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

Search Irs

Irs FormsWhere Mail 1040x Amended Return2011 Income Tax Forms 1040ezHow To Fill Out A 1040x1040x Fillable FormH&rblock Free File1040x 2010Form 1040 EzFile Just State Taxes Online FreeEz State Tax FormIrs Form EzAmended 1040 EzTax Easy FormFree State E File TaxesIrs Ez FileFree State File Tax OnlineHow Do I File An Amended Tax Return For 2011Free Amended Tax Return2012 1040Irs Forms 1040H And R Block Tax EstimatorHow Do I File Taxes From 2009Efile 2011 Tax1040 For 20101040nr Ez 2010 FormCheap State Tax Filing1040x For 2011Www Irs GovFree State Tax Efile For Low IncomeNeed Print 1040x FormHow To Amend My 2011 TaxesCan I File 2012 Taxes NowHow Do I Amend My 2011 Tax ReturnIrs Form 1040a 2012Hr Block 2005 TaxesFree Tax Act 20121040x Where To FileWww Irs Gov EitcFile A Free State Tax ReturnHow To File An Amended Return

Search Irs

Search irs 2. Search irs   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. Search irs This includes income from self-employment, interest, dividends, alimony, rent, gains from the sale of assets, prizes, and awards. Search irs 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. Search irs 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. Search irs 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. Search irs 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. Search irs For information on when the penalty applies, see chapter 4. Search irs 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. Search irs 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. Search irs 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. Search irs Worksheets. Search irs   You may need to use several of the blank worksheets included in this chapter. Search irs See Worksheets for Chapter 2, later, to locate what you need. Search irs 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. Search irs To do this, file a new Form W-4 with your employer. Search irs See chapter 1. Search irs Estimated tax not required. Search irs   You do not have to pay estimated tax for 2014 if you meet all three of the following conditions. Search irs You had no tax liability for 2013. Search irs You were a U. Search irs S. Search irs citizen or resident alien for the whole year. Search irs Your 2013 tax year covered a 12-month period. Search irs   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. Search irs Please click here for the text description of the image. Search irs 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. Search irs 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. Search irs General Rule In most cases, you must pay estimated tax for 2014 if both of the following apply. Search irs You expect to owe at least $1,000 in tax for 2014, after subtracting your withholding and refundable credits. Search irs 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. Search irs Your 2013 tax return must cover all 12 months. Search irs Note. Search irs The percentages in (2a) or (2b) above may be different if you are a farmer, fisherman, or higher income taxpayer. Search irs See Special Rules , later. Search irs 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. Search irs Figure 2-A takes you through the general rule. Search irs You may find this helpful in determining if you must pay estimated tax. Search irs If all your income will be subject to income tax withholding, you probably do not need to pay estimated tax. Search irs Example 1. Search irs Jane Smart uses Figure 2-A and the following information to figure whether she should pay estimated tax for 2014. Search irs She files as head of household claiming her dependent son, takes the standard deduction, and expects no refundable credits for 2014. Search irs 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). Search irs 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. Search irs 50). Search irs Jane does not need to pay estimated tax. Search irs Example 2. Search irs The facts are the same as in Example 1, except that Jane expects only $8,700 tax to be withheld in 2014. Search irs Because that is less than $9,913. Search irs 50, her answer to box 2a is NO. Search irs 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). Search irs Jane must increase her withholding or pay estimated tax for 2014. Search irs Example 3. Search irs The facts are the same as in Example 2, except that the total tax shown on Jane's 2013 return was $8,600. Search irs Because she expects to have more than $8,600 withheld in 2014 ($8,700), her answer to box 2b is YES. Search irs Jane does not need to pay estimated tax for 2014. Search irs Married Taxpayers If you qualify to make joint estimated tax payments, apply the rules discussed here to your joint estimated income. Search irs You and your spouse can make joint estimated tax payments even if you are not living together. Search irs 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). Search irs 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. Search irs These individuals can take credit only for the estimated tax payments that he or she made. Search irs If you and your spouse cannot make joint estimated tax payments, apply these rules to your separate estimated income. Search irs Making joint or separate estimated tax payments will not affect your choice of filing a joint tax return or separate returns for 2014. Search irs 2013 separate returns and 2014 joint return. Search irs   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. Search irs You filed a separate return if you filed as single, head of household, or married filing separately. Search irs 2013 joint return and 2014 separate returns. Search irs   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. Search irs You file a separate return if you file as single, head of household, or married filing separately. Search irs   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. Search irs Then multiply the tax on the joint return by the following fraction. Search irs      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. Search irs Joe and Heather filed a joint return for 2013 showing taxable income of $48,500 and a tax of $6,386. Search irs Of the $48,500 taxable income, $40,100 was Joe's and the rest was Heather's. Search irs For 2014, they plan to file married filing separately. Search irs 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. Search irs 6% Joe's share of tax on joint return  ($6,386 × 87. Search irs 6%) $5,594 Special Rules There are special rules for farmers, fishermen, and certain higher income taxpayers. Search irs 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. Search irs Gross income. Search irs   Your gross income is all income you receive in the form of money, goods, property, and services that is not exempt from tax. Search irs 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. Search irs Joint returns. Search irs   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. Search irs Gross income from farming. Search irs   This is income from cultivating the soil or raising agricultural commodities. Search irs It includes the following amounts. Search irs Income from operating a stock, dairy, poultry, bee, fruit, or truck farm. Search irs Income from a plantation, ranch, nursery, range, orchard, or oyster bed. Search irs Crop shares for the use of your land. Search irs Gains from sales of draft, breeding, dairy, or sporting livestock. Search irs   For 2013, gross income from farming is the total of the following amounts. Search irs Schedule F (Form 1040), Profit or Loss From Farming, line 9. Search irs Form 4835, Farm Rental Income and Expenses, line 7. Search irs 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). Search irs Your gains from sales of draft, breeding, dairy, or sporting livestock shown on Form 4797, Sales of Business Property. Search irs   Wages you receive as a farm employee and wages you receive from a farm corporation are not gross income from farming. Search irs Gross income from fishing. Search irs   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. Search irs   Gross income from fishing includes the following amounts. Search irs Schedule C (Form 1040), Profit or Loss From Business. Search irs Income for services as an officer or crew member of a vessel while the vessel is engaged in fishing. Search irs 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). Search irs Certain taxable interest and punitive damage awards received in connection with the Exxon Valdez litigation. Search irs Income for services normally performed in connection with fishing. Search irs 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. Search irs 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. Search irs For 2013, AGI is the amount shown on Form 1040, line 37; Form 1040A, line 21; and Form 1040EZ, line 4. Search irs Note. Search irs This rule does not apply to farmers and fishermen. Search irs Aliens Resident and nonresident aliens also may have to pay estimated tax. Search irs Resident aliens should follow the rules in this publication, unless noted otherwise. Search irs Nonresident aliens should get Form 1040-ES (NR), U. Search irs S. Search irs Estimated Tax for Nonresident Alien Individuals. Search irs You are an alien if you are not a citizen or national of the United States. Search irs You are a resident alien if you either have a green card or meet the substantial presence test. Search irs For more information about withholding, the substantial presence test, and Form 1040-ES (NR), see Publication 519. Search irs Estates and Trusts Estates and trusts also must pay estimated tax. Search irs 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. Search irs Estates and trusts must use Form 1041-ES, Estimated Income Tax for Estates and Trusts, to figure and pay estimated tax. Search irs 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. Search irs When figuring your 2014 estimated tax, it may be helpful to use your income, deductions, and credits for 2013 as a starting point. Search irs Use your 2013 federal tax return as a guide. Search irs You can use Form 1040-ES to figure your estimated tax. Search irs Nonresident aliens use Form 1040-ES (NR) to figure estimated tax. Search irs You must make adjustments both for changes in your own situation and for recent changes in the tax law. Search irs Some of these changes are discussed under What's New for 2014 , earlier. Search irs For information about these and other changes in the law, visit the IRS website at IRS. Search irs gov. Search irs The instructions for Form 1040-ES include a worksheet to help you figure your estimated tax. Search irs Keep the worksheet for your records. Search irs 2014 Estimated Tax Worksheet Use Worksheet 2-1 to help guide you through the information about completing the 2014 Estimated Tax Worksheet. Search irs You can also find a copy of the worksheet in the Instructions for Form 1040-ES. Search irs Expected AGI—Line 1 Your expected AGI for 2014 (line 1) is your expected total income minus your expected adjustments to income. Search irs Total income. Search irs   Include in your total income all the income you expect to receive during the year, even income that is subject to withholding. Search irs However, do not include income that is tax exempt. Search irs   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. Search irs Social security and railroad retirement benefits. Search irs 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. Search irs Adjustments to income. Search irs   Be sure to subtract from your expected total income all of the adjustments you expect to take on your 2014 tax return. Search irs Self-employed. Search irs 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. Search irs Include the amount from Worksheet 2-3 in your expected adjustments to income. Search irs 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. Search irs 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). Search irs Itemized deductions—line 2. Search irs   If you expect to claim itemized deductions on your 2014 tax return, enter the estimated amount on line 2. Search irs   Itemized deductions are the deductions that can be claimed on Schedule A (Form 1040). Search irs    For 2014, your total itemized deductions may be reduced if your AGI is more than the amount shown next for your filing status. Search irs 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. Search irs Standard deduction—line 2. Search irs   If you expect to claim the standard deduction on your 2014 tax return, enter the amount on line 2. Search irs Use Worksheet 2-4 to figure your standard deduction. Search irs No standard deduction. Search irs   The standard deduction for some individuals is zero. Search irs 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. Search irs Exemptions—line 4. Search irs   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. Search irs 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. Search irs 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. Search irs    For 2014, your deduction for personal exemption is reduced if your AGI is more than the amount shown next for your filing status. Search irs 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. Search irs 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. Search irs Most people will have entries for only a few of these steps. Search irs However, you should check every step to be sure you do not overlook anything. Search irs Step 1. Search irs   Figure your expected income tax (line 6). Search irs Generally, you will use the 2014 Tax Rate Schedules, later, to figure your expected income tax. Search irs   However, see below for situations where you must use a different method to compute your estimated tax. Search irs Tax on child's investment income. Search irs   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. Search irs Children under age 18 at the end of 2014. Search irs The following children if their earned income is not more than half their support. Search irs Children age 18 at the end of 2014. Search irs Children who are full-time students over age 18 and under age 24 at the end of 2014. Search irs See Publication 929, Tax Rules for Children and Dependents. Search irs 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. Search irs Tax on net capital gain. Search irs   The regular income tax rates for individuals do not apply to a net capital gain. Search irs Instead, your net capital gain is taxed at a lower maximum rate. Search irs   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. Search irs Tax on capital gain and qualified dividends. Search irs If the amount on line 1 includes a net capital gain or qualified dividends, use Worksheet 2-7 to figure your tax. Search irs Note. Search irs For 2014, your capital gains and dividends rate will depend on your income. Search irs Tax if excluding foreign earned income or excluding or deducting foreign housing. Search irs 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. Search irs Step 2. Search irs   Total your expected taxes (line 8). Search irs Include on line 8 the sum of the following. Search irs Your tax on line 6. Search irs Your expected alternative minimum tax (AMT) from Form 6251, or included on Form 1040A. Search irs Your expected additional taxes from Form 8814, Parents' Election To Report Child's Interest and Dividends, and Form 4972, Tax on Lump-Sum Distributions. Search irs Any recapture of education credits. Search irs Step 3. Search irs   Subtract your expected credits (line 9). Search irs If you are using your 2013 return as a guide and filed Form 1040, your total credits for 2013 were shown on line 54. Search irs If you filed Form 1040A, your total credits for 2013 were on line 34. Search irs   If your credits on line 9 are more than your taxes on line 8, enter “-0-” on line 10 and go to Step 4. Search irs Step 4. Search irs   Add your expected self-employment tax (line 11). Search irs You already should have figured your self-employment tax (see Self-employed under Expected AGI—Line 1, earlier). Search irs Step 5. Search irs   Add your expected other taxes (line 12). Search irs   Other taxes include the following. Search irs 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. Search irs 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. Search irs Amounts written on Form 1040 on the line for “other taxes” (line 60 on the 2013 Form 1040). Search irs 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. Search irs Repayment of the first-time homebuyer credit. Search irs See Form 5405. Search irs Additional Medicare Tax. Search irs A 0. Search irs 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. Search irs 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. Search irs A self-employment loss should not be considered for purposes of this tax. Search irs RRTA compensation should be separately compared to the threshold. Search irs Your employer is responsible for withholding the 0. Search irs 9% Additional Medicare Tax on Medicare wages or RRTA compensation it pays to you in excess of $200,000 in 2014. Search irs You should consider this withholding, if applicable, in determining whether you need to make an estimated payment. Search irs For more information on Additional Medicare Tax, go to IRS. Search irs gov and enter “Additional Medicare Tax” in the search box. Search irs Net Investment Income Tax (NIIT). Search irs The NIIT is 3. Search irs 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. Search irs 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. Search irs gov and enter “Net Investment Income Tax” in the search box. Search irs Step 6. Search irs   Subtract your refundable credit (line 13b). Search irs   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. Search irs   The result of steps 1 through 6 is your total estimated tax for 2014 (line 13c). Search irs 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. Search irs General rule. Search irs   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. Search irs Your 2013 tax return must cover all 12 months. Search irs Special rules. Search irs   There are special rules for higher income taxpayers and for farmers and fishermen. Search irs Higher income taxpayers. Search irs   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. Search irs This rule does not apply to farmers and fishermen. Search irs For 2013, AGI is the amount shown on Form 1040, line 37; Form 1040A, line 21; and Form 1040EZ, line 4. Search irs Example. Search irs   Jeremy Martin's total tax on his 2013 return was $42,581, and his expected tax for 2014 is $71,253. Search irs His 2013 AGI was $180,000. Search irs Because Jeremy had more than $150,000 of AGI in 2013, he figures his required annual payment as follows. Search irs He determines that 90% of his expected tax for 2014 is $64,128 (. Search irs 90 × $71,253). Search irs Next, he determines that 110% of the tax shown on his 2013 return is $46,839 (1. Search irs 10 x $42,581). Search irs Finally, he determines that his required annual payment is $46,839, the smaller of the two. Search irs Farmers and fishermen. Search irs   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% (. Search irs 6667) of your total tax for 2014, or 100% of the total tax shown on your 2013 return. Search irs (Your 2013 tax return must cover all 12 months. Search irs )   For definitions of “gross income from farming” and “gross income from fishing,” see Farmers and Fishermen , under Special Rules discussed earlier. Search irs Total tax for 2013—line 14b. Search irs   Your 2013 total tax, if you filed Form 1040, is the amount on line 61 reduced by the following. Search irs Unreported social security and Medicare tax or RRTA tax from Forms 4137 or 8919 (line 57). Search irs The following amounts from Form 5329 included on line 58. Search irs Any tax on excess contributions to IRAs, Archer MSAs, Coverdell education savings accounts, and health savings accounts. Search irs Any tax on excess accumulations in qualified retirement plans. Search irs The following write-ins on line 60. Search irs Excise tax on excess golden parachute payments (identified as “EPP”). Search irs Excise tax on insider stock compensation from an expatriated corporation (identified as “ISC”). Search irs Look-back interest due under section 167(g) (identified as “From Form 8866”). Search irs Look-back interest due under section 460(b) (identified as “From Form 8697”). Search irs Recapture of federal mortgage subsidy (identified as “FMSR”). Search irs Additional tax on advance payments of health coverage tax credit when not eligible (identified as “HCTC”). Search irs Uncollected social security and Medicare tax or RRTA tax on tips or group-term life insurance (identified as “UT”). Search irs Any refundable credit amounts. Search irs   If you filed Form 1040A, your 2013 total tax is the amount on line 35 reduced by any refundable credits. Search irs   If you filed Form 1040EZ, your 2013 total tax is the amount on line 10 reduced by the amount on line 8a. Search irs 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. Search irs Subtract your expected withholding from your required annual payment (line 14c). Search irs You usually must pay this difference in four equal installments. Search irs See When To Pay Estimated Tax and How To Figure Each Payment . Search irs 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. Search irs Withholding—line 15. Search irs   Your expected withholding for 2014 (line 15) includes the income tax you expect to be withheld from all sources (wages, pensions and annuities, etc. Search irs ). Search irs It includes excess social security, and tier 1 railroad retirement tax you expect to be withheld from your wages and compensation. Search irs 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. Search irs See Excess Social Security or Railroad Retirement Tax Withholding in chapter 3. Search irs   It also includes Additional Medicare Tax you expect to be withheld from your wages or compensation. Search irs Your employer is responsible for withholding the 0. Search irs 9% Additional Medicare Tax on Medicare wages or RRTA compensation it pays to you in excess of $200,000. Search irs When To Pay Estimated Tax For estimated tax purposes, the year is divided into four payment periods. Search irs Each period has a specific payment due date. Search irs 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. Search irs If a payment is mailed, the date of the U. Search irs S. Search irs postmark is considered the date of payment. Search irs The payment periods and due dates for estimated tax payments are shown next. Search irs For exceptions to the dates listed, see Saturday, Sunday, holiday rule below. Search irs For the period: Due date: Jan. Search irs 11 – March 31 April 15 April 1 – May 31 June 16 June 1 – August 31 September 15 Sept. Search irs 1 – Dec. Search irs 31 January 15  next year2 1If your tax year does not begin on January 1,  see Fiscal year taxpayers . Search irs 2See January payment . Search irs Saturday, Sunday, holiday rule. Search irs   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. Search irs January payment. Search irs   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. Search irs Example. Search irs Janet Adams does not pay any estimated tax for 2014. Search irs She files her 2014 income tax return and pays the balance due shown on her return on January 26, 2015. Search irs Janet's estimated tax for the fourth payment period is considered to have been paid on time. Search irs However, she may owe a penalty for not making the first three estimated tax payments, if required. Search irs Any penalty for not making those payments will be figured up to January 26, 2015. Search irs Fiscal year taxpayers. Search irs   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. Search irs   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. Search irs When To Start You do not have to make estimated tax payments until you have income on which you will owe income tax. Search irs 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. Search irs You have several options when paying estimated taxes. Search irs 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. Search irs If you choose to pay in installments, make your first payment by the due date for the first payment period. Search irs Make your remaining installment payments by the due dates for the later periods. Search irs To avoid any estimated tax penalties, all installments must be paid by their due date and for the required amount. Search irs No income subject to estimated tax during first period. Search irs   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. Search irs 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. Search irs Table 2-1 shows the dates for making installment payments. Search irs    Table 2-1. Search irs 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. Search irs 15     Jan. Search irs 15 next year April 1–May 31 June 16 Sept. Search irs 15     Jan. Search irs 15 next year June 1–Aug. Search irs 31 Sept. Search irs 15 Jan. Search irs 15 next year After Aug. Search irs 31 Jan. Search irs 15 next year (None) *See January payment and Saturday, Sunday, holiday rule . Search irs How much to pay to avoid penalty. Search irs   To determine how much you should pay by each payment due date, see How To Figure Each Payment , later. Search irs 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. Search irs The due dates for the first three payment periods, discussed under When To Pay Estimated Tax , earlier, do not apply to you. Search irs 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. Search irs Fiscal year farmers and fishermen. Search irs   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. Search irs 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. Search irs You should pay enough by each due date to avoid a penalty for that period. Search irs 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. Search irs The penalty is discussed in chapter 4. Search irs 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. Search irs Enter this amount on line 17. Search irs However, use this method only if your income is basically the same throughout the year. Search irs Change in estimated tax. Search irs   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. Search irs 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. Search irs If you do not receive your income evenly throughout the year, your required estimated tax payments may not be the same for each period. Search irs See Annualized Income Installment Method . Search irs Amended estimated tax. Search irs 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. Search irs Example. Search irs Early in 2014, Mira Roberts figures that her estimated tax due is $1,800. Search irs She makes estimated tax payments on April 15 and June 16 of $450 each ($1,800 ÷ 4). Search irs On July 10, she sells investment property at a gain. Search irs Her refigured estimated tax is $4,100. Search irs Her required estimated tax payment for the third payment period is $2,175, as shown in her filled-in Worksheet 2-14. Search irs If Mira's estimated tax does not change again, her required estimated tax payment for the fourth payment period will be $1,025. Search irs Worksheet 2-14. Search irs Amended Estimated Tax Worksheet—Illustrated               1. Search irs Amended total estimated tax due 1. Search irs $4,100 2. Search irs Multiply line 1 by:           50% (. Search irs 50) if next payment is due June 16, 2014           75% (. Search irs 75) if next payment is due September 15,  2014           100% (1. Search irs 00) if next payment is due January 15,  2015 2. Search irs 3,075     3. Search irs Estimated tax payments for all previous periods 3. Search irs 900     4. Search irs 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. Search irs $2,175       Note. Search irs If the payment on line 4 is due January 15, 2015, stop here. Search irs Otherwise, go to line 5. Search irs         5. Search irs Add lines 3 and 4 5. Search irs 3,075 6. Search irs Subtract line 5 from line 1 and enter the result (but not less than zero) 6. Search irs 1,025 7. Search irs 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. Search irs 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. Search irs $1,025 Worksheet 2-14. Search irs Amended Estimated Tax Worksheet—Blank               1. Search irs Amended total estimated tax due 1. Search irs   2. Search irs Multiply line 1 by:           50% (. Search irs 50) if next payment is due June 16, 2014           75% (. Search irs 75) if next payment is due September 15,  2014           100% (1. Search irs 00) if next payment is due January 15,  2015 2. Search irs       3. Search irs Estimated tax payments for all previous periods 3. Search irs       4. Search irs 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. Search irs         Note. Search irs If the payment on line 4 is due January 15, 2015, stop here. Search irs Otherwise, go to line 5. Search irs         5. Search irs Add lines 3 and 4 5. Search irs   6. Search irs Subtract line 5 from line 1 and enter the result (but not less than zero) 6. Search irs   7. Search irs 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. Search irs 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. Search irs   Underpayment penalty. Search irs   The penalty is figured separately for each payment period. Search irs 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. Search irs To see how you may be able to avoid or reduce this penalty, see Annualized Income Installment Method (Schedule AI) in chapter 4. Search irs 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. Search irs 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. Search irs To see whether you can pay less for any period, complete the 2014 Annualized Estimated Tax Worksheet (Worksheet 2-9). Search irs You first must complete the 2014 Estimated Tax Worksheet (Worksheet 2-1) through line 16b. Search irs Use the result you figure on line 32 of Worksheet 2-9 to make your estimated tax payments and complete your payment vouchers. Search irs Note. Search irs If you use the annualized income installment method to figure your estimated tax payments, you must file Form 2210 with your 2014 tax return. Search irs See Annualized Income Installment Method (Schedule AI) in chapter 4 for more information. Search irs Instructions for the 2014 Annualized Estimated Tax Worksheet (Worksheet 2-9) Use Worksheet 2-9 to help you follow these instructions. Search irs 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. Search irs The top of the worksheet shows the dates for each payment period. Search irs The periods build; that is, each period includes all previous periods. Search irs After the end of each payment period, complete the corresponding worksheet column to figure the payment due for that period. Search irs Line 1. Search irs   Enter your AGI for the period. Search irs 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. Search irs See Expected AGI—Line 1 , earlier. Search irs Self-employment income. Search irs   If you had self-employment income, first complete Section B of this worksheet. Search irs Use the amounts on line 43 when figuring your expected AGI to enter in each column of Section A, line 1. Search irs Line 4. Search irs   Be sure to consider all deduction limits figured on Schedule A (Form 1040), such as reducing your medical expenses by 10% (7. Search irs 5% if either you or your spouse was born before January 2, 1950) or reducing certain miscellaneous deductions by 2% of your AGI. Search irs Figure your deduction limits using your expected AGI in the corresponding column of line 1 (2014 Annualized Estimated Tax Worksheet (Worksheet 2-9)). Search irs Line 6. Search irs   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. Search irs In that case, use Worksheet 2-10 to figure the amount to enter on line 6. Search irs Complete Worksheet 2–10 for each period, as necessary. Search irs Line 7. Search irs   If you will not itemize your deductions, use Worksheet 2-4 to figure your standard deduction. Search irs Line 10. Search irs   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. Search irs   In that case, use Worksheet 2-11 to figure the amount to enter on line 10. Search irs Line 12. Search irs   Generally, you will use the Tax Rate Schedules to figure the tax on your annualized income. Search irs However, see below for situations where you must use a different method to compute your estimated tax. Search irs Tax on child's investment income. Search irs   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. Search irs Children under age 18 at the end of 2014. Search irs The following children if their earned income is not more than half their support. Search irs Children age 18 at the end of 2014. Search irs Children who are full-time students over age 18 and under age 24 at the end of 2014. Search irs See Publication 929. Search irs Tax on net capital gain. Search irs   The regular income tax rates for individuals do not apply to a net capital gain. Search irs Instead, your net capital gain is taxed at a lower maximum rate. Search irs   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. Search irs Tax on qualified dividends and capital gains. Search irs   For 2014, your capital gain and dividends rate will depend on your income. Search irs Tax on capital gain or qualified dividends. Search irs 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. Search irs Tax if excluding foreign earned income or excluding or deducting foreign housing. Search irs 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. Search irs Line 13. Search irs   If you file Form 1040, add the tax from Forms 8814, 4972, and 6251 for the period. Search irs If you file Form 1040A, add the amount from the Alternative Minimum Tax Worksheet found in the instructions. Search irs Also include any recapture of an education credit for each period. Search irs 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. Search irs   Use the 2013 forms or worksheets to see if you will owe any of the taxes discussed above. Search irs Figure the tax based on your income and deductions during the period shown in the column headings. Search irs Multiply this amount by the annualization amounts shown for each column on line 2 of the 2014 Annualized Estimated Tax Worksheet (Worksheet 2-9). Search irs Enter the result on line 13 of this worksheet. Search irs Line 15. Search irs   Include all the nonrefundable credits you expect to claim because of events that will occur during the period. Search irs Note. Search irs When figuring your credits for each period, annualize any item of income or deduction to figure each credit. Search irs 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. Search irs Line 18. Search irs   Add your expected other taxes. Search irs   Other taxes include the following. Search irs 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. Search irs 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. Search irs Amounts on Form 1040 written on the line for “other taxes” (line 60 on the 2013 Form 1040). Search irs 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. Search irs Repayment of the first-time homebuyer credit if the home will cease to be your main home in 2014. Search irs See Form 5405 for exceptions. Search irs Additional Medicare Tax. Search irs A 0. Search irs 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. Search irs 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. Search irs A self-employment loss should not be considered for purposes of this tax. Search irs RRTA compensation should be separately compared to the threshold. Search irs Your employer is responsible for withholding the 0. Search irs 9% Additional Medicare Tax on Medicare wages or RRTA compensation it pays you in excess of $200,000 in 2014. Search irs You should consider this withholding, if applicable, in determining whether you need to make an estimated payment. Search irs For more information on Additional Medicare Tax, go to IRS. Search irs gov and enter “Additional Medicare Tax” in the search box. Search irs Net Investment Income Tax (NIIT). Search irs The NIIT is 3. Search irs 8% of the lesser of your net investment income or the excess of your modified adjusted gross income over a specified threshold amount. Search irs 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. Search irs gov and enter “Net Investment Income Tax” in the search box. Search irs Line 20. Search irs   Include all the refundable credits (other than withholding credits) you can claim because of events that occurred during the period. Search irs Note. Search irs When figuring your refundable credits for each period, annualize any item of income or deduction used to figure each credit. Search irs Line 29. Search irs   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. Search irs Line 31. Search irs   For each period, include estimated tax payments made and any excess social security and railroad retirement tax. Search irs   Also include estimated federal income tax withholding. Search irs One-fourth of your estimated withholding is considered withheld on the due date of each payment period. Search irs To figure the amount to include on line 31 for each period, multiply your total expected withholding for 2014 by: 25% (. Search irs 25) for the first period, 50% (. Search irs 50) for the second period, 75% (. Search irs 75) for the third period, and 100% (1. Search irs 00) for the fourth period. Search irs   However, you may choose to include your withholding according to the actual dates on which the amounts will be withheld. Search irs For each period, include withholding made from the beginning of the period up to and including the payment due date. Search irs You can make this choice separately for the taxes withheld from your wages and all other withholding. Search irs For an explanation of what to include in withholding, see Total Estimated Tax Payments Needed—Line 16a , earlier. Search irs Nonresident aliens. Search irs   If you will file Form 1040NR and you do not receive wages as an employee subject to U. Search irs S. Search irs income tax withholding, the instructions for the worksheet are modified as follows. Search irs Skip column (a). Search irs On line 1, enter your income for the period that is effectively connected with a U. Search irs S. Search irs trade or business. Search irs 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. Search irs S. Search irs trade or business by the following. Search irs 72% for column (b). Search irs 45% for column (c). Search irs 30% for column (d). Search irs However, if you can use a treaty rate lower than 30%, use the percentages determined by multiplying your treaty rate by 2. Search irs 4, 1. Search irs 5, and 1, respectively. Search irs 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. Search irs On lines 24 and 27, skip column (b). Search irs 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). Search irs See Publication 519 for more information. Search irs 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. Search irs 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. Search irs How To Pay Estimated Tax There are several ways to pay estimated tax. Search irs Credit an overpayment on your 2013 return to your 2014 estimated tax. Search irs Pay by direct transfer from your bank account, or pay by credit or debit card using a pay-by-phone system or the Internet. Search irs Send in your payment (check or money order) with a payment voucher from Form 1040-ES. Search irs 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. Search irs On Form 1040, or Form 1040A, enter the amount you want credited to your estimated tax rather than refunded. Search irs Take the amount you have credited into account when figuring your estimated tax payments. Search irs If you timely file your 2013 return, treat the credit as a payment made on April 15, 2014. Search irs 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. Search irs 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. Search irs You also cannot use that overpayment in any other way. Search irs Example. Search irs When Kathleen finished filling out her 2013 tax return, she saw that she had overpaid her taxes by $750. Search irs Kathleen knew she would owe additional tax in 2014. Search irs She credited $600 of the overpayment to her 2014 estimated tax and had the remaining $150 refunded to her. Search irs In September, she amended her 2013 return by filing Form 1040X, Amended U. Search irs S. Search irs Individual Income Tax Return. Search irs It turned out that she owed $250 more in tax than she had thought. Search irs This reduced her 2013 overpayment from $750 to $500. Search irs 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. Search irs Kathleen could not use any of the $600 she had credited to her 2014 estimated tax to pay this bill. Search irs Pay Online Paying online is convenient and secure and helps make sure we get your payments on time. Search irs You can make your estimated tax payments online when you e-file or at any time during the year. Search irs You can pay using either of the following electronic payment methods. Search irs Direct transfer from your bank account. Search irs Credit or debit card. Search irs To pay your taxes online or for more information, go to www. Search irs irs. Search irs gov/e-pay. Search irs Pay by Phone Paying by phone is another safe and secure method of paying electronically. Search irs Use one of the following methods. Search irs Direct transfer from your bank account. Search irs Credit or debit card. Search irs 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. Search irs To pay using a credit or debit card, you can call one of the following service providers. Search irs There is a convenience fee charged by these providers that varies by provider, card type, and payment amount. Search irs WorldPay 1-888-9-PAY-TAXTM (1-888-972-9829) www. Search irs payUSAtax. Search irs com Official Payments Corporation 1-888-UPAY-TAXTM (1-888-872-9829) www. Search irs officialpayments. Search irs com Link2GOV Corporation 1-888-PAY-1040TM (1-888-729-1040) www. Search irs PAY1040. Search irs com For the latest details on how to pay by phone, go to www. Search irs irs. Search irs gov/e-pay. Search irs 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. Search irs 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. Search irs Do not use the address shown in the Form 1040 or Form 1040A instructions. Search irs If you did not pay estimated tax last year, get a copy of Form 1040-ES from the IRS (see chapter 5). Search irs Follow the instructions to make sure you use the vouchers correctly. Search irs Joint estimated tax payments. Search irs    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. Search irs Change of address. Search irs    You must notify the IRS if you are making estimated tax payments and you changed your address during the year. Search irs Complete Form 8822, Change of Address, and mail it to the address shown in the instructions for that form. Search irs Worksheets for Chapter 2 Use the following worksheets and tables to figure your correct estimated tax. Search irs IF you need. Search irs . Search irs . Search irs THEN use. Search irs . Search irs . Search irs 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. Search irs Use them only to figure your 2014 estimated taxes. Search irs 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. Search irs 0%   $0 $0 $12,950     10. Search irs 0%   $0 9,075 36,900 $907. Search irs 50 + 15. Search irs 0%   9,075 12,950 49,400 $1,295. Search irs 00 + 15. Search irs 0%   12,950 36,900 89,350 5,081. Search irs 25 + 25. Search irs 0%   36,900 49,400 127,550 6,762. Search irs 50 + 25. Search irs 0%   49,400 89,350 186,350 18,193. Search irs 75 + 28. Search irs 0%   89,350 127,550 206,600 26,300. Search irs 00 + 28. Search irs 0%   127,550 186,350 405,100 45,353. Search irs 75 + 33. Search irs 0%   186,350 206,600 405,100 48,434. Search irs 00 + 33. Search irs 0%   206,600 405,100 406,750 117,541. Search irs 25 + 35. Search irs 0%   405,100 405,100 432,200 113,939. Search irs 00 + 35. Search irs 0%   405,100 406,750 - - - - - - 118,118. Search irs 75 + 39. Search irs 6%   406,750 432,200 - - - - - - 123,424. Search irs 00 + 39. Search irs 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. Search irs 0%   $0 $0 $9,075     10. Search irs 0%   $0 18,150 73,800 $1,815. Search irs 00 + 15. Search irs 0%   18,150 9,075 36,900 $907. Search irs 50 + 15. Search irs 0%   9,075 73,800 148,850 10,162. Search irs 50 + 25. Search irs 0%   73,800 36,900 74,425 5,081. Search irs 25 + 25. Search irs 0%   36,900 148,850 226,850 28,925. Search irs 00 + 28. Search irs 0%   148,850 74,425 113,425 14,462. Search irs 50 + 28. Search irs 0%   74,425 226,850 405,100 50,765. Search irs 00 + 33. Search irs 0%   226,850 113,425 202,550 25,382. Search irs 50 + 33. Search irs 0%   113,425 405,100 457,600 109,587. Search irs 50 + 35. Search irs 0%   405,100 202,550 228,800 54,793. Search irs 75 + 35. Search irs 0%   202,550 457,600 - - - - - - 127,962. Search irs 50 + 39. Search irs 6%   457,600 228,800 - - - - - - 63,981. Search irs 25 + 39. Search irs 6%   228,800                             Worksheet 2-1. Search irs 2014 Estimated Tax Worksheet When this worksheet refers you to instructions, you can find those instructions in the Instructions for 2014 Form 1040-ES. Search irs 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. Search irs  Caution: If line 1 is over $152,525, your deduction may be reduced. Search irs See Worksheet 2-5. Search irs If you do not plan to itemize deductions, enter your standard deduction. Search irs 2     3 Subtract line 2 from line 1 3     4 Exemptions. Search irs Multiply $3,950 by the number of personal exemptions. Search irs  Caution: If line 1 is over $152,525, the amount of your personal exemptions may be limited. Search irs See Worksheet 2-6. Search irs 4     5 Subtract line 4 from line 3 5     6 Tax. Search irs 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. Search irs Add to this amount any other taxes you expect to include in the total on Form 1040, line 44 8     9 Credits (see instructions). Search irs Do not include any income tax withholding on this line 9     10 Subtract line 9 from line 8. Search irs 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. Search irs Subtract line 13b from line 13a. Search irs 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. Search irs 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. Search irs To avoid a penalty, make sure your estimate on line 13c is as accurate as possible. Search irs Even if you pay the required annual payment, you may still owe tax when you file your return. Search irs If you prefer, you can pay the amount shown on line 13c. Search irs                         15 Income tax withheld and estimated to be withheld during 2014 (including income tax withholding on pensions, annuities, certain deferred income, etc. Search irs ) 15     16a Subtract line 15 from line 14c 16a             Is the result zero or less? □ Yes. Search irs Stop here. Search irs You are not required to make estimated tax payments. Search irs  □ No. Search irs Go to line 16b. Search irs             b Subtract line 15 from line 13c 16b             Is the result less than $1,000? □ Yes. Search irs Stop here. Search irs You are not required to make estimated tax payments. Search irs  □ No. Search irs Go to line 17 to figure your required payment. Search irs                         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. Search irs 2014 Estimated Tax Worksheet—Line 1 Estimated Taxable Social Security and Railroad Retirement Benefits Note. Search irs 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. Search irs     1. Search irs Enter your expected social security and railroad retirement benefits 1. Search irs   2. Search irs Enter one-half of line 1 2. Search irs   3. Search irs Enter your expected total income. Search irs Do not include any social security and railroad retirement benefits, nontaxable interest income, nontaxable IRA distributions, or nontaxable pension distributions 3. Search irs   4. Search irs Enter your expected nontaxable interest income 4. Search irs   5. Search irs Enter (as a positive amount) the total of any expected exclusions or deductions for: U. Search irs S. Search irs 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. Search irs   6. Search irs Add lines 2, 3, 4, and 5 6. Search irs   7. Search irs Enter your expected adjustments to income. Search irs Do not include any student loan interest deduction 7. Search irs   8. Search irs Subtract line 7 from line 6. Search irs If zero or less, stop here. Search irs  Note. Search irs 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. Search irs   9. Search irs 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. Search irs   10. Search irs Subtract line 9 from line 8. Search irs If zero or less, stop here. Search irs  Note. Search irs 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. Search irs   11. Search irs 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. Search irs   12. Search irs Subtract line 11 from line 10. Search irs If zero or less, enter -0- 12. Search irs   13. Search irs Enter the smaller of line 10 or line 11 13. Search irs   14. Search irs Enter one-half of line 13 14. Search irs   15

The Search Irs

Search irs 5. Search irs   How To Get Tax Help Table of Contents Go online, use a smart phone, call or walk in to an office near you. Search irs Whether it's help with a tax issue, preparing your tax return or picking up a free publication or form, get the help you need the way you want it. Search irs Free help with your tax return. Search irs    Free help in preparing your return is available nationwide from IRS-certified volunteers. Search irs The Volunteer Income Tax Assistance (VITA) program is designed to help low-to-moderate income, elderly, persons with disabilities, and limited English proficient taxpayers. Search irs The Tax Counseling for the Elderly (TCE) program is designed to assist taxpayers age 60 and older with their tax returns. Search irs Most VITA and TCE sites offer free electronic filing and all volunteers will let you know about credits and deductions you may be entitled to claim. Search irs Some VITA and TCE sites provide taxpayers the opportunity to prepare their return with the assistance of an IRS-certified volunteer. Search irs To find the nearest VITA or TCE site, visit IRS. Search irs gov or call 1-800-906-9887. Search irs   As part of the TCE program, AARP offers the Tax-Aide counseling program. Search irs To find the nearest AARP Tax-Aide site, visit AARP's website at www. Search irs aarp. Search irs org/money/taxaide or call 1-888-227-7669. Search irs   For more information on these programs, go to IRS. Search irs gov and enter “VITA” in the search box. Search irs Internet. Search irs IRS. Search irs gov and IRS2Go are ready when you are — every day, every night, 24 hours a day, 7 days a week. Search irs Apply for an Employer Identification Number (EIN). Search irs Go to IRS. Search irs gov and enter Apply for an EIN in the search box. Search irs Request an Electronic Filing PIN by going to IRS. Search irs gov and entering Electronic Filing PIN in the search box. Search irs Check the status of your 2013 refund with Where's My Refund? Go to IRS. Search irs gov or the IRS2Go app, and click on Where's My Refund? You'll get a personalized refund date as soon as the IRS processes your tax return and approves your refund. Search irs If you e-file, your refund status is usually available within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. Search irs Check the status of your amended return. Search irs Go to IRS. Search irs gov and enter Where's My Amended Return in the search box. Search irs Download forms, instructions, and publications, including some accessible versions. Search irs Order free transcripts of your tax returns or tax account using the Order a Transcript tool on IRS. Search irs gov or IRS2Go. Search irs Tax return and tax account transcripts are generally available for the current year and past three years. Search irs Figure your income tax withholding with the IRS Withholding Calculator on IRS. Search irs gov. Search irs Use it if you've had too much or too little withheld, your personal situation has changed, you're starting a new job or you just want to see if you're having the right amount withheld. Search irs Determine if you might be subject to the Alternative Minimum Tax by using the Alternative Minimum Tax Assistant on IRS. Search irs gov. Search irs Locate the nearest Taxpayer Assistance Center using the Office Locator tool on IRS. Search irs gov or IRS2Go. Search irs Stop by most business days for face-to-face tax help, no appointment necessary — just walk in. Search irs An employee can explain IRS letters, request adjustments to your tax account or help you set up a payment plan. Search irs Before you visit, check the Office Locator for the address, phone number, hours of operation and the services provided. Search irs If you have an ongoing tax account problem or a special need, such as a disability, you can request an appointment. Search irs Call the local number listed in the Office Locator, or look in the phone book under United States Government, Internal Revenue Service. Search irs Locate the nearest volunteer help site with the VITA Locator Tool on IRS. Search irs gov. Search irs Low-to-moderate income, elderly, persons with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. Search irs The Tax Counseling for the Elderly (TCE) program helps taxpayers 60 and older with their tax returns. Search irs Most VITA and TCE sites offer free electronic filing and some provide IRS-certified volunteers who can help prepare your tax return. Search irs AARP offers the Tax-Aide counseling program as part of the TCE program. Search irs Visit AARP's website to find the nearest Tax-Aide location. Search irs Research your tax questions. Search irs Search publications and instructions by topic or keyword. Search irs Read the Internal Revenue Code, regulations, or other official guidance. Search irs Read Internal Revenue Bulletins. Search irs Sign up to receive local and national tax news by email. Search irs Phone. Search irs You can call the IRS, or you can carry it in your pocket with the IRS2Go app on your smart phone or tablet. Search irs Download the free IRS2Go mobile app from the iTunes app store or from Google Play. Search irs Use it to watch the IRS YouTube channel, get IRS news as soon as it's released to the public, order transcripts of your tax returns or tax account, check your refund status, subscribe to filing season updates or daily tax tips, and follow the IRS Twitter news feed, @IRSnews, to get the latest federal tax news, including information about tax law changes and important IRS programs. Search irs Call to locate the nearest volunteer help site, 1-800-906-9887. Search irs Low-to-moderate income, elderly, persons with disabilities, and limited English proficient taxpayers can get free help with their tax return from the nationwide Volunteer Income Tax Assistance (VITA) program. Search irs The Tax Counseling for the Elderly (TCE) program helps taxpayers 60 and older with their tax returns. Search irs Most VITA and TCE sites offer free electronic filing. Search irs Some VITA and TCE sites provide IRS-certified volunteers who can help prepare your tax return. Search irs Through the TCE program, AARP offers the Tax-Aide counseling program; call 1-888-227-7669 to find the nearest Tax-Aide location. Search irs Call to check the status of your 2013 refund, 1-800-829-1954 or 1-800-829-4477. Search irs The automated Where's My Refund? information is available 24 hours a day, 7 days a week. Search irs If you e-file, your refund status is usually available within 24 hours after the IRS receives your tax return or 4 weeks after you've mailed a paper return. Search irs Before you call, have your 2013 tax return handy so you can provide your social security number, your filing status, and the exact whole dollar amount of your refund. Search irs Where's My Refund? can give you a personalized refund date as soon as the IRS processes your tax return and approves your refund. Search irs Where's My Refund? includes information for the most recent return filed in the current year and does not include information about amended returns. Search irs Call the Amended Return Hotline, 1-866-464-2050, to check the status of your amended return. Search irs Call to order forms, instructions and publications, 1-800-TAX-FORM (1-800-829-3676) to order current-year forms, instructions and publications, and prior-year forms and instructions (limited to 5 years). Search irs You should receive your order within 10 business days. Search irs Call to order transcripts of your tax returns or tax account, 1-800-908-9946. Search irs Follow the prompts to provide your Social Security Number or Individual Taxpayer Identification Number, date of birth, street address and ZIP code. Search irs Call for TeleTax topics, 1-800-829-4477, to listen to pre-recorded messages covering various tax topics. Search irs Call to ask tax questions, 1-800-829-1040. Search irs Call using TTY/TDD equipment, 1-800-829-4059 to ask tax questions or order forms and publications. Search irs The TTY/TDD telephone number is for people who are deaf, hard of hearing, or have a speech disability. Search irs These individuals can also contact the IRS through relay services such as the Federal Relay Service available at www. Search irs gsa. Search irs gov/fedrelay. Search irs Walk-in. Search irs You can find a selection of forms, publications and services — in-person, face-to-face. Search irs Products. Search irs You can walk in to some post offices, libraries, and IRS offices to pick up certain forms, instructions, and publications. Search irs Some IRS offices, libraries, and city and county government offices have a collection of products available to photocopy from reproducible proofs. Search irs Services. Search irs You can walk in to your local TAC most business days for personal, face-to-face tax help. Search irs An employee can explain IRS letters, request adjustments to your tax account, or help you set up a payment plan. Search irs If you need to resolve a tax problem, have questions about how the tax law applies to your individual tax return, or you are more comfortable talking with someone in person, visit your local TAC where you can talk with an IRS representative face-to-face. Search irs No appointment is necessary—just walk in. Search irs Before visiting, check www. Search irs irs. Search irs gov/localcontacts for hours of operation and services provided. Search irs Mail. Search irs You can send your order for forms, instructions, and publications to the address below. Search irs You should receive a response within 10 business days after your request is received. Search irs  Internal Revenue Service 1201 N. Search irs Mitsubishi Motorway Bloomington, IL 61705-6613 The Taxpayer Advocate Service Is Here to Help You. Search irs    The Taxpayer Advocate Service (TAS) is your voice at the IRS. Search irs Our job is to ensure that every taxpayer is treated fairly and that you know and understand your rights. Search irs What can TAS do for you?    We can offer you free help with IRS problems that you can't resolve on your own. Search irs We know this process can be confusing, but the worst thing you can do is nothing at all! TAS can help if you can't resolve your tax problem and: Your problem is causing financial difficulties for you, your family, or your business. Search irs You face (or your business is facing) an immediate threat of adverse action. Search irs You've tried repeatedly to contact the IRS but no one has responded, or the IRS hasn't responded by the date promised. Search irs   If you qualify for our help, you'll be assigned to one advocate who'll be with you at every turn and will do everything possible to resolve your problem. Search irs Here's why we can help: TAS is an independent organization within the IRS. Search irs Our advocates know how to work with the IRS. Search irs Our services are free and tailored to meet your needs. Search irs We have offices in every state, the District of Columbia, and Puerto Rico. Search irs How can you reach us?    If you think TAS can help you, call your local advocate, whose number is in your local directory and at www. Search irs irs. Search irs gov/advocate, or call us toll-free at 1-877-777-4778. Search irs How else does TAS help taxpayers?    TAS also works to resolve large-scale, systemic problems that affect many taxpayers. Search irs If you know of one of these broad issues, please report it to us through our Systemic Advocacy Management System at www. Search irs irs. Search irs gov/sams. Search irs Low Income Taxpayer Clinics. Search irs    Low Income Taxpayer Clinics (LITCs) serve individuals whose income is below a certain level and need to resolve tax problems such as audits, appeals, and tax collection disputes. Search irs Some clinics can provide information about taxpayer rights and responsibilities in different languages for individuals who speak English as a second language. Search irs Visit www. Search irs TaxpayerAdvocate. Search irs irs. Search irs gov or see IRS Publication 4134, Low Income Taxpayer Clinic List. Search irs Prev  Up  Next   Home   More Online Publications