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1040ez For 2012

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1040ez For 2012

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The 1040ez For 2012

1040ez for 2012 6. 1040ez for 2012   Estimated Tax Table of Contents Who Must Make Estimated Tax Payments Estimated tax is a method used to pay tax on income that is not subject to withholding. 1040ez for 2012 This income includes self-employment income, interest, dividends, alimony, rent, gains from the sale of assets, prizes, and awards. 1040ez for 2012 Income tax generally is withheld from pensions and annuity payments you receive. 1040ez for 2012 However, if the tax withheld from your pension (or other) income is not enough, you may have to pay estimated tax. 1040ez for 2012 If you do not pay enough tax through withholding, by making estimated tax payments, or both, you may be charged a penalty. 1040ez for 2012 Who Must Make Estimated Tax Payments If you had a tax liability for 2013, you may have to pay estimated tax for 2014. 1040ez for 2012 In most cases, you must pay estimated tax for 2014 if both of the following apply. 1040ez for 2012 You expect to owe at least $1,000 in tax for 2014, after subtracting your withholding and refundable credits. 1040ez for 2012 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. 1040ez for 2012 The 2013 tax return must cover all 12 months. 1040ez for 2012 If all of your income will be subject to income tax withholding, you probably do not need to make estimated tax payments. 1040ez for 2012 For more information on estimated tax, see Publication 505. 1040ez for 2012 Prev  Up  Next   Home   More Online Publications