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2012 State Tax Form

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2012 State Tax Form

2012 state tax form 22. 2012 state tax form   Taxes Table of Contents IntroductionIndian tribal government. 2012 state tax form Useful Items - You may want to see: Tests To Deduct Any Tax Income TaxesState and Local Income Taxes Foreign Income Taxes General Sales TaxesMotor vehicles. 2012 state tax form Real Estate TaxesReal estate taxes for prior years. 2012 state tax form Examples. 2012 state tax form Form 1099-S. 2012 state tax form Real Estate-Related Items You Cannot Deduct Personal Property Taxes Taxes and Fees You Cannot Deduct Where To Deduct Introduction This chapter discusses which taxes you can deduct if you itemize deductions on Schedule A (Form 1040). 2012 state tax form It also explains which taxes you can deduct on other schedules or forms and which taxes you cannot deduct. 2012 state tax form This chapter covers the following topics. 2012 state tax form Income taxes (federal, state, local, and foreign). 2012 state tax form General sales taxes (state and local). 2012 state tax form Real estate taxes (state, local, and foreign). 2012 state tax form Personal property taxes (state and local). 2012 state tax form Taxes and fees you cannot deduct. 2012 state tax form Use Table 22-1 as a guide to determine which taxes you can deduct. 2012 state tax form The end of the chapter contains a section that explains which forms you use to deduct different types of taxes. 2012 state tax form Business taxes. 2012 state tax form   You can deduct certain taxes only if they are ordinary and necessary expenses of your trade or business or of producing income. 2012 state tax form For information on these taxes, see Publication 535, Business Expenses. 2012 state tax form State or local taxes. 2012 state tax form   These are taxes imposed by the 50 states, U. 2012 state tax form S. 2012 state tax form possessions, or any of their political subdivisions (such as a county or city), or by the District of Columbia. 2012 state tax form Indian tribal government. 2012 state tax form   An Indian tribal government recognized by the Secretary of the Treasury as performing substantial government functions will be treated as a state for purposes of claiming a deduction for taxes. 2012 state tax form Income taxes, real estate taxes, and personal property taxes imposed by that Indian tribal government (or by any of its subdivisions that are treated as political subdivisions of a state) are deductible. 2012 state tax form General sales taxes. 2012 state tax form   These are taxes imposed at one rate on retail sales of a broad range of classes of items. 2012 state tax form Foreign taxes. 2012 state tax form   These are taxes imposed by a foreign country or any of its political subdivisions. 2012 state tax form Useful Items - You may want to see: Publication 514 Foreign Tax Credit for Individuals 530 Tax Information for Homeowners Form (and Instructions) Schedule A (Form 1040) Itemized Deductions Schedule E (Form 1040) Supplemental Income and Loss 1116 Foreign Tax Credit Tests To Deduct Any Tax The following two tests must be met for you to deduct any tax. 2012 state tax form The tax must be imposed on you. 2012 state tax form You must pay the tax during your tax year. 2012 state tax form The tax must be imposed on you. 2012 state tax form   In general, you can deduct only taxes imposed on you. 2012 state tax form   Generally, you can deduct property taxes only if you are an owner of the property. 2012 state tax form If your spouse owns the property and pays the real estate taxes, the taxes are deductible on your spouse's separate return or on your joint return. 2012 state tax form You must pay the tax during your tax year. 2012 state tax form   If you are a cash basis taxpayer, you can deduct only those taxes you actually paid during your tax year. 2012 state tax form If you pay your taxes by check, the day you mail or deliver the check is the date of payment, provided the check is honored by the financial institution. 2012 state tax form If you use a pay-by-phone account (such as a credit card or electronic funds withdrawal), the date reported on the statement of the financial institution showing when payment was made is the date of payment. 2012 state tax form If you contest a tax liability and are a cash basis taxpayer, you can deduct the tax only in the year you actually pay it (or transfer money or other property to provide for satisfaction of the contested liability). 2012 state tax form See Publication 538, Accounting Periods and Methods, for details. 2012 state tax form    If you use an accrual method of accounting, see Publication 538 for more information. 2012 state tax form Income Taxes This section discusses the deductibility of state and local income taxes (including employee contributions to state benefit funds) and foreign income taxes. 2012 state tax form State and Local Income Taxes You can deduct state and local income taxes. 2012 state tax form However, you can elect to deduct state and local general sales taxes instead of state and local income taxes. 2012 state tax form See General Sales Taxes , later. 2012 state tax form Exception. 2012 state tax form    You cannot deduct state and local income taxes you pay on income that is exempt from federal income tax, unless the exempt income is interest income. 2012 state tax form For example, you cannot deduct the part of a state's income tax that is on a cost-of-living allowance exempt from federal income tax. 2012 state tax form What To Deduct Your deduction may be for withheld taxes, estimated tax payments, or other tax payments as follows. 2012 state tax form Withheld taxes. 2012 state tax form   You can deduct state and local income taxes withheld from your salary in the year they are withheld. 2012 state tax form Your Form(s) W-2 will show these amounts. 2012 state tax form Forms W-2G, 1099-G, 1099-R, and 1099-MISC may also show state and local income taxes withheld. 2012 state tax form Estimated tax payments. 2012 state tax form   You can deduct estimated tax payments you made during the year to a state or local government. 2012 state tax form However, you must have a reasonable basis for making the estimated tax payments. 2012 state tax form Any estimated state or local tax payments that are not made in good faith at the time of payment are not deductible. 2012 state tax form For example, you made an estimated state income tax payment. 2012 state tax form However, the estimate of your state tax liability shows that you will get a refund of the full amount of your estimated payment. 2012 state tax form You had no reasonable basis to believe you had any additional liability for state income taxes and you cannot deduct the estimated tax payment. 2012 state tax form Refund applied to taxes. 2012 state tax form   You can deduct any part of a refund of prior-year state or local income taxes that you chose to have credited to your 2013 estimated state or local income taxes. 2012 state tax form    Do not reduce your deduction by either of the following items. 2012 state tax form Any state or local income tax refund (or credit) you expect to receive for 2013. 2012 state tax form Any refund of (or credit for) prior-year state and local income taxes you actually received in 2013. 2012 state tax form   However, part or all of this refund (or credit) may be taxable. 2012 state tax form See Refund (or credit) of state or local income taxes , later. 2012 state tax form Separate federal returns. 2012 state tax form   If you and your spouse file separate state, local, and federal income tax returns, you each can deduct on your federal return only the amount of your own state and local income tax that you paid during the tax year. 2012 state tax form Joint state and local returns. 2012 state tax form   If you and your spouse file joint state and local returns and separate federal returns, each of you can deduct on your separate federal return a part of the total state and local income taxes paid during the tax year. 2012 state tax form You can deduct only the amount of the total taxes that is proportionate to your gross income compared to the combined gross income of you and your spouse. 2012 state tax form However, you cannot deduct more than the amount you actually paid during the year. 2012 state tax form You can avoid this calculation if you and your spouse are jointly and individually liable for the full amount of the state and local income taxes. 2012 state tax form If so, you and your spouse can deduct on your separate federal returns the amount you each actually paid. 2012 state tax form Joint federal return. 2012 state tax form   If you file a joint federal return, you can deduct the total of the state and local income taxes both of you paid. 2012 state tax form Contributions to state benefit funds. 2012 state tax form    As an employee, you can deduct mandatory contributions to state benefit funds withheld from your wages that provide protection against loss of wages. 2012 state tax form For example, certain states require employees to make contributions to state funds providing disability or unemployment insurance benefits. 2012 state tax form Mandatory payments made to the following state benefit funds are deductible as state income taxes on Schedule A (Form 1040), line 5. 2012 state tax form Alaska Unemployment Compensation Fund. 2012 state tax form California Nonoccupational Disability Benefit Fund. 2012 state tax form New Jersey Nonoccupational Disability Benefit Fund. 2012 state tax form New Jersey Unemployment Compensation Fund. 2012 state tax form New York Nonoccupational Disability Benefit Fund. 2012 state tax form Pennsylvania Unemployment Compensation Fund. 2012 state tax form Rhode Island Temporary Disability Benefit Fund. 2012 state tax form Washington State Supplemental Workmen's Compensation Fund. 2012 state tax form    Employee contributions to private or voluntary disability plans are not deductible. 2012 state tax form Refund (or credit) of state or local income taxes. 2012 state tax form   If you receive a refund of (or credit for) state or local income taxes in a year after the year in which you paid them, you may have to include the refund in income on Form 1040, line 10, in the year you receive it. 2012 state tax form This includes refunds resulting from taxes that were overwithheld, applied from a prior year return, not figured correctly, or figured again because of an amended return. 2012 state tax form If you did not itemize your deductions in the previous year, do not include the refund in income. 2012 state tax form If you deducted the taxes in the previous year, include all or part of the refund on Form 1040, line 10, in the year you receive the refund. 2012 state tax form For a discussion of how much to include, see Recoveries in chapter 12. 2012 state tax form Foreign Income Taxes Generally, you can take either a deduction or a credit for income taxes imposed on you by a foreign country or a U. 2012 state tax form S. 2012 state tax form possession. 2012 state tax form However, you cannot take a deduction or credit for foreign income taxes paid on income that is exempt from U. 2012 state tax form S. 2012 state tax form tax under the foreign earned income exclusion or the foreign housing exclusion. 2012 state tax form For information on these exclusions, see Publication 54, Tax Guide for U. 2012 state tax form S. 2012 state tax form Citizens and Resident Aliens Abroad. 2012 state tax form For information on the foreign tax credit, see Publication 514. 2012 state tax form General Sales Taxes You can elect to deduct state and local general sales taxes, instead of state and local income taxes, as an itemized deduction on Schedule A (Form 1040), line 5b. 2012 state tax form You can use either your actual expenses or the state and local sales tax tables to figure your sales tax deduction. 2012 state tax form Actual expenses. 2012 state tax form   Generally, you can deduct the actual state and local general sales taxes (including compensating use taxes) if the tax rate was the same as the general sales tax rate. 2012 state tax form However, sales taxes on food, clothing, medical supplies, and motor vehicles are deductible as a general sales tax even if the tax rate was less than the general sales tax rate. 2012 state tax form If you paid sales tax on a motor vehicle at a rate higher than the general sales tax rate, you can deduct only the amount of tax that you would have paid at the general sales tax rate on that vehicle. 2012 state tax form If you use the actual expenses method, you must have receipts to show the general sales taxes paid. 2012 state tax form Do not include sales taxes paid on items used in your trade or business. 2012 state tax form Motor vehicles. 2012 state tax form   For purposes of this section, motor vehicles include cars, motorcycles, motor homes, recreational vehicles, sport utility vehicles, trucks, vans, and off-road vehicles. 2012 state tax form This also includes sales taxes on a leased motor vehicle, but not on vehicles used in your trade or business. 2012 state tax form Optional sales tax tables. 2012 state tax form   Instead of using your actual expenses, you can figure your state and local general sales tax deduction using the state and local sales tax tables in the Instructions for Schedule A (Form 1040). 2012 state tax form You may also be able to add the state and local general sales taxes paid on certain specified items. 2012 state tax form   Your applicable table amount is based on the state where you live, your income, and the number of exemptions claimed on your tax return. 2012 state tax form Your income is your adjusted gross income plus any nontaxable items such as the following. 2012 state tax form Tax-exempt interest. 2012 state tax form Veterans' benefits. 2012 state tax form Nontaxable combat pay. 2012 state tax form Workers' compensation. 2012 state tax form Nontaxable part of social security and railroad retirement benefits. 2012 state tax form Nontaxable part of IRA, pension, or annuity distributions, excluding rollovers. 2012 state tax form Public assistance payments. 2012 state tax form If you lived in different states during the same tax year, you must prorate your applicable table amount for each state based on the days you lived in each state. 2012 state tax form See the Instructions for Schedule A (Form 1040), line 5, for details. 2012 state tax form Real Estate Taxes Deductible real estate taxes are any state, local, or foreign taxes on real property levied for the general public welfare. 2012 state tax form You can deduct these taxes only if they are based on the assessed value of the real property and charged uniformly against all property under the jurisdiction of the taxing authority. 2012 state tax form Deductible real estate taxes generally do not include taxes charged for local benefits and improvements that increase the value of the property. 2012 state tax form They also do not include itemized charges for services (such as trash collection) assessed against specific property or certain people, even if the charge is paid to the taxing authority. 2012 state tax form For more information about taxes and charges that are not deductible, see Real Estate-Related Items You Cannot Deduct , later. 2012 state tax form Tenant-shareholders in a cooperative housing corporation. 2012 state tax form   Generally, if you are a tenant-stockholder in a cooperative housing corporation, you can deduct the amount paid to the corporation that represents your share of the real estate taxes the corporation paid or incurred for your dwelling unit. 2012 state tax form The corporation should provide you with a statement showing your share of the taxes. 2012 state tax form For more information, see Special Rules for Cooperatives in Publication 530. 2012 state tax form Division of real estate taxes between buyers and sellers. 2012 state tax form   If you bought or sold real estate during the year, the real estate taxes must be divided between the buyer and the seller. 2012 state tax form   The buyer and the seller must divide the real estate taxes according to the number of days in the real property tax year (the period to which the tax is imposed relates) that each owned the property. 2012 state tax form The seller is treated as paying the taxes up to, but not including, the date of sale. 2012 state tax form The buyer is treated as paying the taxes beginning with the date of sale. 2012 state tax form This applies regardless of the lien dates under local law. 2012 state tax form Generally, this information is included on the settlement statement provided at the closing. 2012 state tax form    If you (the seller) cannot deduct taxes until they are paid because you use the cash method of accounting, and the buyer of your property is personally liable for the tax, you are considered to have paid your part of the tax at the time of the sale. 2012 state tax form This lets you deduct the part of the tax to the date of sale even though you did not actually pay it. 2012 state tax form However, you must also include the amount of that tax in the selling price of the property. 2012 state tax form The buyer must include the same amount in his or her cost of the property. 2012 state tax form   You figure your deduction for taxes on each property bought or sold during the real property tax year as follows. 2012 state tax form Worksheet 22-1. 2012 state tax form Figuring Your Real Estate Tax Deduction 1. 2012 state tax form Enter the total real estate taxes for the real property tax year   2. 2012 state tax form Enter the number of days in the real property tax year that you owned the property   3. 2012 state tax form Divide line 2 by 365 (for leap years, divide line 2 by 366) . 2012 state tax form 4. 2012 state tax form Multiply line 1 by line 3. 2012 state tax form This is your deduction. 2012 state tax form Enter it on Schedule A (Form 1040), line 6   Note. 2012 state tax form Repeat steps 1 through 4 for each property you bought or sold during the real property tax year. 2012 state tax form Your total deduction is the sum of the line 4 amounts for all of the properties. 2012 state tax form Real estate taxes for prior years. 2012 state tax form   Do not divide delinquent taxes between the buyer and seller if the taxes are for any real property tax year before the one in which the property is sold. 2012 state tax form Even if the buyer agrees to pay the delinquent taxes, the buyer cannot deduct them. 2012 state tax form The buyer must add them to the cost of the property. 2012 state tax form The seller can deduct these taxes paid by the buyer. 2012 state tax form However, the seller must include them in the selling price. 2012 state tax form Examples. 2012 state tax form   The following examples illustrate how real estate taxes are divided between buyer and seller. 2012 state tax form Example 1. 2012 state tax form Dennis and Beth White's real property tax year for both their old home and their new home is the calendar year, with payment due August 1. 2012 state tax form The tax on their old home, sold on May 7, was $620. 2012 state tax form The tax on their new home, bought on May 3, was $732. 2012 state tax form Dennis and Beth are considered to have paid a proportionate share of the real estate taxes on the old home even though they did not actually pay them to the taxing authority. 2012 state tax form On the other hand, they can claim only a proportionate share of the taxes they paid on their new property even though they paid the entire amount. 2012 state tax form Dennis and Beth owned their old home during the real property tax year for 126 days (January 1 to May 6, the day before the sale). 2012 state tax form They figure their deduction for taxes on their old home as follows. 2012 state tax form Worksheet 22-1. 2012 state tax form Figuring Your Real Estate Tax Deduction — Taxes on Old Home 1. 2012 state tax form Enter the total real estate taxes for the real property tax year $620 2. 2012 state tax form Enter the number of days in the real property tax year that you owned the property 126 3. 2012 state tax form Divide line 2 by 365 (for leap years, divide line 2 by 366) . 2012 state tax form 3452 4. 2012 state tax form Multiply line 1 by line 3. 2012 state tax form This is your deduction. 2012 state tax form Enter it on Schedule A (Form 1040), line 6 $214 Since the buyers of their old home paid all of the taxes, Dennis and Beth also include the $214 in the selling price of the old home. 2012 state tax form (The buyers add the $214 to their cost of the home. 2012 state tax form ) Dennis and Beth owned their new home during the real property tax year for 243 days (May 3 to December 31, including their date of purchase). 2012 state tax form They figure their deduction for taxes on their new home as follows. 2012 state tax form Worksheet 22-1. 2012 state tax form Figuring Your Real Estate Tax Deduction — Taxes on New Home 1. 2012 state tax form Enter the total real estate taxes for the real property tax year $732 2. 2012 state tax form Enter the number of days in the real property tax year that you owned the property 243 3. 2012 state tax form Divide line 2 by 365 (for leap years, divide line 2 by 366) . 2012 state tax form 6658 4. 2012 state tax form Multiply line 1 by line 3. 2012 state tax form This is your deduction. 2012 state tax form Enter it on Schedule A (Form 1040), line 6 $487 Since Dennis and Beth paid all of the taxes on the new home, they add $245 ($732 paid less $487 deduction) to their cost of the new home. 2012 state tax form (The sellers add this $245 to their selling price and deduct the $245 as a real estate tax. 2012 state tax form ) Dennis and Beth's real estate tax deduction for their old and new homes is the sum of $214 and $487, or $701. 2012 state tax form They will enter this amount on Schedule A (Form 1040), line 6. 2012 state tax form Example 2. 2012 state tax form George and Helen Brown bought a new home on May 3, 2013. 2012 state tax form Their real property tax year for the new home is the calendar year. 2012 state tax form Real estate taxes for 2012 were assessed in their state on January 1, 2013. 2012 state tax form The taxes became due on May 31, 2013, and October 31, 2013. 2012 state tax form The Browns agreed to pay all taxes due after the date of purchase. 2012 state tax form Real estate taxes for 2012 were $680. 2012 state tax form They paid $340 on May 31, 2013, and $340 on October 31, 2013. 2012 state tax form These taxes were for the 2012 real property tax year. 2012 state tax form The Browns cannot deduct them since they did not own the property until 2013. 2012 state tax form Instead, they must add $680 to the cost of their new home. 2012 state tax form In January 2014, the Browns receive their 2013 property tax statement for $752, which they will pay in 2014. 2012 state tax form The Browns owned their new home during the 2013 real property tax year for 243 days (May 3 to December 31). 2012 state tax form They will figure their 2014 deduction for taxes as follows. 2012 state tax form Worksheet 22-1. 2012 state tax form Figuring Your Real Estate Tax Deduction — Taxes on New Home 1. 2012 state tax form Enter the total real estate taxes for the real property tax year $752 2. 2012 state tax form Enter the number of days in the real property tax year that you owned the property 243 3. 2012 state tax form Divide line 2 by 365 (for leap years, divide line 2 by 366) . 2012 state tax form 6658 4. 2012 state tax form Multiply line 1 by line 3. 2012 state tax form This is your deduction. 2012 state tax form Claim it on Schedule A (Form 1040), line 6 $501 The remaining $251 ($752 paid less $501 deduction) of taxes paid in 2014, along with the $680 paid in 2013, is added to the cost of their new home. 2012 state tax form Because the taxes up to the date of sale are considered paid by the seller on the date of sale, the seller is entitled to a 2013 tax deduction of $931. 2012 state tax form This is the sum of the $680 for 2012 and the $251 for the 122 days the seller owned the home in 2013. 2012 state tax form The seller must also include the $931 in the selling price when he or she figures the gain or loss on the sale. 2012 state tax form The seller should contact the Browns in January 2014 to find out how much real estate tax is due for 2013. 2012 state tax form Form 1099-S. 2012 state tax form   For certain sales or exchanges of real estate, the person responsible for closing the sale (generally the settlement agent) prepares Form 1099-S, Proceeds From Real Estate Transactions, to report certain information to the IRS and to the seller of the property. 2012 state tax form Box 2 of Form 1099-S is for the gross proceeds from the sale and should include the portion of the seller's real estate tax liability that the buyer will pay after the date of sale. 2012 state tax form The buyer includes these taxes in the cost basis of the property, and the seller both deducts this amount as a tax paid and includes it in the sales price of the property. 2012 state tax form   For a real estate transaction that involves a home, any real estate tax the seller paid in advance but that is the liability of the buyer appears on Form 1099-S, box 5. 2012 state tax form The buyer deducts this amount as a real estate tax, and the seller reduces his or her real estate tax deduction (or includes it in income) by the same amount. 2012 state tax form See Refund (or rebate) , later. 2012 state tax form Taxes placed in escrow. 2012 state tax form   If your monthly mortgage payment includes an amount placed in escrow (put in the care of a third party) for real estate taxes, you may not be able to deduct the total amount placed in escrow. 2012 state tax form You can deduct only the real estate tax that the third party actually paid to the taxing authority. 2012 state tax form If the third party does not notify you of the amount of real estate tax that was paid for you, contact the third party or the taxing authority to find the proper amount to show on your return. 2012 state tax form Tenants by the entirety. 2012 state tax form   If you and your spouse held property as tenants by the entirety and you file separate federal returns, each of you can deduct only the taxes each of you paid on the property. 2012 state tax form Divorced individuals. 2012 state tax form   If your divorce or separation agreement states that you must pay the real estate taxes for a home owned by you and your spouse, part of your payments may be deductible as alimony and part as real estate taxes. 2012 state tax form See Taxes and insurance in chapter 18 for more information. 2012 state tax form Ministers' and military housing allowances. 2012 state tax form   If you are a minister or a member of the uniformed services and receive a housing allowance that you can exclude from income, you still can deduct all of the real estate taxes you pay on your home. 2012 state tax form Refund (or rebate). 2012 state tax form   If you received a refund or rebate in 2013 of real estate taxes you paid in 2013, you must reduce your deduction by the amount refunded to you. 2012 state tax form If you received a refund or rebate in 2013 of real estate taxes you deducted in an earlier year (either as an itemized deduction or an increase to your standard deduction), you generally must include the refund or rebate in income in the year you receive it. 2012 state tax form However, the amount you include in income is limited to the amount of the deduction that reduced your tax in the earlier year. 2012 state tax form For more information, see Recoveries in chapter 12. 2012 state tax form Table 22-1. 2012 state tax form Which Taxes Can You Deduct? Type of Tax You Can Deduct You Cannot Deduct Fees and Charges Fees and charges that are expenses of your trade or business or of producing income. 2012 state tax form Fees and charges that are not expenses of your trade or business or of producing income, such as fees for driver's licenses, car inspections, parking, or charges for water bills (see Taxes and Fees You Cannot Deduct ). 2012 state tax form     Fines and penalties. 2012 state tax form Income Taxes State and local income taxes. 2012 state tax form Federal income taxes. 2012 state tax form   Foreign income taxes. 2012 state tax form     Employee contributions to state funds listed under Contributions to state benefit funds . 2012 state tax form Employee contributions to private or voluntary disability plans. 2012 state tax form     State and local general sales taxes if you choose to deduct state and local income taxes. 2012 state tax form General Sales Taxes State and local general sales taxes, including compensating use taxes. 2012 state tax form State and local income taxes if you choose to deduct state and local general sales taxes. 2012 state tax form Other Taxes Taxes that are expenses of your trade or business. 2012 state tax form Federal excise taxes, such as tax on gasoline, that are not expenses of your trade or business or of producing income. 2012 state tax form   Taxes on property producing rent or royalty income. 2012 state tax form Per capita taxes. 2012 state tax form   Occupational taxes. 2012 state tax form See chapter 28. 2012 state tax form     One-half of self-employment tax paid. 2012 state tax form   Personal Property Taxes State and local personal property taxes. 2012 state tax form Customs duties that are not expenses of your trade or business or of producing income. 2012 state tax form Real Estate Taxes State and local real estate taxes. 2012 state tax form Real estate taxes that are treated as imposed on someone else (see Division of real estate taxes between buyers and sellers ). 2012 state tax form   Foreign real estate taxes. 2012 state tax form Taxes for local benefits (with exceptions). 2012 state tax form See Real Estate-Related Items You Cannot Deduct . 2012 state tax form   Tenant's share of real estate taxes paid by  cooperative housing corporation. 2012 state tax form Trash and garbage pickup fees (with exceptions). 2012 state tax form See Real Estate-Related Items You Cannot Deduct . 2012 state tax form     Rent increase due to higher real estate taxes. 2012 state tax form     Homeowners' association charges. 2012 state tax form Real Estate-Related Items You Cannot Deduct Payments for the following items generally are not deductible as real estate taxes. 2012 state tax form Taxes for local benefits. 2012 state tax form Itemized charges for services (such as trash and garbage pickup fees). 2012 state tax form Transfer taxes (or stamp taxes). 2012 state tax form Rent increases due to higher real estate taxes. 2012 state tax form Homeowners' association charges. 2012 state tax form Taxes for local benefits. 2012 state tax form   Deductible real estate taxes generally do not include taxes charged for local benefits and improvements tending to increase the value of your property. 2012 state tax form These include assessments for streets, sidewalks, water mains, sewer lines, public parking facilities, and similar improvements. 2012 state tax form You should increase the basis of your property by the amount of the assessment. 2012 state tax form   Local benefit taxes are deductible only if they are for maintenance, repair, or interest charges related to those benefits. 2012 state tax form If only a part of the taxes is for maintenance, repair, or interest, you must be able to show the amount of that part to claim the deduction. 2012 state tax form If you cannot determine what part of the tax is for maintenance, repair, or interest, none of it is deductible. 2012 state tax form    Taxes for local benefits may be included in your real estate tax bill. 2012 state tax form If your taxing authority (or mortgage lender) does not furnish you a copy of your real estate tax bill, ask for it. 2012 state tax form You should use the rules above to determine if the local benefit tax is deductible. 2012 state tax form Contact the taxing authority if you need additional information about a specific charge on your real estate tax bill. 2012 state tax form Itemized charges for services. 2012 state tax form    An itemized charge for services assessed against specific property or certain people is not a tax, even if the charge is paid to the taxing authority. 2012 state tax form For example, you cannot deduct the charge as a real estate tax if it is: A unit fee for the delivery of a service (such as a $5 fee charged for every 1,000 gallons of water you use), A periodic charge for a residential service (such as a $20 per month or $240 annual fee charged to each homeowner for trash collection), or A flat fee charged for a single service provided by your government (such as a $30 charge for mowing your lawn because it was allowed to grow higher than permitted under your local ordinance). 2012 state tax form    You must look at your real estate tax bill to determine if any nondeductible itemized charges, such as those listed above, are included in the bill. 2012 state tax form If your taxing authority (or mortgage lender) does not furnish you a copy of your real estate tax bill, ask for it. 2012 state tax form Exception. 2012 state tax form   Service charges used to maintain or improve services (such as trash collection or police and fire protection) are deductible as real estate taxes if: The fees or charges are imposed at a like rate against all property in the taxing jurisdiction, The funds collected are not earmarked; instead, they are commingled with general revenue funds, and Funds used to maintain or improve services are not limited to or determined by the amount of these fees or charges collected. 2012 state tax form Transfer taxes (or stamp taxes). 2012 state tax form   Transfer taxes and similar taxes and charges on the sale of a personal home are not deductible. 2012 state tax form If they are paid by the seller, they are expenses of the sale and reduce the amount realized on the sale. 2012 state tax form If paid by the buyer, they are included in the cost basis of the property. 2012 state tax form Rent increase due to higher real estate taxes. 2012 state tax form   If your landlord increases your rent in the form of a tax surcharge because of increased real estate taxes, you cannot deduct the increase as taxes. 2012 state tax form Homeowners' association charges. 2012 state tax form   These charges are not deductible because they are imposed by the homeowners' association, rather than the state or local government. 2012 state tax form Personal Property Taxes Personal property tax is deductible if it is a state or local tax that is: Charged on personal property, Based only on the value of the personal property, and Charged on a yearly basis, even if it is collected more or less than once a year. 2012 state tax form A tax that meets the above requirements can be considered charged on personal property even if it is for the exercise of a privilege. 2012 state tax form For example, a yearly tax based on value qualifies as a personal property tax even if it is called a registration fee and is for the privilege of registering motor vehicles or using them on the highways. 2012 state tax form If the tax is partly based on value and partly based on other criteria, it may qualify in part. 2012 state tax form Example. 2012 state tax form Your state charges a yearly motor vehicle registration tax of 1% of value plus 50 cents per hundredweight. 2012 state tax form You paid $32 based on the value ($1,500) and weight (3,400 lbs. 2012 state tax form ) of your car. 2012 state tax form You can deduct $15 (1% × $1,500) as a personal property tax because it is based on the value. 2012 state tax form The remaining $17 ($. 2012 state tax form 50 × 34), based on the weight, is not deductible. 2012 state tax form Taxes and Fees You Cannot Deduct Many federal, state, and local government taxes are not deductible because they do not fall within the categories discussed earlier. 2012 state tax form Other taxes and fees, such as federal income taxes, are not deductible because the tax law specifically prohibits a deduction for them. 2012 state tax form See Table 22-1. 2012 state tax form Taxes and fees that are generally not deductible include the following items. 2012 state tax form Employment taxes. 2012 state tax form This includes social security, Medicare, and railroad retirement taxes withheld from your pay. 2012 state tax form However, one-half of self-employment tax you pay is deductible. 2012 state tax form In addition, the social security and other employment taxes you pay on the wages of a household worker may be included in medical expenses that you can deduct or child care expenses that allow you to claim the child and dependent care credit. 2012 state tax form For more information, see chapters 21 and 32. 2012 state tax form Estate, inheritance, legacy, or succession taxes. 2012 state tax form However, you can deduct the estate tax attributable to income in respect of a decedent if you, as a beneficiary, must include that income in your gross income. 2012 state tax form In that case, deduct the estate tax as a miscellaneous deduction that is not subject to the 2%-of-adjusted-gross-income limit. 2012 state tax form For more information, see Publication 559, Survivors, Executors, and Administrators. 2012 state tax form Federal income taxes. 2012 state tax form This includes income taxes withheld from your pay. 2012 state tax form Fines and penalties. 2012 state tax form You cannot deduct fines and penalties paid to a government for violation of any law, including related amounts forfeited as collateral deposits. 2012 state tax form Gift taxes. 2012 state tax form License fees. 2012 state tax form You cannot deduct license fees for personal purposes (such as marriage, driver's, and dog license fees). 2012 state tax form Per capita taxes. 2012 state tax form You cannot deduct state or local per capita taxes. 2012 state tax form Many taxes and fees other than those listed above are also nondeductible, unless they are ordinary and necessary expenses of a business or income producing activity. 2012 state tax form For other nondeductible items, see Real Estate-Related Items You Cannot Deduct , earlier. 2012 state tax form Where To Deduct You deduct taxes on the following schedules. 2012 state tax form State and local income taxes. 2012 state tax form    These taxes are deducted on Schedule A (Form 1040), line 5, even if your only source of income is from business, rents, or royalties. 2012 state tax form Check box a on line 5. 2012 state tax form General sales taxes. 2012 state tax form   Sales taxes are deducted on Schedule A (Form 1040), line 5. 2012 state tax form You must check box b on line 5. 2012 state tax form If you elect to deduct sales taxes, you cannot deduct state and local income taxes on Schedule A (Form 1040), line 5, box a. 2012 state tax form Foreign income taxes. 2012 state tax form   Generally, income taxes you pay to a foreign country or U. 2012 state tax form S. 2012 state tax form possession can be claimed as an itemized deduction on Schedule A (Form 1040), line 8, or as a credit against your U. 2012 state tax form S. 2012 state tax form income tax on Form 1040, line 47. 2012 state tax form To claim the credit, you may have to complete and attach Form 1116. 2012 state tax form For more information, see chapter 37, the Form 1040 instructions, or Publication 514. 2012 state tax form Real estate taxes and personal property taxes. 2012 state tax form    Real estate and personal property taxes are deducted on Schedule A (Form 1040), lines 6 and 7, respectively, unless they are paid on property used in your business, in which case they are deducted on Schedule C, Schedule C-EZ, or Schedule F (Form 1040). 2012 state tax form Taxes on property that produces rent or royalty income are deducted on Schedule E (Form 1040). 2012 state tax form Self-employment tax. 2012 state tax form    Deduct one-half of your self-employment tax on Form 1040, line 27. 2012 state tax form Other taxes. 2012 state tax form    All other deductible taxes are deducted on Schedule A (Form 1040), line 8. 2012 state tax form Prev  Up  Next   Home   More Online Publications
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Page Last Reviewed or Updated: 19-Dec-2013

The 2012 State Tax Form

2012 state tax form 4. 2012 state tax form   Tax Withholding and Estimated Tax Table of Contents What's New for 2014 Reminders Introduction Useful Items - You may want to see: Tax Withholding for 2014Salaries and Wages Tips Taxable Fringe Benefits Sick Pay Pensions and Annuities Gambling Winnings Unemployment Compensation Federal Payments Backup Withholding Estimated Tax for 2014Who Does Not Have To Pay Estimated Tax Who Must Pay Estimated Tax How To Figure Estimated Tax When To Pay Estimated Tax How To Figure Each Payment How To Pay Estimated Tax Credit for Withholding and Estimated Tax for 2013Withholding Estimated Tax Underpayment Penalty for 2013 What's New for 2014 Tax law changes for 2014. 2012 state tax form  When you figure how much income tax you want withheld from your pay and when you figure your estimated tax, consider tax law changes effective in 2014. 2012 state tax form For more information, see Publication 505. 2012 state tax form Reminders Estimated tax safe harbor for higher income taxpayers. 2012 state tax form  If your 2013 adjusted gross income was more than $150,000 ($75,000 if you are married filing a separate return), you must pay the smaller of 90% of your expected tax for 2014 or 110% of the tax shown on your 2013 return to avoid an estimated tax penalty. 2012 state tax form Introduction This chapter discusses how to pay your tax as you earn or receive income during the year. 2012 state tax form In general, the federal income tax is a pay-as-you-go tax. 2012 state tax form There are two ways to pay as you go. 2012 state tax form Withholding. 2012 state tax form If you are an employee, your employer probably withholds income tax from your pay. 2012 state tax form Tax also may be withheld from certain other income, such as pensions, bonuses, commissions, and gambling winnings. 2012 state tax form The amount withheld is paid to the IRS in your name. 2012 state tax form Estimated tax. 2012 state tax form If you do not pay your tax through withholding, or do not pay enough tax that way, you may have to pay estimated tax. 2012 state tax form People who are in business for themselves generally will have to pay their tax this way. 2012 state tax form Also, you may have to pay estimated tax if you receive income such as dividends, interest, capital gains, rent, and royalties. 2012 state tax form Estimated tax is used to pay not only income tax, but self-employment tax and alternative minimum tax as well. 2012 state tax form This chapter explains these methods. 2012 state tax form In addition, it also explains the following. 2012 state tax form Credit for withholding and estimated tax. 2012 state tax form When you file your 2013 income tax return, take credit for all the income tax withheld from your salary, wages, pensions, etc. 2012 state tax form , and for the estimated tax you paid for 2013. 2012 state tax form Also take credit for any excess social security or railroad retirement tax withheld (discussed in chapter 37). 2012 state tax form Underpayment penalty. 2012 state tax form If you did not pay enough tax during the year, either through withholding or by making estimated tax payments, you may have to pay a penalty. 2012 state tax form In most cases, the IRS can figure this penalty for you. 2012 state tax form See Underpayment Penalty for 2013 at the end of this chapter. 2012 state tax form Useful Items - You may want to see: Publication 505 Tax Withholding and Estimated Tax Form (and Instructions) W-4 Employee's Withholding Allowance Certificate W-4P Withholding Certificate for Pension or Annuity Payments W-4S Request for Federal Income Tax Withholding From Sick Pay W-4V Voluntary Withholding Request 1040-ES Estimated Tax for Individuals 2210 Underpayment of Estimated Tax by Individuals, Estates, and Trusts 2210-F Underpayment of Estimated Tax by Farmers and Fishermen Tax Withholding for 2014 This section discusses income tax withholding on: Salaries and wages, Tips, Taxable fringe benefits, Sick pay, Pensions and annuities, Gambling winnings, Unemployment compensation, and Certain federal payments. 2012 state tax form This section explains the rules for withholding tax from each of these types of income. 2012 state tax form This section also covers backup withholding on interest, dividends, and other payments. 2012 state tax form Salaries and Wages Income tax is withheld from the pay of most employees. 2012 state tax form Your pay includes your regular pay, bonuses, commissions, and vacation allowances. 2012 state tax form It also includes reimbursements and other expense allowances paid under a nonaccountable plan. 2012 state tax form See Supplemental Wages , later, for more information about reimbursements and allowances paid under a nonaccountable plan. 2012 state tax form If your income is low enough that you will not have to pay income tax for the year, you may be exempt from withholding. 2012 state tax form This is explained under Exemption From Withholding , later. 2012 state tax form You can ask your employer to withhold income tax from noncash wages and other wages not subject to withholding. 2012 state tax form If your employer does not agree to withhold tax, or if not enough is withheld, you may have to pay estimated tax, as discussed later under Estimated Tax for 2014 . 2012 state tax form Military retirees. 2012 state tax form   Military retirement pay is treated in the same manner as regular pay for income tax withholding purposes, even though it is treated as a pension or annuity for other tax purposes. 2012 state tax form Household workers. 2012 state tax form   If you are a household worker, you can ask your employer to withhold income tax from your pay. 2012 state tax form A household worker is an employee who performs household work in a private home, local college club, or local fraternity or sorority chapter. 2012 state tax form   Tax is withheld only if you want it withheld and your employer agrees to withhold it. 2012 state tax form If you do not have enough income tax withheld, you may have to pay estimated tax, as discussed later under Estimated Tax for 2014 . 2012 state tax form Farmworkers. 2012 state tax form   Generally, income tax is withheld from your cash wages for work on a farm unless your employer does both of these: Pays you cash wages of less than $150 during the year, and Has expenditures for agricultural labor totaling less than $2,500 during the year. 2012 state tax form Differential wage payments. 2012 state tax form    When employees are on leave from employment for military duty, some employers make up the difference between the military pay and civilian pay. 2012 state tax form Payments to an employee who is on active duty for a period of more than 30 days will be subject to income tax withholding, but not subject to social security or Medicare taxes. 2012 state tax form The wages and withholding will be reported on Form W-2, Wage and Tax Statement. 2012 state tax form   The credit employers can claim for differential wages paid to activated military reservists is scheduled to expire for wages paid after December 31, 2013. 2012 state tax form Determining Amount of Tax Withheld Using Form W-4 The amount of income tax your employer withholds from your regular pay depends on two things. 2012 state tax form The amount you earn in each payroll period. 2012 state tax form The information you give your employer on Form W-4. 2012 state tax form Form W-4 includes four types of information that your employer will use to figure your withholding. 2012 state tax form Whether to withhold at the single rate or at the lower married rate. 2012 state tax form How many withholding allowances you claim (each allowance reduces the amount withheld). 2012 state tax form Whether you want an additional amount withheld. 2012 state tax form Whether you are claiming an exemption from withholding in 2014. 2012 state tax form See Exemption From Withholding , later. 2012 state tax form Note. 2012 state tax form You must specify a filing status and a number of withholding allowances on Form W-4. 2012 state tax form You cannot specify only a dollar amount of withholding. 2012 state tax form New Job When you start a new job, you must fill out Form W-4 and give it to your employer. 2012 state tax form Your employer should have copies of the form. 2012 state tax form If you need to change the information later, you must fill out a new form. 2012 state tax form If you work only part of the year (for example, you start working after the beginning of the year), too much tax may be withheld. 2012 state tax form You may be able to avoid overwithholding if your employer agrees to use the part-year method. 2012 state tax form See Part-Year Method in chapter 1 of Publication 505 for more information. 2012 state tax form Employee also receiving pension income. 2012 state tax form   If you receive pension or annuity income and begin a new job, you will need to file Form W-4 with your new employer. 2012 state tax form However, you can choose to split your withholding allowances between your pension and job in any manner. 2012 state tax form Changing Your Withholding During the year changes may occur to your marital status, exemptions, adjustments, deductions, or credits you expect to claim on your tax return. 2012 state tax form When this happens, you may need to give your employer a new Form W-4 to change your withholding status or your number of allowances. 2012 state tax form If the changes reduce the number of allowances you are claiming or changes your marital status from married to single, you must give your employer a new Form W-4 within 10 days. 2012 state tax form Generally, you can submit a new Form W-4 whenever you wish to change the number of your withholding allowances for any other reason. 2012 state tax form Changing your withholding for 2015. 2012 state tax form   If events in 2014 will decrease the number of your withholding allowances for 2015, you must give your employer a new Form W-4 by December 1, 2014. 2012 state tax form If the event occurs in December 2014, submit a new Form W-4 within 10 days. 2012 state tax form Checking Your Withholding After you have given your employer a Form W-4, you can check to see whether the amount of tax withheld from your pay is too little or too much. 2012 state tax form If too much or too little tax is being withheld, you should give your employer a new Form W-4 to change your withholding. 2012 state tax form You should try to have your withholding match your actual tax liability. 2012 state tax form If not enough tax is withheld, you will owe tax at the end of the year and may have to pay interest and a penalty. 2012 state tax form If too much tax is withheld, you will lose the use of that money until you get your refund. 2012 state tax form Always check your withholding if there are personal or financial changes in your life or changes in the law that might change your tax liability. 2012 state tax form Note. 2012 state tax form You cannot give your employer a payment to cover withholding on salaries and wages for past pay periods or a payment for estimated tax. 2012 state tax form Completing Form W-4 and Worksheets Form W-4 has worksheets to help you figure how many withholding allowances you can claim. 2012 state tax form The worksheets are for your own records. 2012 state tax form Do not give them to your employer. 2012 state tax form Multiple jobs. 2012 state tax form   If you have income from more than one job at the same time, complete only one set of Form W-4 worksheets. 2012 state tax form Then split your allowances between the Forms W-4 for each job. 2012 state tax form You cannot claim the same allowances with more than one employer at the same time. 2012 state tax form You can claim all your allowances with one employer and none with the other(s), or divide them any other way. 2012 state tax form Married individuals. 2012 state tax form   If both you and your spouse are employed and expect to file a joint return, figure your withholding allowances using your combined income, adjustments, deductions, exemptions, and credits. 2012 state tax form Use only one set of worksheets. 2012 state tax form You can divide your total allowances any way, but you cannot claim an allowance that your spouse also claims. 2012 state tax form   If you and your spouse expect to file separate returns, figure your allowances using separate worksheets based on your own individual income, adjustments, deductions, exemptions, and credits. 2012 state tax form Alternative method of figuring withholding allowances. 2012 state tax form   You do not have to use the Form W-4 worksheets if you use a more accurate method of figuring the number of withholding allowances. 2012 state tax form For more information, see Alternative method of figuring withholding allowances under Completing Form W-4 and Worksheets in Publication 505, chapter 1. 2012 state tax form Personal Allowances Worksheet. 2012 state tax form   Use the Personal Allowances Worksheet on Form W-4 to figure your withholding allowances based on exemptions and any special allowances that apply. 2012 state tax form Deduction and Adjustments Worksheet. 2012 state tax form   Use the Deduction and Adjustments Worksheet on Form W-4 if you plan to itemize your deductions, claim certain credits, or claim adjustments to the income on your 2014 tax return and you want to reduce your withholding. 2012 state tax form Also, complete this worksheet when you have changes to these items to see if you need to change your withholding. 2012 state tax form Two-Earners/Multiple Jobs Worksheet. 2012 state tax form   You may need to complete the Two-Earners/Multiple Jobs Worksheet on Form W-4 if you have more than one job, a working spouse, or are also receiving a pension. 2012 state tax form Also, on this worksheet you can add any additional withholding necessary to cover any amount you expect to owe other than income tax, such as self-employment tax. 2012 state tax form Getting the Right Amount of Tax Withheld In most situations, the tax withheld from your pay will be close to the tax you figure on your return if you follow these two rules. 2012 state tax form You accurately complete all the Form W-4 worksheets that apply to you. 2012 state tax form You give your employer a new Form W-4 when changes occur. 2012 state tax form But because the worksheets and withholding methods do not account for all possible situations, you may not be getting the right amount withheld. 2012 state tax form This is most likely to happen in the following situations. 2012 state tax form You are married and both you and your spouse work. 2012 state tax form You have more than one job at a time. 2012 state tax form You have nonwage income, such as interest, dividends, alimony, unemployment compensation, or self-employment income. 2012 state tax form You will owe additional amounts with your return, such as self-employment tax. 2012 state tax form Your withholding is based on obsolete Form W-4 information for a substantial part of the year. 2012 state tax form Your earnings are more than the amount shown under Check your withholding in the instructions at the top of page 1 of Form W-4. 2012 state tax form You work only part of the year. 2012 state tax form You change the number of your withholding allowances during the year. 2012 state tax form Cumulative wage method. 2012 state tax form   If you change the number of your withholding allowances during the year, too much or too little tax may have been withheld for the period before you made the change. 2012 state tax form You may be able to compensate for this if your employer agrees to use the cumulative wage withholding method for the rest of the year. 2012 state tax form You must ask your employer in writing to use this method. 2012 state tax form   To be eligible, you must have been paid for the same kind of payroll period (weekly, biweekly, etc. 2012 state tax form ) since the beginning of the year. 2012 state tax form Publication 505 To make sure you are getting the right amount of tax withheld, get Publication 505. 2012 state tax form It will help you compare the total tax to be withheld during the year with the tax you can expect to figure on your return. 2012 state tax form It also will help you determine how much, if any, additional withholding is needed each payday to avoid owing tax when you file your return. 2012 state tax form If you do not have enough tax withheld, you may have to pay estimated tax, as explained under Estimated Tax for 2014 , later. 2012 state tax form You can use the IRS Withholding Calculator at www. 2012 state tax form irs. 2012 state tax form gov/Individuals, instead of Publication 505 or the worksheets included with Form W-4, to determine whether you need to have your withholding increased or decreased. 2012 state tax form Rules Your Employer Must Follow It may be helpful for you to know some of the withholding rules your employer must follow. 2012 state tax form These rules can affect how to fill out your Form W-4 and how to handle problems that may arise. 2012 state tax form New Form W-4. 2012 state tax form   When you start a new job, your employer should have you complete a Form W-4. 2012 state tax form Beginning with your first payday, your employer will use the information you give on the form to figure your withholding. 2012 state tax form   If you later fill out a new Form W-4, your employer can put it into effect as soon as possible. 2012 state tax form The deadline for putting it into effect is the start of the first payroll period ending 30 or more days after you turn it in. 2012 state tax form No Form W-4. 2012 state tax form   If you do not give your employer a completed Form W-4, your employer must withhold at the highest rate, as if you were single and claimed no withholding allowances. 2012 state tax form Repaying withheld tax. 2012 state tax form   If you find you are having too much tax withheld because you did not claim all the withholding allowances you are entitled to, you should give your employer a new Form W-4. 2012 state tax form Your employer cannot repay any of the tax previously withheld. 2012 state tax form Instead, claim the full amount withheld when you file your tax return. 2012 state tax form   However, if your employer has withheld more than the correct amount of tax for the Form W-4 you have in effect, you do not have to fill out a new Form W-4 to have your withholding lowered to the correct amount. 2012 state tax form Your employer can repay the amount that was withheld incorrectly. 2012 state tax form If you are not repaid, your Form W-2 will reflect the full amount actually withheld, which you would claim when you file your tax return. 2012 state tax form Exemption From Withholding If you claim exemption from withholding, your employer will not withhold federal income tax from your wages. 2012 state tax form The exemption applies only to income tax, not to social security or Medicare tax. 2012 state tax form You can claim exemption from withholding for 2014 only if both of the following situations apply. 2012 state tax form For 2013 you had a right to a refund of all federal income tax withheld because you had no tax liability. 2012 state tax form For 2014 you expect a refund of all federal income tax withheld because you expect to have no tax liability. 2012 state tax form Students. 2012 state tax form   If you are a student, you are not automatically exempt. 2012 state tax form See chapter 1 to find out if you must file a return. 2012 state tax form If you work only part time or only during the summer, you may qualify for exemption from withholding. 2012 state tax form Age 65 or older or blind. 2012 state tax form   If you are 65 or older or blind, use Worksheet 1-3 or 1-4 in chapter 1 of Publication 505, to help you decide if you qualify for exemption from withholding. 2012 state tax form Do not use either worksheet if you will itemize deductions, claim exemptions for dependents, or claim tax credits on your 2014 return. 2012 state tax form Instead, see Itemizing deductions or claiming exemptions or credits in chapter 1 of Publication 505. 2012 state tax form Claiming exemption from withholding. 2012 state tax form   To claim exemption, you must give your employer a Form W-4. 2012 state tax form Do not complete lines 5 and 6. 2012 state tax form Enter “Exempt” on line 7. 2012 state tax form   If you claim exemption, but later your situation changes so that you will have to pay income tax after all, you must file a new Form W-4 within 10 days after the change. 2012 state tax form If you claim exemption in 2014, but you expect to owe income tax for 2015, you must file a new Form W-4 by December 1, 2014. 2012 state tax form   Your claim of exempt status may be reviewed by the IRS. 2012 state tax form An exemption is good for only 1 year. 2012 state tax form   You must give your employer a new Form W-4 by February 15 each year to continue your exemption. 2012 state tax form Supplemental Wages Supplemental wages include bonuses, commissions, overtime pay, vacation allowances, certain sick pay, and expense allowances under certain plans. 2012 state tax form The payer can figure withholding on supplemental wages using the same method used for your regular wages. 2012 state tax form However, if these payments are identified separately from your regular wages, your employer or other payer of supplemental wages can withhold income tax from these wages at a flat rate. 2012 state tax form Expense allowances. 2012 state tax form   Reimbursements or other expense allowances paid by your employer under a nonaccountable plan are treated as supplemental wages. 2012 state tax form   Reimbursements or other expense allowances paid under an accountable plan that are more than your proven expenses are treated as paid under a nonaccountable plan if you do not return the excess payments within a reasonable period of time. 2012 state tax form   For more information about accountable and nonaccountable expense allowance plans, see Reimbursements in chapter 26. 2012 state tax form Penalties You may have to pay a penalty of $500 if both of the following apply. 2012 state tax form You make statements or claim withholding allowances on your Form W-4 that reduce the amount of tax withheld. 2012 state tax form You have no reasonable basis for those statements or allowances at the time you prepare your Form W-4. 2012 state tax form There is also a criminal penalty for willfully supplying false or fraudulent information on your Form W-4 or for willfully failing to supply information that would increase the amount withheld. 2012 state tax form The penalty upon conviction can be either a fine of up to $1,000 or imprisonment for up to 1 year, or both. 2012 state tax form These penalties will apply if you deliberately and knowingly falsify your Form W-4 in an attempt to reduce or eliminate the proper withholding of taxes. 2012 state tax form A simple error or an honest mistake will not result in one of these penalties. 2012 state tax form For example, a person who has tried to figure the number of withholding allowances correctly, but claims seven when the proper number is six, will not be charged a W-4 penalty. 2012 state tax form Tips The tips you receive while working on your job are considered part of your pay. 2012 state tax form You must include your tips on your tax return on the same line as your regular pay. 2012 state tax form However, tax is not withheld directly from tip income, as it is from your regular pay. 2012 state tax form Nevertheless, your employer will take into account the tips you report when figuring how much to withhold from your regular pay. 2012 state tax form See chapter 6 for information on reporting your tips to your employer. 2012 state tax form For more information on the withholding rules for tip income, see Publication 531, Reporting Tip Income. 2012 state tax form How employer figures amount to withhold. 2012 state tax form   The tips you report to your employer are counted as part of your income for the month you report them. 2012 state tax form Your employer can figure your withholding in either of two ways. 2012 state tax form By withholding at the regular rate on the sum of your pay plus your reported tips. 2012 state tax form By withholding at the regular rate on your pay plus a percentage of your reported tips. 2012 state tax form Not enough pay to cover taxes. 2012 state tax form   If your regular pay is not enough for your employer to withhold all the tax (including income tax and social security and Medicare taxes (or the equivalent railroad retirement tax)) due on your pay plus your tips, you can give your employer money to cover the shortage. 2012 state tax form See Giving your employer money for taxes in chapter 6. 2012 state tax form Allocated tips. 2012 state tax form   Your employer should not withhold income tax, Medicare tax, social security tax, or railroad retirement tax on any allocated tips. 2012 state tax form Withholding is based only on your pay plus your reported tips. 2012 state tax form Your employer should refund to you any incorrectly withheld tax. 2012 state tax form See Allocated Tips in chapter 6 for more information. 2012 state tax form Taxable Fringe Benefits The value of certain noncash fringe benefits you receive from your employer is considered part of your pay. 2012 state tax form Your employer generally must withhold income tax on these benefits from your regular pay. 2012 state tax form For information on fringe benefits, see Fringe Benefits under Employee Compensation in chapter 5. 2012 state tax form Although the value of your personal use of an employer-provided car, truck, or other highway motor vehicle is taxable, your employer can choose not to withhold income tax on that amount. 2012 state tax form Your employer must notify you if this choice is made. 2012 state tax form For more information on withholding on taxable fringe benefits, see chapter 1 of Publication 505. 2012 state tax form Sick Pay Sick pay is a payment to you to replace your regular wages while you are temporarily absent from work due to sickness or personal injury. 2012 state tax form To qualify as sick pay, it must be paid under a plan to which your employer is a party. 2012 state tax form If you receive sick pay from your employer or an agent of your employer, income tax must be withheld. 2012 state tax form An agent who does not pay regular wages to you may choose to withhold income tax at a flat rate. 2012 state tax form However, if you receive sick pay from a third party who is not acting as an agent of your employer, income tax will be withheld only if you choose to have it withheld. 2012 state tax form See Form W-4S , later. 2012 state tax form If you receive payments under a plan in which your employer does not participate (such as an accident or health plan where you paid all the premiums), the payments are not sick pay and usually are not taxable. 2012 state tax form Union agreements. 2012 state tax form   If you receive sick pay under a collective bargaining agreement between your union and your employer, the agreement may determine the amount of income tax withholding. 2012 state tax form See your union representative or your employer for more information. 2012 state tax form Form W-4S. 2012 state tax form   If you choose to have income tax withheld from sick pay paid by a third party, such as an insurance company, you must fill out Form W-4S. 2012 state tax form Its instructions contain a worksheet you can use to figure the amount you want withheld. 2012 state tax form They also explain restrictions that may apply. 2012 state tax form   Give the completed form to the payer of your sick pay. 2012 state tax form The payer must withhold according to your directions on the form. 2012 state tax form Estimated tax. 2012 state tax form   If you do not request withholding on Form W-4S, or if you do not have enough tax withheld, you may have to make estimated tax payments. 2012 state tax form If you do not pay enough tax, either through estimated tax or withholding, or a combination of both, you may have to pay a penalty. 2012 state tax form See Underpayment Penalty for 2013 at the end of this chapter. 2012 state tax form Pensions and Annuities Income tax usually will be withheld from your pension or annuity distributions unless you choose not to have it withheld. 2012 state tax form This rule applies to distributions from: A traditional individual retirement arrangement (IRA); A life insurance company under an endowment, annuity, or life insurance contract; A pension, annuity, or profit-sharing plan; A stock bonus plan; and Any other plan that defers the time you receive compensation. 2012 state tax form The amount withheld depends on whether you receive payments spread out over more than 1 year (periodic payments), within 1 year (nonperiodic payments), or as an eligible rollover distribution (ERD). 2012 state tax form Income tax withholding from an ERD is mandatory. 2012 state tax form More information. 2012 state tax form   For more information on taxation of annuities and distributions (including ERDs) from qualified retirement plans, see chapter 10. 2012 state tax form For information on IRAs, see chapter 17. 2012 state tax form For more information on withholding on pensions and annuities, including a discussion of Form W-4P, see Pensions and Annuities in chapter 1 of Publication 505. 2012 state tax form Gambling Winnings Income tax is withheld at a flat 25% rate from certain kinds of gambling winnings. 2012 state tax form Gambling winnings of more than $5,000 from the following sources are subject to income tax withholding. 2012 state tax form Any sweepstakes; wagering pool, including payments made to winners of poker tournaments; or lottery. 2012 state tax form Any other wager, if the proceeds are at least 300 times the amount of the bet. 2012 state tax form It does not matter whether your winnings are paid in cash, in property, or as an annuity. 2012 state tax form Winnings not paid in cash are taken into account at their fair market value. 2012 state tax form Exception. 2012 state tax form   Gambling winnings from bingo, keno, and slot machines generally are not subject to income tax withholding. 2012 state tax form However, you may need to provide the payer with a social security number to avoid withholding. 2012 state tax form See Backup withholding on gambling winnings in chapter 1 of Publication 505. 2012 state tax form If you receive gambling winnings not subject to withholding, you may need to pay estimated tax. 2012 state tax form See Estimated Tax for 2014 , later. 2012 state tax form 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. 2012 state tax form See Underpayment Penalty for 2013 at the end of this chapter. 2012 state tax form Form W-2G. 2012 state tax form   If a payer withholds income tax from your gambling winnings, you should receive a Form W-2G, Certain Gambling Winnings, showing the amount you won and the amount withheld. 2012 state tax form Report the tax withheld on line 62 of Form 1040. 2012 state tax form Unemployment Compensation You can choose to have income tax withheld from unemployment compensation. 2012 state tax form To make this choice, fill out Form W-4V (or a similar form provided by the payer) and give it to the payer. 2012 state tax form All unemployment compensation is taxable. 2012 state tax form So, if you do not have income tax withheld, you may have to pay estimated tax. 2012 state tax form See Estimated Tax for 2014 , later. 2012 state tax form 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. 2012 state tax form For information, see Underpayment Penalty for 2013 at the end of this chapter. 2012 state tax form Federal Payments You can choose to have income tax withheld from certain federal payments you receive. 2012 state tax form These payments are: Social security benefits, Tier 1 railroad retirement benefits, Commodity credit corporation loans you choose to include in your gross income, Payments under the Agricultural Act of 1949 (7 U. 2012 state tax form S. 2012 state tax form C. 2012 state tax form 1421 et. 2012 state tax form seq. 2012 state tax form ), as amended, or title II of the Disaster Assistance Act of 1988, that are treated as insurance proceeds and that you receive because: Your crops were destroyed or damaged by drought, flood, or any other natural disaster, or You were unable to plant crops because of a natural disaster described in (a), and Any other payment under Federal law as determined by the Secretary. 2012 state tax form To make this choice, fill out Form W-4V (or a similar form provided by the payer) and give it to the payer. 2012 state tax form If you do not choose to have income tax withheld, you may have to pay estimated tax. 2012 state tax form See Estimated Tax for 2014 , later. 2012 state tax form 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. 2012 state tax form For information, see Underpayment Penalty for 2013 at the end of this chapter. 2012 state tax form More information. 2012 state tax form   For more information about the tax treatment of social security and railroad retirement benefits, see chapter 11. 2012 state tax form Get Publication 225, Farmer's Tax Guide, for information about the tax treatment of commodity credit corporation loans or crop disaster payments. 2012 state tax form Backup Withholding Banks or other businesses that pay you certain kinds of income must file an information return (Form 1099) with the IRS. 2012 state tax form The information return shows how much you were paid during the year. 2012 state tax form It also includes your name and taxpayer identification number (TIN). 2012 state tax form TINs are explained in chapter 1 under Social Security Number (SSN) . 2012 state tax form These payments generally are not subject to withholding. 2012 state tax form However, “backup” withholding is required in certain situations. 2012 state tax form Backup withholding can apply to most kinds of payments that are reported on Form 1099. 2012 state tax form The payer must withhold at a flat 28% rate in the following situations. 2012 state tax form You do not give the payer your TIN in the required manner. 2012 state tax form The IRS notifies the payer that the TIN you gave is incorrect. 2012 state tax form You are required, but fail, to certify that you are not subject to backup withholding. 2012 state tax form The IRS notifies the payer to start withholding on interest or dividends because you have underreported interest or dividends on your income tax return. 2012 state tax form The IRS will do this only after it has mailed you four notices over at least a 210-day period. 2012 state tax form See Backup Withholding in chapter 1 of Publication 505 for more information. 2012 state tax form Penalties. 2012 state tax form   There are civil and criminal penalties for giving false information to avoid backup withholding. 2012 state tax form The civil penalty is $500. 2012 state tax form The criminal penalty, upon conviction, is a fine of up to $1,000 or imprisonment of up to 1 year, or both. 2012 state tax form Estimated Tax for 2014 Estimated tax is the method used to pay tax on income that is not subject to withholding. 2012 state tax form This includes income from self-employment, interest, dividends, alimony, rent, gains from the sale of assets, prizes, and awards. 2012 state tax form 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. 2012 state tax form 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. 2012 state tax form 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. 2012 state tax form 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. 2012 state tax form For information on when the penalty applies, see Underpayment Penalty for 2013 at the end of this chapter. 2012 state tax form Who Does Not Have To Pay Estimated Tax If you receive salaries or wages, you can avoid having to pay estimated tax by asking your employer to take more tax out of your earnings. 2012 state tax form To do this, give a new Form W-4 to your employer. 2012 state tax form See chapter 1 of Publication 505. 2012 state tax form Estimated tax not required. 2012 state tax form   You do not have to pay estimated tax for 2014 if you meet all three of the following conditions. 2012 state tax form You had no tax liability for 2013. 2012 state tax form You were a U. 2012 state tax form S. 2012 state tax form citizen or resident alien for the whole year. 2012 state tax form Your 2013 tax year covered a 12-month period. 2012 state tax form   You had no tax liability for 2013 if your total tax was zero or you did not have to file an income tax return. 2012 state tax form For the definition of “total tax” for 2013, see Publication 505, chapter 2. 2012 state tax form Who Must Pay Estimated Tax If you owe additional tax for 2013, you may have to pay estimated tax for 2014. 2012 state tax form You can use the following general rule as a guide during the year to see if you will have enough withholding, or if you should increase your withholding or make estimated tax payments. 2012 state tax form General rule. 2012 state tax form   In most cases, you must pay estimated tax for 2014 if both of the following apply. 2012 state tax form You expect to owe at least $1,000 in tax for 2014, after subtracting your withholding and refundable credits. 2012 state tax form You expect your withholding plus your 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 (but see Special rules for farmers, fishermen, and higher income taxpayers, later). 2012 state tax form Your 2013 tax return must cover all 12 months. 2012 state tax form    If the result from using the general rule above suggests that you will not have enough withholding, complete the 2014 Estimated Tax Worksheet in Publication 505 for a more accurate calculation. 2012 state tax form Special rules for farmers, fishermen, and higher income taxpayers. 2012 state tax form   If at least two-thirds of your gross income for tax year 2013 or 2014 is from farming or fishing, substitute 662/3% for 90% in (2a) under the General rule, earlier. 2012 state tax form 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. 2012 state tax form See Figure 4-A and Publication 505, chapter 2 for more information. 2012 state tax form Figure 4-A. 2012 state tax form Do You Have To Pay Estimated Tax? Please click here for the text description of the image. 2012 state tax form Figure 4-A Do You Have To Pay Estimated Tax? Aliens. 2012 state tax form   Resident and nonresident aliens also may have to pay estimated tax. 2012 state tax form Resident aliens should follow the rules in this chapter unless noted otherwise. 2012 state tax form Nonresident aliens should get Form 1040-ES (NR), U. 2012 state tax form S. 2012 state tax form Estimated Tax for Nonresident Alien Individuals. 2012 state tax form   You are an alien if you are not a citizen or national of the United States. 2012 state tax form You are a resident alien if you either have a green card or meet the substantial presence test. 2012 state tax form For more information about the substantial presence test, see Publication 519, U. 2012 state tax form S. 2012 state tax form Tax Guide for Aliens. 2012 state tax form Married taxpayers. 2012 state tax form   If you qualify to make joint estimated tax payments, apply the rules discussed here to your joint estimated income. 2012 state tax form   You and your spouse can make joint estimated tax payments even if you are not living together. 2012 state tax form   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, or Either spouse is a nonresident alien (unless that spouse elected to be treated as a resident alien for tax purposes (see chapter 1 of Publication 519)). 2012 state tax form   If you do not qualify to make joint estimated tax payments, apply these rules to your separate estimated income. 2012 state tax form Making joint or separate estimated tax payments will not affect your choice of filing a joint tax return or separate returns for 2014. 2012 state tax form 2013 separate returns and 2014 joint return. 2012 state tax form   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. 2012 state tax form You filed a separate return if you filed as single, head of household, or married filing separately. 2012 state tax form 2013 joint return and 2014 separate returns. 2012 state tax form   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. 2012 state tax form You file a separate return if you file as single, head of household, or married filing separately. 2012 state tax form   To figure your share of the tax on the 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 as for 2014. 2012 state tax form Then multiply the tax on the joint return by the following fraction. 2012 state tax form     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. 2012 state tax form Joe and Heather filed a joint return for 2013 showing taxable income of $48,500 and a tax of $6,386. 2012 state tax form Of the $48,500 taxable income, $40,100 was Joe's and the rest was Heather's. 2012 state tax form For 2014, they plan to file married filing separately. 2012 state tax form Joe figures his share of the tax on the 2013 joint return as follows. 2012 state tax form   Tax on $40,100 based on a separate return $5,960     Tax on $8,400 based on a separate return 843     Total $6,803     Joe's percentage of total ($5,960 ÷ $6,803) 87. 2012 state tax form 6%     Joe's share of tax on joint return  ($6,386 × 87. 2012 state tax form 6%) $5,594   How To Figure Estimated Tax To figure your estimated tax, you must figure your expected adjusted gross income (AGI), taxable income, taxes, deductions, and credits for the year. 2012 state tax form When figuring your 2014 estimated tax, it may be helpful to use your income, deductions, and credits for 2013 as a starting point. 2012 state tax form Use your 2013 federal tax return as a guide. 2012 state tax form You can use Form 1040-ES and Publication 505 to figure your estimated tax. 2012 state tax form Nonresident aliens use Form 1040-ES (NR) and Publication 505 to figure estimated tax (see chapter 8 of Publication 519 for more information). 2012 state tax form You must make adjustments both for changes in your own situation and for recent changes in the tax law. 2012 state tax form For a discussion of these changes, visit IRS. 2012 state tax form gov. 2012 state tax form For more complete information on how to figure your estimated tax for 2014, see chapter 2 of Publication 505. 2012 state tax form When To Pay Estimated Tax For estimated tax purposes, the tax year is divided into four payment periods. 2012 state tax form Each period has a specific payment due date. 2012 state tax form If you do not pay enough tax by the due date of each payment period, you may be charged a penalty even if you are due a refund when you file your income tax return. 2012 state tax form The payment periods and due dates for estimated tax payments are shown next. 2012 state tax form   For the period: Due date:*     Jan. 2012 state tax form 1 – March 31 April 15     April 1 – May 31 June 16     June 1 – August 31 Sept. 2012 state tax form 15     Sept. 2012 state tax form 1– Dec. 2012 state tax form 31 Jan. 2012 state tax form 15, next year     *See Saturday, Sunday, holiday rule and January payment . 2012 state tax form Saturday, Sunday, holiday rule. 2012 state tax form   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 legal holiday. 2012 state tax form January payment. 2012 state tax form   If you file your 2014 Form 1040 or Form 1040A by January 31, 2015, and pay the rest of the tax you owe, you do not need to make the payment due on January 15, 2015. 2012 state tax form Fiscal year taxpayers. 2012 state tax form   If your tax year does not start on January 1, see the Form 1040-ES instructions for your payment due dates. 2012 state tax form When To Start You do not have to make estimated tax payments until you have income on which you will owe income tax. 2012 state tax form 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. 2012 state tax form You can pay all your estimated tax at that time, or you can pay it in installments. 2012 state tax form If you choose to pay in installments, make your first payment by the due date for the first payment period. 2012 state tax form Make your remaining installment payments by the due dates for the later periods. 2012 state tax form No income subject to estimated tax during first period. 2012 state tax form    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. 2012 state tax form 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. 2012 state tax form The following chart shows when to make installment payments. 2012 state tax form 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. 2012 state tax form 15 Jan. 2012 state tax form 15 next year April 1–May 31 June 16 Sept. 2012 state tax form 15 Jan. 2012 state tax form 15 next year June 1–Aug. 2012 state tax form 31 Sept. 2012 state tax form 15 Jan. 2012 state tax form 15 next year After Aug. 2012 state tax form 31 Jan. 2012 state tax form 15 next year (None) *See Saturday, Sunday, holiday rule and January payment . 2012 state tax form How much to pay to avoid a penalty. 2012 state tax form   To determine how much you should pay by each payment due date, see How To Figure Each Payment, next. 2012 state tax form How To Figure Each Payment You should pay enough estimated tax by the due date of each payment period to avoid a penalty for that period. 2012 state tax form You can figure your required payment for each period by using either the regular installment method or the annualized income installment method. 2012 state tax form These methods are described in chapter 2 of Publication 505. 2012 state tax form If you do not pay enough during each payment period, you may be charged a penalty even if you are due a refund when you file your tax return. 2012 state tax form If the earlier discussion of No income subject to estimated tax during first period or the later discussion of Change in estimated tax applies to you, you may benefit from reading Annualized Income Installment Method in chapter 2 of Publication 505 for information on how to avoid a penalty. 2012 state tax form Underpayment penalty. 2012 state tax form   Under the regular installment method, if your estimated tax payment for any period is less than one-fourth of your estimated tax, you may be charged a penalty for underpayment of estimated tax for that period when you file your tax return. 2012 state tax form Under the annualized income installment method, your estimated tax payments vary with your income, but the amount required must be paid each period. 2012 state tax form See chapter 4 of Publication 505 for more information. 2012 state tax form Change in estimated tax. 2012 state tax form   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. 2012 state tax form 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. 2012 state tax form 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. 2012 state tax form You also do not have to pay estimated tax if you will pay enough through withholding to keep the amount you owe with your return under $1,000. 2012 state tax form How To Pay Estimated Tax There are several ways to pay estimated tax. 2012 state tax form Credit an overpayment on your 2013 return to your 2014 estimated tax. 2012 state tax form Pay by direct transfer from your bank account, or pay by credit or debit card using a pay-by-phone system or the Internet. 2012 state tax form Send in your payment (check or money order) with a payment voucher from Form 1040-ES. 2012 state tax form 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. 2012 state tax form On line 75 of Form 1040, or line 44 of Form 1040A, enter the amount you want credited to your estimated tax rather than refunded. 2012 state tax form Take the amount you have credited into account when figuring your estimated tax payments. 2012 state tax form You cannot have any of the amount you credited to your estimated tax refunded to you until you file your tax return for the following year. 2012 state tax form You also cannot use that overpayment in any other way. 2012 state tax form Pay Online Paying online is convenient and secure and helps make sure we get your payments on time. 2012 state tax form You can pay using either of the following electronic payment methods. 2012 state tax form Direct transfer from your bank account. 2012 state tax form Credit or debit card. 2012 state tax form To pay your taxes online or for more information, go to www. 2012 state tax form irs. 2012 state tax form gov/e-pay. 2012 state tax form Pay by Phone Paying by phone is another safe and secure method of paying electronically. 2012 state tax form Use one of the following methods. 2012 state tax form Direct transfer from your bank account. 2012 state tax form Credit or debit card. 2012 state tax form To pay by direct transfer from your bank account, call 1-800-555-4477 (English), 1-800-244-4829 (Espanol). 2012 state tax form People who are deaf, hard of hearing, or have a speech disability and who have access to TTY/TDD can call 1-800-733-4829. 2012 state tax form To pay using a credit or debit card, you can call one of the following service providers. 2012 state tax form There is a convenience fee charged by these providers that varies by provider, card type, and payment amount. 2012 state tax form WorldPay 1-888-9-PAY-TAXTM(1-888-972-9829) www. 2012 state tax form payUSAtax. 2012 state tax form com Official Payments Corporation 1-888-UPAY-TAXTM (1-888-872-9829) www. 2012 state tax form officialpayments. 2012 state tax form com Link2Gov Corporation 1-888-PAY-1040TM (1-888-729-1040) www. 2012 state tax form PAY1040. 2012 state tax form com For the latest details on how to pay by phone, go to www. 2012 state tax form irs. 2012 state tax form gov/e-pay. 2012 state tax form 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. 2012 state tax form During 2013, if you: made at least one estimated tax payment but not by electronic means, did not use software or a paid preparer to prepare or file your return,  then you should receive a copy of the 2014 Form 1040-ES/V. 2012 state tax form The enclosed payment vouchers will be preprinted with your name, address, and social security number. 2012 state tax form Using the preprinted vouchers will speed processing, reduce the chance of error, and help save processing costs. 2012 state tax form Use the window envelopes that came with your Form 1040-ES package. 2012 state tax form If you use your own envelopes, make sure you mail your payment vouchers to the address shown in the Form 1040-ES instructions for the place where you live. 2012 state tax form Note. 2012 state tax form These criteria can change without notice. 2012 state tax form If you do not receive a Form 1040-ES/V package and you are required to make an estimated tax payment, you should go to www. 2012 state tax form irs. 2012 state tax form gov and print a copy of Form 1040-ES which includes four blank payment vouchers. 2012 state tax form Complete one of these and make your payment timely to avoid penalties for paying late. 2012 state tax form Do not use the address shown in the Form 1040 or Form 1040A instructions for your estimated tax payments. 2012 state tax form If you did not pay estimated tax last year, you can order Form 1040-ES from the IRS (see inside back cover of this publication) or download it from IRS. 2012 state tax form gov. 2012 state tax form Follow the instructions to make sure you use the vouchers correctly. 2012 state tax form Joint estimated tax payments. 2012 state tax form   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. 2012 state tax form Change of address. 2012 state tax form   You must notify the IRS if you are making estimated tax payments and you changed your address during the year. 2012 state tax form Complete Form 8822, Change of Address, and mail it to the address shown in the instructions for that form. 2012 state tax form Credit for Withholding and Estimated Tax for 2013 When you file your 2013 income tax return, take credit for all the income tax and excess social security or railroad retirement tax withheld from your salary, wages, pensions, etc. 2012 state tax form Also take credit for the estimated tax you paid for 2013. 2012 state tax form These credits are subtracted from your total tax. 2012 state tax form Because these credits are refundable, you should file a return and claim these credits, even if you do not owe tax. 2012 state tax form Two or more employers. 2012 state tax form   If you had two or more employers in 2013 and were paid wages of more than $113,700, too much social security or tier 1 railroad retirement tax may have been withheld from your pay. 2012 state tax form You may be able to claim the excess as a credit against your income tax when you file your return. 2012 state tax form See Credit for Excess Social Security Tax or Railroad Retirement Tax Withheld in chapter 37. 2012 state tax form Withholding If you had income tax withheld during 2013, you should be sent a statement by January 31, 2014, showing your income and the tax withheld. 2012 state tax form Depending on the source of your income, you should receive: Form W-2, Wage and Tax Statement, Form W-2G, Certain Gambling Winnings, or A form in the 1099 series. 2012 state tax form Forms W-2 and W-2G. 2012 state tax form   If you file a paper return, always file Form W-2 with your income tax return. 2012 state tax form File Form W-2G with your return only if it shows any federal income tax withheld from your winnings. 2012 state tax form   You should get at least two copies of each form. 2012 state tax form If you file a paper return, attach one copy to the front of your federal income tax return. 2012 state tax form Keep one copy for your records. 2012 state tax form You also should receive copies to file with your state and local returns. 2012 state tax form Form W-2 Your employer is required to provide or send Form W-2 to you no later than January 31, 2014. 2012 state tax form You should receive a separate Form W-2 from each employer you worked for. 2012 state tax form If you stopped working before the end of 2013, your employer could have given you your Form W-2 at any time after you stopped working. 2012 state tax form However, your employer must provide or send it to you by January 31, 2014. 2012 state tax form If you ask for the form, your employer must send it to you within 30 days after receiving your written request or within 30 days after your final wage payment, whichever is later. 2012 state tax form If you have not received your Form W-2 by January 31, you should ask your employer for it. 2012 state tax form If you do not receive it by February 15, call the IRS. 2012 state tax form Form W-2 shows your total pay and other compensation and the income tax, social security tax, and Medicare tax that was withheld during the year. 2012 state tax form Include the federal income tax withheld (as shown in box 2 of Form W-2) on: Line 62 if you file Form 1040, Line 36 if you file Form 1040A, or Line 7 if you file Form 1040EZ. 2012 state tax form In addition, Form W-2 is used to report any taxable sick pay you received and any income tax withheld from your sick pay. 2012 state tax form Form W-2G If you had gambling winnings in 2013, the payer may have withheld income tax. 2012 state tax form If tax was withheld, the payer will give you a Form W-2G showing the amount you won and the amount of tax withheld. 2012 state tax form Report the amounts you won on line 21 of Form 1040. 2012 state tax form Take credit for the tax withheld on line 62 of Form 1040. 2012 state tax form If you had gambling winnings, you must use Form 1040; you cannot use Form 1040A or Form 1040EZ. 2012 state tax form The 1099 Series Most forms in the 1099 series are not filed with your return. 2012 state tax form These forms should be furnished to you by January 31, 2014 (or, for Forms 1099-B, 1099-S, and certain Forms 1099-MISC, by February 15, 2014). 2012 state tax form Unless instructed to file any of these forms with your return, keep them for your records. 2012 state tax form There are several different forms in this series, including: Form 1099-B, Proceeds From Broker and Barter Exchange Transactions; Form 1099-DIV, Dividends and Distributions; Form 1099-G, Certain Government Payments; Form 1099-INT, Interest Income; Form 1099-K, Payment Card and Third Party Network Transactions; Form 1099-MISC, Miscellaneous Income; Form 1099-OID, Original Issue Discount; Form 1099-PATR, Taxable Distributions Received from Cooperatives; Form 1099-Q, Payments From Qualified Education Programs; Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. 2012 state tax form ; Form 1099-S, Proceeds From Real Estate Transactions; Form RRB-1099, Payments by the Railroad Retirement Board. 2012 state tax form If you received the types of income reported on some forms in the 1099 series, you may not be able to use Form 1040A or Form 1040EZ. 2012 state tax form See the instructions to these forms for details. 2012 state tax form Form 1099-R. 2012 state tax form   Attach Form 1099-R to your paper return if box 4 shows federal income tax withheld. 2012 state tax form Include the amount withheld in the total on line 62 of Form 1040 or line 36 of Form 1040A. 2012 state tax form You cannot use Form 1040EZ if you received payments reported on Form 1099-R. 2012 state tax form Backup withholding. 2012 state tax form   If you were subject to backup withholding on income you received during 2013, include the amount withheld, as shown on your Form 1099, in the total on line 62 of Form 1040, line 36 of Form 1040A, or line 7 of Form 1040EZ. 2012 state tax form Form Not Correct If you receive a form with incorrect information on it, you should ask the payer for a corrected form. 2012 state tax form Call the telephone number or write to the address given for the payer on the form. 2012 state tax form The corrected Form W-2G or Form 1099 you receive will have an “X” in the “CORRECTED” box at the top of the form. 2012 state tax form A special form, Form W-2c, Corrected Wage and Tax Statement, is used to correct a Form W-2. 2012 state tax form In certain situations, you will receive two forms in place of the original incorrect form. 2012 state tax form This will happen when your taxpayer identification number is wrong or missing, your name and address are wrong, or you received the wrong type of form (for example, a Form 1099-DIV instead of a Form 1099-INT). 2012 state tax form One new form you receive will be the same incorrect form or have the same incorrect information, but all money amounts will be zero. 2012 state tax form This form will have an “X” in the “CORRECTED” box at the top of the form. 2012 state tax form The second new form should have all the correct information, prepared as though it is the original (the “CORRECTED” box will not be checked). 2012 state tax form Form Received After Filing If you file your return and you later receive a form for income that you did not include on your return, you should report the income and take credit for any income tax withheld by filing Form 1040X, Amended U. 2012 state tax form S. 2012 state tax form Individual Income Tax Return. 2012 state tax form Separate Returns If you are married but file a separate return, you can take credit only for the tax withheld from your own income. 2012 state tax form Do not include any amount withheld from your spouse's income. 2012 state tax form However, different rules may apply if you live in a community property state. 2012 state tax form Community property states are listed in chapter 2. 2012 state tax form For more information on these rules, and some exceptions, see Publication 555, Community Property. 2012 state tax form Fiscal Years If you file your tax return on the basis of a fiscal year (a 12-month period ending on the last day of any month except December), you must follow special rules to determine your credit for federal income tax withholding. 2012 state tax form For a discussion of how to take credit for withholding on a fiscal year return, see Fiscal Years (FY) in chapter 3 of Publication 505. 2012 state tax form Estimated Tax Take credit for all your estimated tax payments for 2013 on line 63 of Form 1040 or line 37 of Form 1040A. 2012 state tax form Include any overpayment from 2012 that you had credited to your 2013 estimated tax. 2012 state tax form You must use Form 1040 or Form 1040A if you paid estimated tax. 2012 state tax form You cannot use Form 1040EZ. 2012 state tax form Name changed. 2012 state tax form   If you changed your name, and you made estimated tax payments using your old name, attach a brief statement to the front of your paper tax return indicating: When you made the payments, The amount of each payment, Your name when you made the payments, and Your social security number. 2012 state tax form The statement should cover payments you made jointly with your spouse as well as any you made separately. 2012 state tax form   Be sure to report the change to the Social Security Administration. 2012 state tax form This prevents delays in processing your return and issuing any refunds. 2012 state tax form Separate Returns If you and your spouse made separate estimated tax payments for 2013 and you file separate returns, you can take credit only for your own payments. 2012 state tax form If you made joint estimated tax payments, you must decide how to divide the payments between your returns. 2012 state tax form One of you can claim all of the estimated tax paid and the other none, or you can divide it in any other way you agree on. 2012 state tax form If you cannot agree, you must divide the payments in proportion to each spouse's individual tax as shown on your separate returns for 2013. 2012 state tax form Divorced Taxpayers If you made joint estimated tax payments for 2013, and you were divorced during the year, either you or your former spouse can claim all of the joint payments, or you each can claim part of them. 2012 state tax form If you cannot agree on how to divide the payments, you must divide them in proportion to each spouse's individual tax as shown on your separate returns for 2013. 2012 state tax form If you claim any of the joint payments on your tax return, enter your former spouse's social security number (SSN) in the space provided on the front of Form 1040 or Form 1040A. 2012 state tax form If you divorced and remarried in 2013, enter your present spouse's SSN in that space and write your former spouse's SSN, followed by “DIV,” to the left of Form 1040, line 63, or Form 1040A, line 37. 2012 state tax form Underpayment Penalty for 2013 If you did not pay enough tax, either through withholding or by making timely estimated tax payments, you will have an underpayment of estimated tax and you may have to pay a penalty. 2012 state tax form Generally, you will not have to pay a penalty for 2013 if any of the following apply. 2012 state tax form The total of your withholding and estimated tax payments was at least as much as your 2012 tax (or 110% of your 2012 tax if your AGI was more than $150,000, $75,000 if your 2013 filing status is married filing separately) and you paid all required estimated tax payments on time. 2012 state tax form The tax balance due on your 2013 return is no more than 10% of your total 2013 tax, and you paid all required estimated tax payments on time. 2012 state tax form Your total 2013 tax minus your withholding and refundable credits is less than $1,000. 2012 state tax form You did not have a tax liability for 2012 and your 2012 tax year was 12 months, or You did not have any withholding taxes and your current year tax less any household employment taxes is less than $1,000. 2012 state tax form See Publication 505, chapter 4, for a definition of “total tax” for 2012 and 2013. 2012 state tax form Farmers and fishermen. 2012 state tax form   Special rules apply if you are a farmer or fisherman. 2012 state tax form See Farmers and Fishermen in chapter 4 of Publication 505 for more information. 2012 state tax form IRS can figure the penalty for you. 2012 state tax form   If you think you owe the penalty but you do not want to figure it yourself when you file your tax return, you may not have to. 2012 state tax form Generally, the IRS will figure the penalty for you and send you a bill. 2012 state tax form However, if you think you are able to lower or eliminate your penalty, you must complete Form 2210 or Form 2210-F and attach it to your paper return. 2012 state tax form See chapter 4 of Publication 505. 2012 state tax form Prev  Up  Next   Home   More Online Publications