tax. For 1040x A 0. For 1040x 9% Additional Medicare Tax applies to your combined Medicare wages and self-employment income and/or your RRTA compensation that exceeds the amount listed in the following chart, based on your filing status. For 1040x Filing Status Threshold Amount Married filing jointly $250,000 Married filing separately $125,000 Single $200,000 Head of household $200,000 Qualifying Widow(er) $200,000 Medicare wages and self-employment income are combined to determine if your income exceeds the threshold. For 1040x A self-employment loss should not be considered for purposes of this tax. For 1040x RRTA compensation should be separately compared to the threshold. For 1040x Your employer is responsible for withholding the 0. For 1040x 9% Additional Medicare Tax on Medicare wages or RRTA compensation it pays to you in excess of $200,000 in 2014. For 1040x You should consider this withholding, if applicable, in determining whether you need to make an estimated payment. For 1040x For more information on Additional Medicare Tax, go to IRS. For 1040x gov and enter “Additional Medicare Tax” in the search box. For 1040x Net Investment Income Tax (NIIT). For 1040x The NIIT is 3. For 1040x 8% of the lesser of your net investment income or the excess of your modified adjusted gross income over the amount listed in the following chart, based on your filing status. For 1040x Filing Status Threshold Amount Married filing jointly $250,000 Married filing separately $125,000 Single $200,000 Head of household $200,000 Qualifying Widow(er) $250,000 For more information on Net Investment Income Tax, go to IRS. For 1040x gov and enter “Net Investment Income Tax” in the search box. For 1040x Step 6. For 1040x   Subtract your refundable credit (line 13b). For 1040x   To figure your expected fuel tax credit, do not include fuel tax for the first three quarters of the year that you expect to have refunded to you. For 1040x   The result of steps 1 through 6 is your total estimated tax for 2014 (line 13c). For 1040x Required Annual Payment— Line 14c On lines 14a through 14c, figure the total amount you must pay for 2014, through withholding and estimated tax payments, to avoid paying a penalty. For 1040x General rule. For 1040x   The total amount you must pay is the smaller of: 90% of your total expected tax for 2014, or 100% of the total tax shown on your 2013 return. For 1040x Your 2013 tax return must cover all 12 months. For 1040x Special rules. For 1040x   There are special rules for higher income taxpayers and for farmers and fishermen. For 1040x Higher income taxpayers. For 1040x   If your AGI for 2013 was more than $150,000 ($75,000 if your filing status for 2014 is married filing separately), substitute 110% for 100% in (2) above. For 1040x This rule does not apply to farmers and fishermen. For 1040x For 2013, AGI is the amount shown on Form 1040, line 37; Form 1040A, line 21; and Form 1040EZ, line 4. For 1040x Example. For 1040x   Jeremy Martin's total tax on his 2013 return was $42,581, and his expected tax for 2014 is $71,253. For 1040x His 2013 AGI was $180,000. For 1040x Because Jeremy had more than $150,000 of AGI in 2013, he figures his required annual payment as follows. For 1040x He determines that 90% of his expected tax for 2014 is $64,128 (. For 1040x 90 × $71,253). For 1040x Next, he determines that 110% of the tax shown on his 2013 return is $46,839 (1. For 1040x 10 x $42,581). For 1040x Finally, he determines that his required annual payment is $46,839, the smaller of the two. For 1040x Farmers and fishermen. For 1040x   If at least two-thirds of your gross income for 2013 or 2014 is from farming or fishing, your required annual payment is the smaller of: 662/3% (. For 1040x 6667) of your total tax for 2014, or 100% of the total tax shown on your 2013 return. For 1040x (Your 2013 tax return must cover all 12 months. For 1040x )   For definitions of “gross income from farming” and “gross income from fishing,” see Farmers and Fishermen , under Special Rules discussed earlier. For 1040x Total tax for 2013—line 14b. For 1040x   Your 2013 total tax, if you filed Form 1040, is the amount on line 61 reduced by the following. For 1040x Unreported social security and Medicare tax or RRTA tax from Forms 4137 or 8919 (line 57). For 1040x The following amounts from Form 5329 included on line 58. For 1040x Any tax on excess contributions to IRAs, Archer MSAs, Coverdell education savings accounts, and health savings accounts. For 1040x Any tax on excess accumulations in qualified retirement plans. For 1040x The following write-ins on line 60. For 1040x Excise tax on excess golden parachute payments (identified as “EPP”). For 1040x Excise tax on insider stock compensation from an expatriated corporation (identified as “ISC”). For 1040x Look-back interest due under section 167(g) (identified as “From Form 8866”). For 1040x Look-back interest due under section 460(b) (identified as “From Form 8697”). For 1040x Recapture of federal mortgage subsidy (identified as “FMSR”). For 1040x Additional tax on advance payments of health coverage tax credit when not eligible (identified as “HCTC”). For 1040x Uncollected social security and Medicare tax or RRTA tax on tips or group-term life insurance (identified as “UT”). For 1040x Any refundable credit amounts. For 1040x   If you filed Form 1040A, your 2013 total tax is the amount on line 35 reduced by any refundable credits. For 1040x   If you filed Form 1040EZ, your 2013 total tax is the amount on line 10 reduced by the amount on line 8a. For 1040x Total Estimated Tax Payments Needed—Line 16a Use lines 15 and 16a to figure the total estimated tax you may be required to pay for 2014. For 1040x Subtract your expected withholding from your required annual payment (line 14c). For 1040x You usually must pay this difference in four equal installments. For 1040x See When To Pay Estimated Tax and How To Figure Each Payment . For 1040x You do not have to pay estimated tax if: Line 14c minus line 15 is zero or less, or Line 13c minus line 15 is less than $1,000. For 1040x Withholding—line 15. For 1040x   Your expected withholding for 2014 (line 15) includes the income tax you expect to be withheld from all sources (wages, pensions and annuities, etc. For 1040x ). For 1040x It includes excess social security, and tier 1 railroad retirement tax you expect to be withheld from your wages and compensation. For 1040x For this purpose, you will have excess social security or tier 1 railroad retirement tax withholding for 2014 only if your wages and compensation from two or more employers are more than $117,000. For 1040x See Excess Social Security or Railroad Retirement Tax Withholding in chapter 3. For 1040x   It also includes Additional Medicare Tax you expect to be withheld from your wages or compensation. For 1040x Your employer is responsible for withholding the 0. For 1040x 9% Additional Medicare Tax on Medicare wages or RRTA compensation it pays to you in excess of $200,000. For 1040x When To Pay Estimated Tax For estimated tax purposes, the year is divided into four payment periods. For 1040x Each period has a specific payment due date. For 1040x If you do not pay enough tax by the due date of each of the payment periods, you may be charged a penalty even if you are due a refund when you file your income tax return. For 1040x If a payment is mailed, the date of the U. For 1040x S. For 1040x postmark is considered the date of payment. For 1040x The payment periods and due dates for estimated tax payments are shown next. For 1040x For exceptions to the dates listed, see Saturday, Sunday, holiday rule below. For 1040x For the period: Due date: Jan. For 1040x 11 – March 31 April 15 April 1 – May 31 June 16 June 1 – August 31 September 15 Sept. For 1040x 1 – Dec. For 1040x 31 January 15  next year2 1If your tax year does not begin on January 1,  see Fiscal year taxpayers . For 1040x 2See January payment . For 1040x Saturday, Sunday, holiday rule. For 1040x   If the due date for an estimated tax payment falls on a Saturday, Sunday, or legal holiday, the payment will be on time if you make it on the next day that is not a Saturday, Sunday, or a holiday. For 1040x January payment. For 1040x   If you file your 2014 Form 1040 or Form 1040A by February 2, 2015, and pay the rest of the tax you owe, you do not need to make the payment due on January 15, 2015. For 1040x Example. For 1040x Janet Adams does not pay any estimated tax for 2014. For 1040x She files her 2014 income tax return and pays the balance due shown on her return on January 26, 2015. For 1040x Janet's estimated tax for the fourth payment period is considered to have been paid on time. For 1040x However, she may owe a penalty for not making the first three estimated tax payments, if required. For 1040x Any penalty for not making those payments will be figured up to January 26, 2015. For 1040x Fiscal year taxpayers. For 1040x   If your tax year does not start on January 1, your payment due dates are: The 15th day of the 4th month of your fiscal year, The 15th day of the 6th month of your fiscal year, The 15th day of the 9th month of your fiscal year, and The 15th day of the 1st month after the end of your fiscal year. For 1040x   You do not have to make the last payment listed above if you file your income tax return by the last day of the first month after the end of your fiscal year and pay all the tax you owe with your return. For 1040x When To Start You do not have to make estimated tax payments until you have income on which you will owe income tax. For 1040x If you have income subject to estimated tax during the first payment period, you must make your first payment by the due date for the first payment period. For 1040x You have several options when paying estimated taxes. For 1040x You can: apply an overpayment from the previous tax year, pay all your estimated tax by the due date of your first payment, or pay it in installments. For 1040x If you choose to pay in installments, make your first payment by the due date for the first payment period. For 1040x Make your remaining installment payments by the due dates for the later periods. For 1040x To avoid any estimated tax penalties, all installments must be paid by their due date and for the required amount. For 1040x No income subject to estimated tax during first period. For 1040x   If you do not have income subject to estimated tax until a later payment period, you must make your first payment by the due date for that period. For 1040x You can pay your entire estimated tax by the due date for that period or you can pay it in installments by the due date for that period and the due dates for the remaining periods. For 1040x Table 2-1 shows the dates for making installment payments. For 1040x    Table 2-1. For 1040x Due Dates for Estimated Tax Installment Payments If you first have income on which you must pay estimated tax: Make a payment  by:* Make later  installments  by:* Before April 1 April 15 June 16     Sept. For 1040x 15     Jan. For 1040x 15 next year April 1–May 31 June 16 Sept. For 1040x 15     Jan. For 1040x 15 next year June 1–Aug. For 1040x 31 Sept. For 1040x 15 Jan. For 1040x 15 next year After Aug. For 1040x 31 Jan. For 1040x 15 next year (None) *See January payment and Saturday, Sunday, holiday rule . For 1040x How much to pay to avoid penalty. For 1040x   To determine how much you should pay by each payment due date, see How To Figure Each Payment , later. For 1040x Farmers and Fishermen If at least two-thirds of your gross income for 2013 or 2014 is from farming or fishing, you have only one payment due date for your 2014 estimated tax, January 15, 2015. For 1040x The due dates for the first three payment periods, discussed under When To Pay Estimated Tax , earlier, do not apply to you. For 1040x If you file your 2014 Form 1040 by March 2, 2015, and pay all the tax you owe at that time, you do not need to make an estimated tax payment. For 1040x Fiscal year farmers and fishermen. For 1040x   If you are a farmer or fisherman, but your tax year does not start on January 1, you can either: Pay all your estimated tax by the 15th day after the end of your tax year, or File your return and pay all the tax you owe by the 1st day of the 3rd month after the end of your tax year. For 1040x How To Figure Each Payment After you have figured your total estimated tax, figure how much you must pay by the due date of each payment period. For 1040x You should pay enough by each due date to avoid a penalty for that period. For 1040x If you do not pay enough during any payment period, you may be charged a penalty even if you are due a refund when you file your tax return. For 1040x The penalty is discussed in chapter 4. For 1040x Regular Installment Method If your first estimated tax payment is due April 15, 2014, you can figure your required payment for each period by dividing your annual estimated tax due (line 16a of the 2014 Estimated Tax Worksheet (Worksheet 2-1)) by 4. For 1040x Enter this amount on line 17. For 1040x However, use this method only if your income is basically the same throughout the year. For 1040x Change in estimated tax. For 1040x   After you make an estimated tax payment, changes in your income, adjustments, deductions, credits, or exemptions may make it necessary for you to refigure your estimated tax. For 1040x Pay the unpaid balance of your amended estimated tax by the next payment due date after the change or in installments by that date and the due dates for the remaining payment periods. For 1040x If you do not receive your income evenly throughout the year, your required estimated tax payments may not be the same for each period. For 1040x See Annualized Income Installment Method . For 1040x Amended estimated tax. For 1040x If you refigure your estimated tax during the year, or if your first estimated tax payment is due after April 15, 2014, figure your required payment for each remaining payment period using Worksheet 2-14. For 1040x Example. For 1040x Early in 2014, Mira Roberts figures that her estimated tax due is $1,800. For 1040x She makes estimated tax payments on April 15 and June 16 of $450 each ($1,800 ÷ 4). For 1040x On July 10, she sells investment property at a gain. For 1040x Her refigured estimated tax is $4,100. For 1040x Her required estimated tax payment for the third payment period is $2,175, as shown in her filled-in Worksheet 2-14. For 1040x If Mira's estimated tax does not change again, her required estimated tax payment for the fourth payment period will be $1,025. For 1040x Worksheet 2-14. For 1040x Amended Estimated Tax Worksheet—Illustrated               1. For 1040x Amended total estimated tax due 1. For 1040x $4,100 2. For 1040x Multiply line 1 by:           50% (. For 1040x 50) if next payment is due June 16, 2014           75% (. For 1040x 75) if next payment is due September 15,  2014           100% (1. For 1040x 00) if next payment is due January 15,  2015 2. For 1040x 3,075     3. For 1040x Estimated tax payments for all previous periods 3. For 1040x 900     4. For 1040x Next required payment: Subtract line 3 from line 2 and enter the result (but not less than zero) here and on your payment voucher for your next required payment 4. For 1040x $2,175       Note. For 1040x If the payment on line 4 is due January 15, 2015, stop here. For 1040x Otherwise, go to line 5. For 1040x         5. For 1040x Add lines 3 and 4 5. For 1040x 3,075 6. For 1040x Subtract line 5 from line 1 and enter the result (but not less than zero) 6. For 1040x 1,025 7. For 1040x Each following required payment: If the payment on line 4 is due June 16, 2014, enter one-half of the amount on line 6 here and on the payment vouchers for your payments due September 15, 2014, and January 15, 2015. For 1040x If the amount on line 4 is due September 15, 2014, enter the amount from line 6 here and on the payment voucher for your payment due January 15, 2015 7. For 1040x $1,025 Worksheet 2-14. For 1040x Amended Estimated Tax Worksheet—Blank               1. For 1040x Amended total estimated tax due 1. For 1040x   2. For 1040x Multiply line 1 by:           50% (. For 1040x 50) if next payment is due June 16, 2014           75% (. For 1040x 75) if next payment is due September 15,  2014           100% (1. For 1040x 00) if next payment is due January 15,  2015 2. For 1040x       3. For 1040x Estimated tax payments for all previous periods 3. For 1040x       4. For 1040x Next required payment: Subtract line 3 from line 2 and enter the result (but not less than zero) here and on your payment voucher for your next required payment 4. For 1040x         Note. For 1040x If the payment on line 4 is due January 15, 2015, stop here. For 1040x Otherwise, go to line 5. For 1040x         5. For 1040x Add lines 3 and 4 5. For 1040x   6. For 1040x Subtract line 5 from line 1 and enter the result (but not less than zero) 6. For 1040x   7. For 1040x Each following required payment: If the payment on line 4 is due June 16, 2014, enter one-half of the amount on line 6 here and on the payment vouchers for your payments due September 15, 2014, and January 15, 2015. For 1040x If the amount on line 4 is due September 15, 2014, enter the amount from line 6 here and on the payment voucher for your payment due January 15, 2015 7. For 1040x   Underpayment penalty. For 1040x   The penalty is figured separately for each payment period. For 1040x If you figure your payments using the regular installment method and later refigure your payments because of an increase in income, you may be charged a penalty for underpayment of estimated tax for the period(s) before you changed your payments. For 1040x To see how you may be able to avoid or reduce this penalty, see Annualized Income Installment Method (Schedule AI) in chapter 4. For 1040x Annualized Income Installment Method If you do not receive your income evenly throughout the year (for example, your income from a repair shop you operate is much larger in the summer than it is during the rest of the year), your required estimated tax payment for one or more periods may be less than the amount figured using the regular installment method. For 1040x The annualized income installment method annualizes your tax at the end of each period based on a reasonable estimate of your income, deductions, and other items relating to events that occurred from the beginning of the tax year through the end of the period. For 1040x To see whether you can pay less for any period, complete the 2014 Annualized Estimated Tax Worksheet (Worksheet 2-9). For 1040x You first must complete the 2014 Estimated Tax Worksheet (Worksheet 2-1) through line 16b. For 1040x Use the result you figure on line 32 of Worksheet 2-9 to make your estimated tax payments and complete your payment vouchers. For 1040x Note. For 1040x If you use the annualized income installment method to figure your estimated tax payments, you must file Form 2210 with your 2014 tax return. For 1040x See Annualized Income Installment Method (Schedule AI) in chapter 4 for more information. For 1040x Instructions for the 2014 Annualized Estimated Tax Worksheet (Worksheet 2-9) Use Worksheet 2-9 to help you follow these instructions. For 1040x The purpose of this worksheet is to determine your estimated tax liability as your income accumulates throughout the year, rather than dividing your entire year's estimated tax liability by four as if your income was earned equally throughout the year. For 1040x The top of the worksheet shows the dates for each payment period. For 1040x The periods build; that is, each period includes all previous periods. For 1040x After the end of each payment period, complete the corresponding worksheet column to figure the payment due for that period. For 1040x Line 1. For 1040x   Enter your AGI for the period. For 1040x This is your gross income for the period, including your share of partnership or S corporation income or loss, minus your adjustments to income for that period. For 1040x See Expected AGI—Line 1 , earlier. For 1040x Self-employment income. For 1040x   If you had self-employment income, first complete Section B of this worksheet. For 1040x Use the amounts on line 43 when figuring your expected AGI to enter in each column of Section A, line 1. For 1040x Line 4. For 1040x   Be sure to consider all deduction limits figured on Schedule A (Form 1040), such as reducing your medical expenses by 10% (7. For 1040x 5% if either you or your spouse was born before January 2, 1950) or reducing certain miscellaneous deductions by 2% of your AGI. For 1040x Figure your deduction limits using your expected AGI in the corresponding column of line 1 (2014 Annualized Estimated Tax Worksheet (Worksheet 2-9)). For 1040x Line 6. For 1040x   Multiply line 4 by line 5 and enter the result on line 6 unless line 3 is more than $305,050 if married filing jointly or qualifying widow(er), $279,650 if head of household, $254,200 if single, or $152,525 if married filing separately. For 1040x In that case, use Worksheet 2-10 to figure the amount to enter on line 6. For 1040x Complete Worksheet 2–10 for each period, as necessary. For 1040x Line 7. For 1040x   If you will not itemize your deductions, use Worksheet 2-4 to figure your standard deduction. For 1040x Line 10. For 1040x   Multiply $3,950 by your total expected exemptions and enter the result on line 10 unless line 3 is more than $305,050 if married filing jointly or qualifying widow(er), $279,650 if head of household, $254,200 if single, or $152,525 if married filing separately. For 1040x   In that case, use Worksheet 2-11 to figure the amount to enter on line 10. For 1040x Line 12. For 1040x   Generally, you will use the Tax Rate Schedules to figure the tax on your annualized income. For 1040x However, see below for situations where you must use a different method to compute your estimated tax. For 1040x Tax on child's investment income. For 1040x   You must use a special method to figure tax on the income of the following children who have more than $2,000 of investment income. For 1040x Children under age 18 at the end of 2014. For 1040x The following children if their earned income is not more than half their support. For 1040x Children age 18 at the end of 2014. For 1040x Children who are full-time students over age 18 and under age 24 at the end of 2014. For 1040x See Publication 929. For 1040x Tax on net capital gain. For 1040x   The regular income tax rates for individuals do not apply to a net capital gain. For 1040x Instead, your net capital gain is taxed at a lower maximum rate. For 1040x   The term “net capital gain” means the amount by which your net long-term capital gain for the year is more than your net short-term capital loss. For 1040x Tax on qualified dividends and capital gains. For 1040x   For 2014, your capital gain and dividends rate will depend on your income. For 1040x Tax on capital gain or qualified dividends. For 1040x If the amount on line 1 includes a net capital gain or qualified dividends, use Worksheet 2-12 to figure the amount to enter on line 12. For 1040x Tax if excluding foreign earned income or excluding or deducting foreign housing. For 1040x If you expect to claim the foreign earned income exclusion or the housing exclusion or deduction on Form 2555 or Form 2555-EZ, use Worksheet 2-13 to figure the amount to enter on line 12. For 1040x Line 13. For 1040x   If you file Form 1040, add the tax from Forms 8814, 4972, and 6251 for the period. For 1040x If you file Form 1040A, add the amount from the Alternative Minimum Tax Worksheet found in the instructions. For 1040x Also include any recapture of an education credit for each period. For 1040x You may owe this tax if you claimed an education credit in an earlier year and you received either tax-free educational assistance or a refund of qualifying expenses for the same student after filing your 2013 return. For 1040x   Use the 2013 forms or worksheets to see if you will owe any of the taxes discussed above. For 1040x Figure the tax based on your income and deductions during the period shown in the column headings. For 1040x Multiply this amount by the annualization amounts shown for each column on line 2 of the 2014 Annualized Estimated Tax Worksheet (Worksheet 2-9). For 1040x Enter the result on line 13 of this worksheet. For 1040x Line 15. For 1040x   Include all the nonrefundable credits you expect to claim because of events that will occur during the period. For 1040x Note. For 1040x When figuring your credits for each period, annualize any item of income or deduction to figure each credit. For 1040x For example, if you need to use your AGI to figure a credit, use line 3 of Worksheet 2-9 to figure the credit for each column. For 1040x Line 18. For 1040x   Add your expected other taxes. For 1040x   Other taxes include the following. For 1040x Additional tax on early distributions from: An IRA or other qualified retirement plan, A tax-sheltered annuity, or A modified endowment contract entered into after June 20, 1988. For 1040x Household employment taxes if: You will have federal income tax withheld from wages, pensions, annuities, gambling winnings, or other income, or You would be required to make estimated tax payments even if you did not include household employment taxes when figuring your estimated tax. For 1040x Amounts on Form 1040 written on the line for “other taxes” (line 60 on the 2013 Form 1040). For 1040x But do not include recapture of a federal mortgage subsidy; tax on excess golden parachute payments; look-back interest due under section 167(g) or 460(b) of the Internal Revenue Code; excise tax on insider stock compensation from an expatriated corporation; uncollected social security, Medicare, or RRTA tax on tips or group-term life insurance; or additional tax on advance payments of health coverage tax credit when not eligible. For 1040x Repayment of the first-time homebuyer credit if the home will cease to be your main home in 2014. For 1040x See Form 5405 for exceptions. For 1040x Additional Medicare Tax. For 1040x A 0. For 1040x 9% Additional Medicare Tax applies to your combined Medicare wages and self-employment income and/or your RRTA compensation that exceeds the amount listed in the following chart, based on your filing status. For 1040x Filing Status Threshold Amount Married filing jointly $250,000 Married filing separately $125,000 Single $200,000 Head of household $200,000 Qualifying Widow(er) $200,000 Medicare wages and self-employment income are combined to determine if your income exceeds the threshold. For 1040x A self-employment loss should not be considered for purposes of this tax. For 1040x RRTA compensation should be separately compared to the threshold. For 1040x Your employer is responsible for withholding the 0. For 1040x 9% Additional Medicare Tax on Medicare wages or RRTA compensation it pays you in excess of $200,000 in 2014. For 1040x You should consider this withholding, if applicable, in determining whether you need to make an estimated payment. For 1040x For more information on Additional Medicare Tax, go to IRS. For 1040x gov and enter “Additional Medicare Tax” in the search box. For 1040x Net Investment Income Tax (NIIT). For 1040x The NIIT is 3. For 1040x 8% of the lesser of your net investment income or the excess of your modified adjusted gross income over a specified threshold amount. For 1040x Threshold amounts: Filing Status Threshold Amount Married filing jointly $250,000 Married filing separately $125,000 Single $200,000 Head of household $200,000 Qualifying Widow(er) $250,000 For more information on Net Investment Income Tax, go to IRS. For 1040x gov and enter “Net Investment Income Tax” in the search box. For 1040x Line 20. For 1040x   Include all the refundable credits (other than withholding credits) you can claim because of events that occurred during the period. For 1040x Note. For 1040x When figuring your refundable credits for each period, annualize any item of income or deduction used to figure each credit. For 1040x Line 29. For 1040x   If line 28 is smaller than line 25 and you are not certain of the estimate of your 2014 tax, you can avoid a penalty by entering the amount from line 25 on line 29. For 1040x Line 31. For 1040x   For each period, include estimated tax payments made and any excess social security and railroad retirement tax. For 1040x   Also include estimated federal income tax withholding. For 1040x One-fourth of your estimated withholding is considered withheld on the due date of each payment period. For 1040x To figure the amount to include on line 31 for each period, multiply your total expected withholding for 2014 by: 25% (. For 1040x 25) for the first period, 50% (. For 1040x 50) for the second period, 75% (. For 1040x 75) for the third period, and 100% (1. For 1040x 00) for the fourth period. For 1040x   However, you may choose to include your withholding according to the actual dates on which the amounts will be withheld. For 1040x For each period, include withholding made from the beginning of the period up to and including the payment due date. For 1040x You can make this choice separately for the taxes withheld from your wages and all other withholding. For 1040x For an explanation of what to include in withholding, see Total Estimated Tax Payments Needed—Line 16a , earlier. For 1040x Nonresident aliens. For 1040x   If you will file Form 1040NR and you do not receive wages as an employee subject to U. For 1040x S. For 1040x income tax withholding, the instructions for the worksheet are modified as follows. For 1040x Skip column (a). For 1040x On line 1, enter your income for the period that is effectively connected with a U. For 1040x S. For 1040x trade or business. For 1040x On line 21, increase your entry by the amount determined by multiplying your income for the period that is not effectively connected with a U. For 1040x S. For 1040x trade or business by the following. For 1040x 72% for column (b). For 1040x 45% for column (c). For 1040x 30% for column (d). For 1040x However, if you can use a treaty rate lower than 30%, use the percentages determined by multiplying your treaty rate by 2. For 1040x 4, 1. For 1040x 5, and 1, respectively. For 1040x On line 26, enter one-half of the amount from line 16c of the Form 1040-ES (NR) 2014 Estimated Tax Worksheet in column (b), and one-fourth in columns (c) and (d) of Worksheet 2-9. For 1040x On lines 24 and 27, skip column (b). For 1040x On line 31, if you do not use the actual withholding method, include one-half of your total expected withholding in column (b) and one-fourth in columns (c) and (d). For 1040x See Publication 519 for more information. For 1040x Estimated Tax Payments Not Required You do not have to pay estimated tax if your withholding in each payment period is at least as much as: One-fourth of your required annual payment, or Your required annualized income installment for that period. For 1040x You also do not have to pay estimated tax if you will pay enough through withholding to keep the amount you will owe with your return under $1,000. For 1040x How To Pay Estimated Tax There are several ways to pay estimated tax. For 1040x Credit an overpayment on your 2013 return to your 2014 estimated tax. For 1040x Pay by direct transfer from your bank account, or pay by credit or debit card using a pay-by-phone system or the Internet. For 1040x Send in your payment (check or money order) with a payment voucher from Form 1040-ES. For 1040x Credit an Overpayment If you show an overpayment of tax after completing your Form 1040 or Form 1040A for 2013, you can apply part or all of it to your estimated tax for 2014. For 1040x On Form 1040, or Form 1040A, enter the amount you want credited to your estimated tax rather than refunded. For 1040x Take the amount you have credited into account when figuring your estimated tax payments. For 1040x If you timely file your 2013 return, treat the credit as a payment made on April 15, 2014. For 1040x If you are a beneficiary of an estate or trust, and the trustee elects to credit 2014 trust payments of estimated tax to you, you can treat the amount credited as paid by you on January 15, 2015. For 1040x If you choose to have an overpayment of tax credited to your estimated tax, you cannot have any of that amount refunded to you until you file your tax return for the following year. For 1040x You also cannot use that overpayment in any other way. For 1040x Example. For 1040x When Kathleen finished filling out her 2013 tax return, she saw that she had overpaid her taxes by $750. For 1040x Kathleen knew she would owe additional tax in 2014. For 1040x She credited $600 of the overpayment to her 2014 estimated tax and had the remaining $150 refunded to her. For 1040x In September, she amended her 2013 return by filing Form 1040X, Amended U. For 1040x S. For 1040x Individual Income Tax Return. For 1040x It turned out that she owed $250 more in tax than she had thought. For 1040x This reduced her 2013 overpayment from $750 to $500. For 1040x Because the $750 had already been applied to her 2014 estimated tax or refunded to her, the IRS billed her for the additional $250 she owed, plus penalties and interest. For 1040x Kathleen could not use any of the $600 she had credited to her 2014 estimated tax to pay this bill. For 1040x Pay Online Paying online is convenient and secure and helps make sure we get your payments on time. For 1040x You can make your estimated tax payments online when you e-file or at any time during the year. For 1040x You can pay using either of the following electronic payment methods. For 1040x Direct transfer from your bank account. For 1040x Credit or debit card. For 1040x To pay your taxes online or for more information, go to www. For 1040x irs. For 1040x gov/e-pay. For 1040x Pay by Phone Paying by phone is another safe and secure method of paying electronically. For 1040x Use one of the following methods. For 1040x Direct transfer from your bank account. For 1040x Credit or debit card. For 1040x To pay by direct transfer from your bank account, call EFTPS Customer Service at 1-800-555-4477 (English), 1-800-244-4829 (Espanol), or TTY/TDD 1-800-733-4829. For 1040x To pay using a credit or debit card, you can call one of the following service providers. For 1040x There is a convenience fee charged by these providers that varies by provider, card type, and payment amount. For 1040x WorldPay 1-888-9-PAY-TAXTM (1-888-972-9829) www. For 1040x payUSAtax. For 1040x com Official Payments Corporation 1-888-UPAY-TAXTM (1-888-872-9829) www. For 1040x officialpayments. For 1040x com Link2GOV Corporation 1-888-PAY-1040TM (1-888-729-1040) www. For 1040x PAY1040. For 1040x com For the latest details on how to pay by phone, go to www. For 1040x irs. For 1040x gov/e-pay. For 1040x Pay by Check or Money Order Using the Estimated Tax Payment Voucher Each payment of estimated tax by check or money order must be accompanied by a payment voucher from Form 1040-ES. For 1040x If you use your own envelopes (and not the window envelope that comes with the 1040-ES package), make sure you mail your payment vouchers to the address shown in the Form 1040-ES instructions for the place where you live. For 1040x Do not use the address shown in the Form 1040 or Form 1040A instructions. For 1040x If you did not pay estimated tax last year, get a copy of Form 1040-ES from the IRS (see chapter 5). For 1040x Follow the instructions to make sure you use the vouchers correctly. For 1040x Joint estimated tax payments. For 1040x    If you file a joint return and are making joint estimated tax payments, enter the names and social security numbers on the payment voucher in the same order as they will appear on the joint return. For 1040x Change of address. For 1040x    You must notify the IRS if you are making estimated tax payments and you changed your address during the year. For 1040x Complete Form 8822, Change of Address, and mail it to the address shown in the instructions for that form. For 1040x Worksheets for Chapter 2 Use the following worksheets and tables to figure your correct estimated tax. For 1040x IF you need. For 1040x . For 1040x . For 1040x THEN use. For 1040x . For 1040x . For 1040x 2014 Tax Rate Schedules   the 2014 Estimated Tax Worksheet Worksheet 2-1 to estimate your taxable social security and railroad retirement benefits—line 1 of ES Worksheet (or Annualized ES Worksheet (Worksheet 2-9)) Worksheet 2-2 to estimate your self-employment (SE) tax and your deduction for SE tax—lines 1 and 11 of ES Worksheet (lines 1 and 17 of Annualized ES Worksheet (Worksheet 2-9)) Worksheet 2-3 to estimate your standard deduction—line 2 of ES Worksheet (line 7 of Annualized ES Worksheet (Worksheet 2-9)) Worksheet 2-4 to reduce your itemized deductions because your estimated AGI is more than $152,525—line 2 of ES Worksheet Worksheet 2-5 to reduce your exemption amount because your estimated AGI is more than $152,525—line 4 of ES Worksheet Worksheet 2-6 to estimate your income tax if line 1 of your ES Worksheet includes a net capital gain or qualified dividends—line 6 of ES Worksheet Worksheet 2-7 to estimate your income tax if you expect to claim a foreign earned income exclusion or foreign housing exclusion or deduction on Form 2555 or Form 2555-EZ—line 6 of ES Worksheet Worksheet 2-8 the 2014 Annualized Estimated Tax Worksheet (Annualized ES Worksheet) Worksheet 2-9 to reduce your itemized deductions because your estimated annualized AGI is more than $152,525—line 6 of Annualized ES Worksheet Worksheet 2-10 to reduce your exemption amount because your estimated annualized AGI is more than $152,525—line 10 of Annualized ES Worksheet Worksheet 2-11 to estimate your income tax if line 1 of your Annualized ES Worksheet includes a net capital gain or qualified dividends—line 12 of Annualized ES Worksheet Worksheet 2-12 to estimate your income tax if you expect to claim a foreign earned income exclusion or foreign housing exclusion or deduction on Form 2555 or Form 2555-EZ—line 12 of Annualized ES Worksheet Worksheet 2-13 to refigure (amend) your estimated tax during the year Worksheet 2-14 2014 Tax Rate Schedules Do not use these Tax Rate Schedules to figure your 2013 taxes. For 1040x Use them only to figure your 2014 estimated taxes. For 1040x Schedule X—Use if your 2014 filing status is  Single Schedule Z—Use if your 2014 filing status is Head of household If line 5 is: The tax is:     If line 5 is: The tax is:     Over— But not  over—         of the  amount  over— Over— But not  over—         of the  amount  over— $0 $9,075     10. For 1040x 0%   $0 $0 $12,950     10. For 1040x 0%   $0 9,075 36,900 $907. For 1040x 50 + 15. For 1040x 0%   9,075 12,950 49,400 $1,295. For 1040x 00 + 15. For 1040x 0%   12,950 36,900 89,350 5,081. For 1040x 25 + 25. For 1040x 0%   36,900 49,400 127,550 6,762. For 1040x 50 + 25. For 1040x 0%   49,400 89,350 186,350 18,193. For 1040x 75 + 28. For 1040x 0%   89,350 127,550 206,600 26,300. For 1040x 00 + 28. For 1040x 0%   127,550 186,350 405,100 45,353. For 1040x 75 + 33. For 1040x 0%   186,350 206,600 405,100 48,434. For 1040x 00 + 33. For 1040x 0%   206,600 405,100 406,750 117,541. For 1040x 25 + 35. For 1040x 0%   405,100 405,100 432,200 113,939. For 1040x 00 + 35. For 1040x 0%   405,100 406,750 - - - - - - 118,118. For 1040x 75 + 39. For 1040x 6%   406,750 432,200 - - - - - - 123,424. For 1040x 00 + 39. For 1040x 6%   432,200 Schedule Y-1—Use if your 2014 filing status is Married filing jointly or Qualifying widow(er) Schedule Y-2—Use if your 2014 filing status is  Married filing separately If line 5 is: The tax is:     If line 5 is: The tax is:     Over— But not  over—         of the  amount  over— Over— But not  over—         of the  amount  over— $0 $18,150     10. For 1040x 0%   $0 $0 $9,075     10. For 1040x 0%   $0 18,150 73,800 $1,815. For 1040x 00 + 15. For 1040x 0%   18,150 9,075 36,900 $907. For 1040x 50 + 15. For 1040x 0%   9,075 73,800 148,850 10,162. For 1040x 50 + 25. For 1040x 0%   73,800 36,900 74,425 5,081. For 1040x 25 + 25. For 1040x 0%   36,900 148,850 226,850 28,925. For 1040x 00 + 28. For 1040x 0%   148,850 74,425 113,425 14,462. For 1040x 50 + 28. For 1040x 0%   74,425 226,850 405,100 50,765. For 1040x 00 + 33. For 1040x 0%   226,850 113,425 202,550 25,382. For 1040x 50 + 33. For 1040x 0%   113,425 405,100 457,600 109,587. For 1040x 50 + 35. For 1040x 0%   405,100 202,550 228,800 54,793. For 1040x 75 + 35. For 1040x 0%   202,550 457,600 - - - - - - 127,962. For 1040x 50 + 39. For 1040x 6%   457,600 228,800 - - - - - - 63,981. For 1040x 25 + 39. For 1040x 6%   228,800                             Worksheet 2-1. For 1040x 2014 Estimated Tax Worksheet When this worksheet refers you to instructions, you can find those instructions in the Instructions for 2014 Form 1040-ES. For 1040x 1 Adjusted gross income you expect in 2014 (see instructions) 1     2 If you plan to itemize deductions, enter the estimated total of your itemized deductions. For 1040x  Caution: If line 1 is over $152,525, your deduction may be reduced. For 1040x See Worksheet 2-5. For 1040x If you do not plan to itemize deductions, enter your standard deduction. For 1040x 2     3 Subtract line 2 from line 1 3     4 Exemptions. For 1040x Multiply $3,950 by the number of personal exemptions. For 1040x  Caution: If line 1 is over $152,525, the amount of your personal exemptions may be limited. For 1040x See Worksheet 2-6. For 1040x 4     5 Subtract line 4 from line 3 5     6 Tax. For 1040x Figure your tax on the amount on line 5 by using the 2014 Tax Rate Schedules Caution: If you will have qualified dividends or a net capital gain, or expect to exclude or deduct foreign earned income or housing, see Worksheets 2-7 and 2-8 to figure the tax 6     7 Alternative minimum tax from Form 6251 or included on Form 1040A, line 28 7     8 Add lines 6 and 7. For 1040x Add to this amount any other taxes you expect to include in the total on Form 1040, line 44 8     9 Credits (see instructions). For 1040x Do not include any income tax withholding on this line 9     10 Subtract line 9 from line 8. For 1040x If zero or less, enter -0- 10     11 Self-employment tax (see instructions) 11     12 Other taxes including, if applicable, Additional Medicare Tax and/or NIIT (see instructions) 12     13a Add lines 10 through 12 13a     b Earned income credit, additional child tax credit, fuel tax credit, and refundable American opportunity credit 13b     c Total 2014 estimated tax. For 1040x Subtract line 13b from line 13a. For 1040x If zero or less, enter -0- ▶ 13c     14a Multiply line 13c by 90% (662/3% for farmers and fishermen) 14a           b Required annual payment based on prior year's tax (see instructions) 14b           c Required annual payment to avoid a penalty. For 1040x Enter the smaller of line 14a or 14b ▶ 14c        Caution: Generally, if you do not prepay (through income tax withholding and estimated tax payments) at least the amount on line 14c, you may owe a penalty for not paying enough estimated tax. For 1040x To avoid a penalty, make sure your estimate on line 13c is as accurate as possible. For 1040x Even if you pay the required annual payment, you may still owe tax when you file your return. For 1040x If you prefer, you can pay the amount shown on line 13c. For 1040x                         15 Income tax withheld and estimated to be withheld during 2014 (including income tax withholding on pensions, annuities, certain deferred income, etc. For 1040x ) 15     16a Subtract line 15 from line 14c 16a             Is the result zero or less? □ Yes. For 1040x Stop here. For 1040x You are not required to make estimated tax payments. For 1040x  □ No. For 1040x Go to line 16b. For 1040x             b Subtract line 15 from line 13c 16b             Is the result less than $1,000? □ Yes. For 1040x Stop here. For 1040x You are not required to make estimated tax payments. For 1040x  □ No. For 1040x Go to line 17 to figure your required payment. For 1040x                         17 If the first payment you are required to make is due April 15, 2014, enter ¼ of line 16a (minus any 2013 overpayment that you are applying to this installment) here, and on your estimated tax payment voucher(s) if you are paying by check or money order 17     Worksheet 2-2. For 1040x 2014 Estimated Tax Worksheet—Line 1 Estimated Taxable Social Security and Railroad Retirement Benefits Note. For 1040x If you are using this worksheet to estimate your taxable social security or railroad retirement benefits for Worksheet 2-9, 2014 Annualized Estimated Tax Worksheet, multiply the expected amount of benefits for each period by the annualization amount shown on Worksheet 2-9, line 2, for the same period before entering it on line 1 below. For 1040x     1. For 1040x Enter your expected social security and railroad retirement benefits 1. For 1040x   2. For 1040x Enter one-half of line 1 2. For 1040x   3. For 1040x Enter your expected total income. For 1040x Do not include any social security and railroad retirement benefits, nontaxable interest income, nontaxable IRA distributions, or nontaxable pension distributions 3. For 1040x   4. For 1040x Enter your expected nontaxable interest income 4. For 1040x   5. For 1040x Enter (as a positive amount) the total of any expected exclusions or deductions for: U. For 1040x S. For 1040x savings bond interest used for higher education expenses (Form 8815) Employer-provided adoption benefits (Form 8839) Foreign earned income or housing (Form 2555 or 2555-EZ) Income by bona fide residents of American Samoa (Form 4563) or Puerto Rico 5. For 1040x   6. For 1040x Add lines 2, 3, 4, and 5 6. For 1040x   7. For 1040x Enter your expected adjustments to income. For 1040x Do not include any student loan interest deduction 7. For 1040x   8. For 1040x Subtract line 7 from line 6. For 1040x If zero or less, stop here. For 1040x  Note. For 1040x Do not include any social security or railroad retirement benefits in the amount on line 1 of your 2014 Estimated Tax Worksheet (Worksheet 2-1) (or Annualized Estimated Tax Worksheet (Worksheet 2-9)) 8. For 1040x   9. For 1040x Enter $25,000 ($32,000 if you expect to file married filing jointly; $0 if you expect to file married filing separately and expect to live with your spouse at any time during the year) 9. For 1040x   10. For 1040x Subtract line 9 from line 8. For 1040x If zero or less, stop here. For 1040x  Note. For 1040x Do not include any social security or railroad retirement benefits in the amount on line 1 of your Worksheet 2-1 (or Annualized Estimated Tax Worksheet (Worksheet 2-9)) 10. For 1040x   11. For 1040x Enter $9,000 ($12,000 if you expect to file married filing jointly; $0 if you expect to file married filing separately and expect to live with your spouse at any time during the year) 11. For 1040x   12. For 1040x Subtract line 11 from line 10. For 1040x If zero or less, enter -0- 12. For 1040x   13. For 1040x Enter the smaller of line 10 or line 11 13. For 1040x   14. For 1040x Enter one-half of line 13 14. For 1040x   15