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Taxact login tax return taxact login page taxact sign page 11. Taxact login tax return taxact login page taxact sign page   Beneficios del Seguro Social y Beneficios Equivalentes de la Jubilación para Empleados Ferroviarios Table of Contents Introduction Useful Items - You may want to see: ¿Está Sujeta a Impuestos Alguna Parte de los Beneficios? Cómo Declarar los Beneficios¿Cuánto Está Sujeto a Impuestos? Ejemplos Deducciones Relacionadas con los BeneficiosReintegros Superiores a los Beneficios Brutos Introduction Este capítulo explica las reglas del impuesto federal sobre el ingreso para los beneficios del Seguro Social y beneficios equivalentes de la jubilación para empleados ferroviarios de nivel 1. Taxact login tax return taxact login page taxact sign page Explica los siguientes temas: Cómo determinar si los beneficios están sujetos a impuestos. Taxact login tax return taxact login page taxact sign page Cómo usar la hoja de trabajo de beneficios del Seguro Social (con ejemplos). Taxact login tax return taxact login page taxact sign page Cómo declarar los beneficios sujetos a impuestos. Taxact login tax return taxact login page taxact sign page Cómo tratar reintegros superiores a los beneficios recibidos durante el año. Taxact login tax return taxact login page taxact sign page Los beneficios del Seguro Social incluyen los beneficios mensuales de jubilación, para el sobreviviente y de incapacidad. Taxact login tax return taxact login page taxact sign page Éstos no incluyen pagos del Supplemental Security Income (Ingreso de seguridad suplementario o SSI, por sus siglas en inglés), los cuales no están sujetos a impuestos. Taxact login tax return taxact login page taxact sign page Los beneficios equivalentes de la jubilación de empleados ferroviarios de nivel 1 son la parte de los beneficios de nivel 1 que un empleado ferroviario o beneficiario habría tenido derecho a recibir conforme al sistema del Seguro Social. Taxact login tax return taxact login page taxact sign page Éstos se conocen habitualmente como el Social Security equivalent benefit (beneficio equivalente al Seguro Social o SSEB, por sus siglas en inglés) de los beneficios de nivel 1. Taxact login tax return taxact login page taxact sign page Si recibió estos beneficios durante el año 2013, debería haber recibido un Formulario SSA-1099, Social Security Benefit Statement (Declaración de beneficios del Seguro Social), en inglés, o un Formulario RRB-1099, Payments by the Railroad Retirement Board (Pagos efectuados por la Junta de Jubilación Ferroviaria), en inglés. Taxact login tax return taxact login page taxact sign page Estos formularios muestran las cantidades recibidas y reintegradas y los impuestos retenidos durante el año. Taxact login tax return taxact login page taxact sign page Tal vez reciba más de uno de estos formularios para el mismo año. Taxact login tax return taxact login page taxact sign page Debe sumar las cantidades que aparezcan en todos los Formularios SSA-1099 y los Formularios RRB-1099 que reciba para el año para determinar las cantidades totales recibidas y reintegradas, y los impuestos retenidos durante ese año. Taxact login tax return taxact login page taxact sign page Consulte el Appendix (Apéndice) al final de la Publicación 915, Social Security and Equivalent Railroad Retirement Benefits (Beneficios del Seguro Social y beneficios equivalentes de jubilación para empleados ferroviarios), en inglés, para más información. Taxact login tax return taxact login page taxact sign page Nota: El uso del término “beneficios” en este capítulo corresponde tanto a los beneficios del Seguro Social como a la parte del SSEB de los beneficios de jubilación de empleados ferroviarios de nivel 1. Taxact login tax return taxact login page taxact sign page Lo que no cubre este capítulo. Taxact login tax return taxact login page taxact sign page   Este capítulo no cubre las reglas tributarias para los siguientes beneficios de jubilación de empleados ferroviarios: Parte de los beneficios no equivalentes al Seguro Social (NSSEB, por sus siglas en inglés) de los beneficios de nivel 1. Taxact login tax return taxact login page taxact sign page Beneficios de nivel 2. Taxact login tax return taxact login page taxact sign page Beneficios dobles adquiridos. Taxact login tax return taxact login page taxact sign page Beneficios suplementarios de anualidad. Taxact login tax return taxact login page taxact sign page Para obtener información acerca de estos beneficios, consulte la Publicación 575, Pension and Annuity Income (Ingresos de pensiones y anualidades), en inglés. Taxact login tax return taxact login page taxact sign page   Este capítulo no cubre las reglas tributarias para los beneficios del Seguro Social declarados en el Formulario SSA-1042S, Social Security Benefit Statement (Declaración de beneficios del Seguro Social), o Formulario RRB-1042S, Statement for Nonresident Alien Recipients of: Payments by the Railroad Retirement Board (Declaración para destinatarios extranjeros no residentes de: Pagos efectuados por la Junta de Jubilación Ferroviaria), en inglés. Taxact login tax return taxact login page taxact sign page Para información sobre estos beneficios, vea la Publicación 519, U. Taxact login tax return taxact login page taxact sign page S. Taxact login tax return taxact login page taxact sign page Tax Guide for Aliens (Guía sobre los impuestos estadounidenses para extranjeros), en inglés, y la Publicación 915, en inglés. Taxact login tax return taxact login page taxact sign page   Este capítulo tampoco cubre las reglas tributarias sobre los beneficios extranjeros del Seguro Social. Taxact login tax return taxact login page taxact sign page Estos beneficios están sujetos a impuestos como anualidades, a menos que estén exentos de impuestos estadounidenses o sean tratados como beneficios del Seguro Social estadounidense conforme a un tratado tributario. Taxact login tax return taxact login page taxact sign page Useful Items - You may want to see: Publicación 505 Tax Withholding and Estimated Tax (Retención del impuesto e impuesto estimado), en inglés 575 Pension and Annuity Income (Ingresos de pensiones y anualidades), en inglés 590 Individual Retirement Arrangements (IRAs) (Arreglos de ahorros para la jubilación (Arreglos IRA)), en inglés 915 Social Security and Equivalent Railroad Retirement Benefits (Beneficios del Seguro Social y beneficios equivalentes de jubilación para empleados ferroviarios), en inglés Formularios (e Instrucciones) 1040-ES Estimated Tax for Individuals (Impuesto estimado para las personas físicas), en inglés SSA-1099 Social Security Benefit Statement (Declaración de beneficios del Seguro Social), en inglés RRB-1099 Payments by the Railroad Retirement Board (Pagos efectuados por la Junta de Jubilación Ferroviaria), en inglés W-4V Voluntary Withholding Request (Solicitud de retención voluntaria), en inglés ¿Está Sujeta a Impuestos Alguna Parte de los Beneficios? Para saber si alguna parte de los beneficios puede estar sujeta a impuestos, compare la cantidad base de su estado civil para efectos de la declaración con el total de: La mitad de los beneficios, más Todos los demás ingresos, incluidos los intereses exentos de impuestos. Taxact login tax return taxact login page taxact sign page Al hacer esta comparación, no reste de los demás ingresos ninguna de las siguientes exclusiones: Intereses sobre bonos de ahorros estadounidenses calificados; Beneficios por adopción proporcionados por el empleador; Ingresos devengados en el extranjero o vivienda en el extranjero ni Ingresos devengados por residentes bona fide de la Samoa Estadounidense o Puerto Rico. Taxact login tax return taxact login page taxact sign page Beneficios por hijos. Taxact login tax return taxact login page taxact sign page   Las reglas en este capítulo corresponden a beneficios recibidos por hijos. Taxact login tax return taxact login page taxact sign page Vea A quién se le cobran impuestos , más adelante. Taxact login tax return taxact login page taxact sign page Cómo calcular el ingreso total. Taxact login tax return taxact login page taxact sign page   Para calcular el total de la mitad de los beneficios más otros ingresos, use la Hoja de Trabajo 11-1 que aparece más adelante en este capítulo. Taxact login tax return taxact login page taxact sign page Si el total es mayor que la cantidad base, es posible que parte de los beneficios esté sujeta a impuestos. Taxact login tax return taxact login page taxact sign page    Si es casado y presenta una declaración conjunta para el año 2013, usted y su cónyuge tienen que sumar sus ingresos y beneficios para calcular si alguna parte de la suma de éstos está sujeta a impuestos. Taxact login tax return taxact login page taxact sign page Aun si su cónyuge no recibió beneficios, tiene que sumar el ingreso de su cónyuge al suyo para calcular si alguna parte de los beneficios está sujeta a impuestos. Taxact login tax return taxact login page taxact sign page    Si el único ingreso que recibió durante el año 2013 fue del Seguro Social o la parte del SSEB de los beneficios de jubilación para empleados ferroviarios de nivel 1, los beneficios no están, por lo general, sujetos a impuestos y probablemente no tenga que presentar una declaración. Taxact login tax return taxact login page taxact sign page Si tiene ingresos además de beneficios, tal vez tenga que presentar una declaración aun si ninguna parte de los beneficios está sujeta a impuestos. Taxact login tax return taxact login page taxact sign page Cantidad base. Taxact login tax return taxact login page taxact sign page   La cantidad base es: $25,000 si es soltero, cabeza de familia o viudo que reúne los requisitos; $25,000 si es casado que presenta una declaración por separado y vivió separado de su cónyuge durante todo el año 2013; $32,000 si es casado que presenta una declaración conjunta o $-0- si es casado que presenta una declaración por separado y vivió con su cónyuge en algún momento durante el año 2013. Taxact login tax return taxact login page taxact sign page Hoja de Trabajo 11-1. Taxact login tax return taxact login page taxact sign page    Puede usar la Hoja de Trabajo 11-1 para calcular la cantidad de ingresos y compararla con la cantidad base. Taxact login tax return taxact login page taxact sign page Ésta es una manera rápida de averiguar si alguna parte de sus beneficios está sujeta a impuestos. Taxact login tax return taxact login page taxact sign page Hoja de Trabajo 11-1. Taxact login tax return taxact login page taxact sign page Una Manera Rápida de Averiguar si sus Beneficios Podrían Estar Sujetos a Impuestos A. Taxact login tax return taxact login page taxact sign page Anote la cantidad del recuadro 5 de todos los Formularios SSA-1099 y RRB-1099. Taxact login tax return taxact login page taxact sign page Incluya la cantidad total de los pagos de beneficios en suma global recibidos en el año 2013, para el año 2013 y años anteriores. Taxact login tax return taxact login page taxact sign page Si recibió más de un formulario, sume las cantidades del recuadro 5 y anote el total. Taxact login tax return taxact login page taxact sign page A. Taxact login tax return taxact login page taxact sign page   Nota: Si la cantidad de la línea A es cero o menos, deténgase aquí; ninguna parte de los beneficios está sujeta a impuestos este año. Taxact login tax return taxact login page taxact sign page B. Taxact login tax return taxact login page taxact sign page Anote la mitad de la cantidad de la línea A B. Taxact login tax return taxact login page taxact sign page   C. Taxact login tax return taxact login page taxact sign page Anote las pensiones, salarios, intereses, dividendos y otros ingresos sujetos a impuestos C. Taxact login tax return taxact login page taxact sign page   D. Taxact login tax return taxact login page taxact sign page Anote todos los ingresos de intereses exentos de impuestos (como intereses de bonos municipales) más toda exclusión de los ingresos (enumerados anteriormente) . Taxact login tax return taxact login page taxact sign page D. Taxact login tax return taxact login page taxact sign page   E. Taxact login tax return taxact login page taxact sign page Sume las líneas B, C y D E. Taxact login tax return taxact login page taxact sign page   Nota: Compare la cantidad de la línea E con la cantidad base correspondiente a su estado civil para efectos de la declaración. Taxact login tax return taxact login page taxact sign page Si la cantidad de la línea E es igual o menor que la cantidad base correspondiente a su estado civil, ninguna parte de sus beneficios está sujeta a impuestos este año. Taxact login tax return taxact login page taxact sign page Si la cantidad de la línea E es mayor que la cantidad base, alguna parte de sus beneficios podría estar sujeta a impuestos. Taxact login tax return taxact login page taxact sign page Tiene que completar la Hoja de Trabajo 1 de la Publicación 915, en inglés (o la Social Security Benefits Worksheet (Hoja de trabajo para beneficios del Seguro Social) de las instrucciones del formulario para la declaración de impuestos que usted presenta). Taxact login tax return taxact login page taxact sign page Si ninguna parte de los beneficios está sujeta a impuestos, pero igual tiene que presentar una declaración, vea más adelante Beneficios no sujetos a impuestos , bajo Cómo Declarar los Beneficios. Taxact login tax return taxact login page taxact sign page Ejemplo. Taxact login tax return taxact login page taxact sign page Usted y su cónyuge (ambos mayores de 65 años de edad) presentan una declaración conjunta para el año 2013 y ambos recibieron beneficios del Seguro Social durante el año. Taxact login tax return taxact login page taxact sign page En enero del año 2014, usted recibió un Formulario SSA-1099 que muestra beneficios netos de $7,500 en el recuadro 5. Taxact login tax return taxact login page taxact sign page Su cónyuge recibió un Formulario SSA-1099 que muestra beneficios netos de $3,500 en el recuadro 5. Taxact login tax return taxact login page taxact sign page Además, usted recibió una pensión sujeta a impuestos de $22,800 e ingresos de intereses de $500. Taxact login tax return taxact login page taxact sign page No tuvo ningún ingreso de intereses exentos de impuestos. Taxact login tax return taxact login page taxact sign page Sus beneficios no están sujetos a impuestos para el año 2013 debido a que su ingreso, según lo calculado en la Hoja de Trabajo 11-1 completada, no es mayor que la cantidad base ($32,000) para una persona casada que presenta una declaración conjunta. Taxact login tax return taxact login page taxact sign page Aunque ninguna cantidad de sus beneficios está sujeta a impuestos, usted tiene que presentar una declaración para el año 2013 debido a que su ingreso bruto sujeto a impuestos ($23,300) excede de la cantidad mínima requerida para la presentación de la declaración correspondiente a su estado civil para efectos de la declaración. Taxact login tax return taxact login page taxact sign page Hoja de Trabajo 11-1 completada. Taxact login tax return taxact login page taxact sign page Una Manera Rápida de Averiguar si sus Beneficios Podrían Estar Sujetos a Impuestos A. Taxact login tax return taxact login page taxact sign page Anote la cantidad del recuadro 5 de todos los Formularios SSA-1099 y RRB-1099. Taxact login tax return taxact login page taxact sign page Incluya la cantidad total de los pagos de beneficios en suma global recibidos en el año 2013, para el año 2013 y años anteriores. Taxact login tax return taxact login page taxact sign page Si recibió más de un formulario, sume las cantidades del recuadro 5 y anote el total. Taxact login tax return taxact login page taxact sign page A. Taxact login tax return taxact login page taxact sign page $ 11,000 Nota: Si la cantidad de la línea A es cero o menos, deténgase aquí; ninguna parte de los beneficios está sujeta a impuestos este año. Taxact login tax return taxact login page taxact sign page B. Taxact login tax return taxact login page taxact sign page Anote la mitad de la cantidad de la línea A B. Taxact login tax return taxact login page taxact sign page 5,500 C. Taxact login tax return taxact login page taxact sign page Anote las pensiones, salarios, intereses, dividendos y otros ingresos sujetos a impuestos C. Taxact login tax return taxact login page taxact sign page 23,300 D. Taxact login tax return taxact login page taxact sign page Anote todos los ingresos de intereses exentos de impuestos (como intereses de bonos municipales) más toda exclusión de los ingresos (enumerados anteriormente). Taxact login tax return taxact login page taxact sign page D. Taxact login tax return taxact login page taxact sign page -0- E. Taxact login tax return taxact login page taxact sign page Sume las líneas B, C y D E. Taxact login tax return taxact login page taxact sign page $28,800 Nota: Compare la cantidad de la línea E con la cantidad base correspondiente a su estado civil para efectos de la declaración. Taxact login tax return taxact login page taxact sign page Si la cantidad de la línea E es igual o menor que la cantidad base correspondiente a su estado civil, ninguna parte de sus beneficios está sujeta a impuestos este año. Taxact login tax return taxact login page taxact sign page Si la cantidad de la línea E es mayor que la cantidad base, alguna parte de sus beneficios podría estar sujeta a impuestos. Taxact login tax return taxact login page taxact sign page Tiene que completar la Hoja de Trabajo 1 de la Publicación 915, en inglés (o la Social Security Benefits Worksheet (Hoja de trabajo para beneficios del Seguro Social) de las instrucciones del formulario para la declaración de impuestos que usted presenta). Taxact login tax return taxact login page taxact sign page Si ninguna parte de los beneficios está sujeta a impuestos, pero igual tiene que presentar una declaración, vea más adelante Beneficios no sujetos a impuestos , bajo Cómo Declarar los Beneficios. Taxact login tax return taxact login page taxact sign page A quién se le cobran impuestos. Taxact login tax return taxact login page taxact sign page   Los beneficios se incluyen en los ingresos sujetos a impuestos (según estén sujetos a impuestos) de la persona que tiene derecho legal a recibirlos. Taxact login tax return taxact login page taxact sign page Por ejemplo, si usted y su hijo reciben beneficios, pero el cheque de su hijo está a nombre de usted, tiene que usar sólo la parte de los beneficios que le corresponde a usted para ver si alguna parte de los beneficios en su caso está sujeta a impuestos. Taxact login tax return taxact login page taxact sign page La mitad de la parte correspondiente a su hijo tiene que sumarse a los demás ingresos de su hijo para saber si alguna parte de esos beneficios está sujeta a impuestos para su hijo. Taxact login tax return taxact login page taxact sign page Reintegro de beneficios. Taxact login tax return taxact login page taxact sign page   Todo reintegro de beneficios que usted haya hecho durante el año 2013 tiene que restarse de los beneficios brutos que recibió en el año 2013. Taxact login tax return taxact login page taxact sign page No importa si el reintegro fue por beneficios recibidos en el año 2013 o en un año anterior. Taxact login tax return taxact login page taxact sign page Si el reintegro fue mayor que los beneficios brutos recibidos en el año 2013, consulte Reintegros Superiores a los Beneficios Brutos , más adelante. Taxact login tax return taxact login page taxact sign page   Los beneficios brutos aparecen en el recuadro 3 del Formulario SSA-1099 o RRB-1099. Taxact login tax return taxact login page taxact sign page Los reintegros aparecen en el recuadro 4. Taxact login tax return taxact login page taxact sign page La cantidad del recuadro 5 muestra los beneficios netos del año 2013 (recuadro 3 menos recuadro 4). Taxact login tax return taxact login page taxact sign page Use la cantidad del recuadro 5 para calcular si alguna parte de sus beneficios está sujeta a impuestos. Taxact login tax return taxact login page taxact sign page Retención de impuestos e impuesto estimado. Taxact login tax return taxact login page taxact sign page   Puede optar por que se haga la retención del impuesto federal sobre el ingreso de sus beneficios del Seguro Social y/o de la parte del SSEB de sus beneficios de jubilación para empleados ferroviarios de nivel 1. Taxact login tax return taxact login page taxact sign page Si opta por hacerlo, tiene que completar un Formulario W-4V. Taxact login tax return taxact login page taxact sign page   Si opta por no hacer la retención del impuesto sobre el ingreso, tal vez tenga que solicitar la retención adicional de otros ingresos o pagar un impuesto estimado durante el año. Taxact login tax return taxact login page taxact sign page Para más detalles, consulte la Publicación 505 o las instrucciones para el Formulario 1040-ES, ambas en inglés. Taxact login tax return taxact login page taxact sign page Cómo Declarar los Beneficios Si parte de sus beneficios está sujeta a impuestos, tiene que usar el Formulario 1040 o el Formulario 1040A. Taxact login tax return taxact login page taxact sign page No puede usar el Formulario 1040EZ. Taxact login tax return taxact login page taxact sign page Cómo hacer la declaración en el Formulario 1040. Taxact login tax return taxact login page taxact sign page   Declare los beneficios netos (la cantidad total del recuadro 5 de todos los Formularios SSA-1099 y de los Formularios RRB-1099) en la línea 20a y la parte sujeta a impuestos en la línea 20b. Taxact login tax return taxact login page taxact sign page Si es casado que presenta una declaración por separado y vivió separado de su cónyuge durante todo el año 2013, anote también “D” a la derecha de la palabra “ benefits ” (beneficios) en la línea 20a. Taxact login tax return taxact login page taxact sign page Cómo hacer la declaración en el Formulario 1040A. Taxact login tax return taxact login page taxact sign page   Declare los beneficios netos (la cantidad total del recuadro 5 de todos los Formularios SSA-1099 y de los Formularios RRB-1099) en la línea 14a y la parte sujeta a impuestos en la línea 14b. Taxact login tax return taxact login page taxact sign page Si es casado que presenta una declaración por separado y vivió separado de su cónyuge durante todo el año 2013, anote también “D” a la derecha de la palabra “ benefits ” (beneficios) en la línea 14a. Taxact login tax return taxact login page taxact sign page Beneficios no sujetos a impuestos. Taxact login tax return taxact login page taxact sign page   Si presenta el Formulario 1040EZ, no declare beneficios en su declaración de impuestos. Taxact login tax return taxact login page taxact sign page Si presenta el Formulario 1040 o Formulario 1040A, declare sus beneficios netos (la cantidad total del recuadro 5 de todos sus Formularios SSA-1099 y Formularios RRB-1099) en la línea 20a del Formulario 1040 o en la línea 14a del Formulario 1040A. Taxact login tax return taxact login page taxact sign page Anote “-0-” en la línea 20b del Formulario 1040 o en la línea 14b del Formulario 1040A. Taxact login tax return taxact login page taxact sign page Si es casado que presenta la declaración por separado y vivió separado de su cónyuge durante todo el año 2013, anote también “D” a la derecha de la palabra “ benefits ” (beneficios) en la línea 20a del Formulario 1040 o en la línea 14a del Formulario 1040A. Taxact login tax return taxact login page taxact sign page ¿Cuánto Está Sujeto a Impuestos? Si parte de sus beneficios está sujeta a impuestos, dicha cantidad depende de la cantidad total de los beneficios y otros ingresos. Taxact login tax return taxact login page taxact sign page Normalmente, cuanto más alta sea esa cantidad total, mayor es la parte sujeta a impuestos de los beneficios. Taxact login tax return taxact login page taxact sign page Máxima parte sujeta a impuestos. Taxact login tax return taxact login page taxact sign page   Por lo general, hasta el 50% de los beneficios están sujetos a impuestos. Taxact login tax return taxact login page taxact sign page Sin embargo, hasta el 85% de los beneficios pueden estar sujetos a impuestos si en su caso se da alguna de las siguientes situaciones: El total de la mitad de los beneficios más todos los demás ingresos es mayor de $34,000 ($44,000 si es casado que presenta una declaración conjunta). Taxact login tax return taxact login page taxact sign page Es casado que presenta una declaración por separado y vivió con su cónyuge en algún momento durante el año 2013. Taxact login tax return taxact login page taxact sign page Qué hoja de trabajo debe usar. Taxact login tax return taxact login page taxact sign page   En las instrucciones del Formulario 1040 o del Formulario 1040A hay una hoja de trabajo para calcular los beneficios sujetos a impuestos. Taxact login tax return taxact login page taxact sign page Puede usar esa hoja de trabajo o la Hoja de Trabajo 1 de la Publicación 915, en inglés, a menos que alguna de las siguientes situaciones corresponda a su caso: Hizo aportaciones a un arreglo de ahorros para la jubilación (IRA, por sus siglas en inglés) tradicional y usted o su cónyuge está cubierto por un plan de jubilación del trabajo. Taxact login tax return taxact login page taxact sign page En esta situación, usted tiene que usar las hojas de trabajo especiales del Appendix (Apéndice) B de la Publicación 590, en inglés, para calcular la deducción por un arreglo IRA y los beneficios sujetos a impuestos. Taxact login tax return taxact login page taxact sign page La situación (1) no le corresponde y usted declara una exclusión por intereses sobre los bonos de ahorros estadounidenses calificados (Formulario 8815), beneficios por adopción (Formulario 8839), ingresos devengados en el extranjero o vivienda en el extranjero (Formulario 2555 o Formulario 2555-EZ), o ingresos devengados en la Samoa Estadounidense (Formulario 4563) o Puerto Rico declarados por residentes bona fide. Taxact login tax return taxact login page taxact sign page En esta situación, se tiene que usar la Hoja de Trabajo 1 de la Publicación 915, en inglés, para calcular los beneficios sujetos a impuestos. Taxact login tax return taxact login page taxact sign page Recibió un pago de suma global por un año anterior. Taxact login tax return taxact login page taxact sign page En esta situación, complete además la Hoja de Trabajo 2 ó 3 y la Hoja de Trabajo 4 de la Publicación 915, en inglés. Taxact login tax return taxact login page taxact sign page Consulte Elección de suma global , tema que aparece a continuación. Taxact login tax return taxact login page taxact sign page Elección de suma global. Taxact login tax return taxact login page taxact sign page   Tiene que incluir la parte sujeta a impuestos de un pago de suma global (retroactivo) de beneficios recibidos en el año 2013 en los ingresos del año 2013, aun si el pago incluye beneficios de un año anterior. Taxact login tax return taxact login page taxact sign page    Este pago global de beneficios no debe confundirse con el pago global de beneficios por fallecimiento que la SSA y la RRB pagan a muchos de sus beneficiarios. Taxact login tax return taxact login page taxact sign page Ninguna parte del pago global de beneficios por fallecimiento está sujeta a impuestos. Taxact login tax return taxact login page taxact sign page   Generalmente, se usa el ingreso del año 2013 para calcular la parte sujeta a impuestos del total de beneficios recibidos en el año 2013. Taxact login tax return taxact login page taxact sign page Sin embargo, tal vez pueda calcular la parte sujeta a impuestos de un pago de suma global de un año anterior por separado, mediante el uso del ingreso del año anterior. Taxact login tax return taxact login page taxact sign page Puede optar por este método si eso reduce los beneficios sujetos a impuestos. Taxact login tax return taxact login page taxact sign page Cómo elegir su opción. Taxact login tax return taxact login page taxact sign page   Si recibió un pago global de beneficios en el año 2013 que incluya beneficios de uno o más años anteriores, siga las instrucciones de la Publicación 915 bajo Lump-Sum Election (Elección de suma global) para saber si dicha elección reducirá sus beneficios sujetos a impuestos. Taxact login tax return taxact login page taxact sign page Ese análisis también explica cómo elegir la opción que le sea de mayor beneficio. Taxact login tax return taxact login page taxact sign page    Debido a que los beneficios sujetos a impuestos de ese año anterior se incluyen en el ingreso del año 2013, no es necesario realizar ningún ajuste en la declaración del año anterior. Taxact login tax return taxact login page taxact sign page No presente una declaración enmendada del año anterior. Taxact login tax return taxact login page taxact sign page Ejemplos Los siguientes son algunos ejemplos que puede usar como guía para calcular la parte sujeta a impuestos de sus beneficios. Taxact login tax return taxact login page taxact sign page Ejemplo 1. Taxact login tax return taxact login page taxact sign page Jorge Blanco es soltero y presenta el Formulario 1040 para el año 2013. Taxact login tax return taxact login page taxact sign page Jorge recibió los siguientes ingresos en el año 2013: Pensión íntegramente sujeta a impuestos $18,600 Salario de trabajo a tiempo parcial 9,400 Ingreso de intereses sujeto a impuestos 990 Total $28,990 Además, Jorge recibió beneficios del Seguro Social durante el año 2013. Taxact login tax return taxact login page taxact sign page El Formulario SSA-1099 que recibió en enero del año 2014 muestra $5,980 en el recuadro 5. Taxact login tax return taxact login page taxact sign page Para calcular sus beneficios sujetos a impuestos, Jorge completa la hoja de trabajo que aparece aquí. Taxact login tax return taxact login page taxact sign page Hoja de Trabajo 1 completada. Taxact login tax return taxact login page taxact sign page Cómo Calcular los Beneficios Sujetos a Impuestos 1. Taxact login tax return taxact login page taxact sign page Anote la cantidad total del recuadro 5 de TODOS los Formularios SSA-1099 y RRB-1099. Taxact login tax return taxact login page taxact sign page Además, anote esta cantidad en la línea 20a del Formulario 1040 o en la línea 14a del Formulario 1040A. Taxact login tax return taxact login page taxact sign page $5,980 2. Taxact login tax return taxact login page taxact sign page Anote la mitad de la línea 1. Taxact login tax return taxact login page taxact sign page 2,990 3. Taxact login tax return taxact login page taxact sign page Sume el total de las cantidades del:     Formulario 1040: Líneas 7, 8a, 9a, 10 a 14, 15b, 16b, 17 a 19 y 21. Taxact login tax return taxact login page taxact sign page     Formulario 1040A: Líneas 7, 8a, 9a, 10, 11b, 12b y 13 28,990 4. Taxact login tax return taxact login page taxact sign page Anote la cantidad, si la hubiera, de la línea 8b del Formulario 1040 o del Formulario 1040A. Taxact login tax return taxact login page taxact sign page -0- 5. Taxact login tax return taxact login page taxact sign page Anote el total de toda exclusión/ajuste por:     • Beneficios por adopción (línea 28 del Formulario 8839),     • Ingresos devengados en el extranjero o vivienda en el extranjero (líneas 45 y 50 del Formulario 2555 o línea 18 del Formulario 2555-EZ) y     • Ciertos ingresos de residentes bona fide de la Samoa Estadounidense (línea 15 del Formulario 4563) o de Puerto Rico . Taxact login tax return taxact login page taxact sign page . Taxact login tax return taxact login page taxact sign page -0- 6. Taxact login tax return taxact login page taxact sign page Sume las líneas 2, 3, 4 y 5 31,980 7. Taxact login tax return taxact login page taxact sign page Declarantes que presentan el Formulario 1040: Anote la cantidad de las líneas 23 a 32 del Formulario 1040 y toda cantidad que se haya anotado en la línea de puntos directamente al lado de la línea 36 del Formulario 1040. Taxact login tax return taxact login page taxact sign page     Declarantes que presentan el Formulario 1040A: Anote la cantidad de las líneas 16 y 17 del Formulario 1040A. Taxact login tax return taxact login page taxact sign page -0- 8. Taxact login tax return taxact login page taxact sign page ¿Es la cantidad de la línea 7 menor que la cantidad de la línea 6?     No. Taxact login tax return taxact login page taxact sign page Ninguna parte de los beneficios del Seguro Social está sujeta a impuestos. Taxact login tax return taxact login page taxact sign page Anote -0- en la línea 20b del Formulario 1040 o en la línea 14b del Formulario 1040A. Taxact login tax return taxact login page taxact sign page   Sí. Taxact login tax return taxact login page taxact sign page Reste la línea 7 de la línea 6 31,980 9. Taxact login tax return taxact login page taxact sign page Si es: Casado que presenta una declaración conjunta, anote $32,000. Taxact login tax return taxact login page taxact sign page Soltero, cabeza de familia, viudo que reúne los requisitos o casado que presenta una declaración por separado y vivió separado de su cónyuge durante todo el año 2013, anote $25,000. Taxact login tax return taxact login page taxact sign page 25,000   Nota: Si es casado que presenta una declaración por separado y vivió con su cónyuge en algún momento del año 2013, omita las líneas 9 a 16; multiplique la línea 8 por 85% (0. Taxact login tax return taxact login page taxact sign page 85) y anote el resultado en la línea 17. Taxact login tax return taxact login page taxact sign page Luego, pase a la línea 18. Taxact login tax return taxact login page taxact sign page   10. Taxact login tax return taxact login page taxact sign page ¿Es la cantidad de la línea 9 menor que la cantidad de la línea 8?     No. Taxact login tax return taxact login page taxact sign page Ninguna parte de los beneficios está sujeta a impuestos. Taxact login tax return taxact login page taxact sign page Anote “-0-” en la línea 20b del Formulario 1040 o en la línea 14b del Formulario 1040A. Taxact login tax return taxact login page taxact sign page Si es casado que presenta una declaración por separado y vivió separado de su cónyuge durante todo el año 2013, asegúrese de haber anotado “D” a la derecha de la palabra “ benefits ” (beneficios) en la línea 20a del Formulario 1040 o la línea 14a del Formulario 1040A. Taxact login tax return taxact login page taxact sign page     Sí. Taxact login tax return taxact login page taxact sign page Reste la línea 9 de la línea 8 6,980 11. Taxact login tax return taxact login page taxact sign page Anote $12,000 si es casado que presenta una declaración conjunta; $9,000 si es soltero, cabeza de familia, viudo que reúne los requisitos o casado que presenta una declaración por separado y vivió separado de su cónyuge durante todo el año 2013. Taxact login tax return taxact login page taxact sign page 9,000 12. Taxact login tax return taxact login page taxact sign page Reste la línea 11 de la línea 10. Taxact login tax return taxact login page taxact sign page Si el resultado es cero o menos, anote “-0-”. Taxact login tax return taxact login page taxact sign page -0- 13. Taxact login tax return taxact login page taxact sign page De las líneas 10 y 11, anote la que sea menor 6,980 14. Taxact login tax return taxact login page taxact sign page Anote la mitad de la línea 13. Taxact login tax return taxact login page taxact sign page 3,490 15. Taxact login tax return taxact login page taxact sign page De las líneas 2 y 14, anote la que sea menor 2,990 16. Taxact login tax return taxact login page taxact sign page Multiplique la línea 12 por 85% (0. Taxact login tax return taxact login page taxact sign page 85). Taxact login tax return taxact login page taxact sign page Si la línea 12 es cero, anote “-0-”. Taxact login tax return taxact login page taxact sign page -0- 17. Taxact login tax return taxact login page taxact sign page Sume las líneas 15 y 16. Taxact login tax return taxact login page taxact sign page 2,990 18. Taxact login tax return taxact login page taxact sign page Multiplique la línea 1 por 85% (0. Taxact login tax return taxact login page taxact sign page 85). Taxact login tax return taxact login page taxact sign page 5,083 19. Taxact login tax return taxact login page taxact sign page Beneficios sujetos a impuestos. Taxact login tax return taxact login page taxact sign page De las líneas 17 y 18, anote la que sea menor. Taxact login tax return taxact login page taxact sign page Además, anote esta cantidad en la línea 20b del Formulario 1040 o la línea 14b del Formulario 1040A. Taxact login tax return taxact login page taxact sign page $2,990       La cantidad de la línea 19 de la hoja de trabajo de Jorge muestra que $2,990 de sus beneficios del Seguro Social están sujetos a impuestos. Taxact login tax return taxact login page taxact sign page En la línea 20a de su Formulario 1040, Jorge anota sus beneficios netos de $5,980. Taxact login tax return taxact login page taxact sign page En la línea 20b, anota beneficios sujetos a impuestos de $2,990. Taxact login tax return taxact login page taxact sign page   Ejemplo 2. Taxact login tax return taxact login page taxact sign page Raimundo y Alicia García presentan una declaración conjunta en el Formulario 1040A para el año 2013. Taxact login tax return taxact login page taxact sign page Raimundo está jubilado y recibió una pensión íntegramente sujeta a impuestos de $15,500. Taxact login tax return taxact login page taxact sign page Además, recibió beneficios del Seguro Social y su Formulario SSA-1099 para el año 2013 muestra beneficios netos de $5,600 en el recuadro 5. Taxact login tax return taxact login page taxact sign page Alicia trabajó durante el año y tuvo un salario de $14,000. Taxact login tax return taxact login page taxact sign page Ella efectuó un pago deducible a su arreglo IRA de $1,000. Taxact login tax return taxact login page taxact sign page Raimundo y Alicia tienen dos cuentas de ahorros con un total de $250 de ingresos de intereses sujetos a impuestos. Taxact login tax return taxact login page taxact sign page Ellos completan la Hoja de Trabajo 1, anotando $29,750 ($15,500 + $14,000 + $250) en la línea 3. Taxact login tax return taxact login page taxact sign page Ellos descubren que ninguna parte de los beneficios del Seguro Social de Raimundo está sujeta a impuestos. Taxact login tax return taxact login page taxact sign page En el Formulario 1040A, anotan $5,600 en la línea 14a y “-0-” en la línea 14b. Taxact login tax return taxact login page taxact sign page Hoja de Trabajo 1 completada. Taxact login tax return taxact login page taxact sign page Cómo Calcular los Beneficios Sujetos a Impuestos 1. Taxact login tax return taxact login page taxact sign page Anote la cantidad total del recuadro 5 de TODOS los Formularios SSA-1099 y RRB-1099. Taxact login tax return taxact login page taxact sign page Además, anote esta cantidad en la línea 20a del Formulario 1040 o en la línea 14a del Formulario 1040A. Taxact login tax return taxact login page taxact sign page $5,600 2. Taxact login tax return taxact login page taxact sign page Anote la mitad de la línea 1. Taxact login tax return taxact login page taxact sign page 2,800 3. Taxact login tax return taxact login page taxact sign page Sume el total de las cantidades del:     Formulario 1040: Líneas 7, 8a, 9a, 10 a 14, 15b, 16b,17 a 19 y 21. Taxact login tax return taxact login page taxact sign page     Formulario 1040A: Líneas 7, 8a, 9a, 10, 11b, 12b y 13 29,750 4. Taxact login tax return taxact login page taxact sign page Anote la cantidad, si la hubiera, de la línea 8b del Formulario 1040 o del Formulario 1040A. Taxact login tax return taxact login page taxact sign page -0- 5. Taxact login tax return taxact login page taxact sign page Anote el total de toda exclusión/ajuste por:     • Beneficios por adopción (línea 28 del Formulario 8839),     • Ingresos devengados en el extranjero o vivienda en el extranjero (líneas 45 y 50 del Formulario 2555 o línea 18 del Formulario 2555-EZ) y     • Ciertos ingresos de residentes bona fide de la Samoa Estadounidense (línea 15 del Formulario 4563) o de Puerto Rico -0- 6. Taxact login tax return taxact login page taxact sign page Sume las líneas 2, 3, 4 y 5 32,550 7. Taxact login tax return taxact login page taxact sign page Declarantes que presentan el Formulario 1040: Anote la cantidad de las líneas 23 a 32 del Formulario 1040 y toda cantidad que se haya anotado en la línea de puntos directamente al lado de la línea 36 del Formulario 1040. Taxact login tax return taxact login page taxact sign page     Declarantes que presentan el Formulario 1040A: Anote la cantidad de las líneas 16 y 17 del Formulario 1040A. Taxact login tax return taxact login page taxact sign page 1,000 8. Taxact login tax return taxact login page taxact sign page ¿Es la cantidad de la línea 7 menor que la cantidad de la línea 6?     No. Taxact login tax return taxact login page taxact sign page Ninguna parte de los beneficios del Seguro Social está sujeta a impuestos. Taxact login tax return taxact login page taxact sign page Anote -0- en la línea 20b del Formulario 1040 o en la línea 14b del Formulario 1040A. Taxact login tax return taxact login page taxact sign page   Sí. Taxact login tax return taxact login page taxact sign page Reste la línea 7 de la línea 6 31,550 9. Taxact login tax return taxact login page taxact sign page Si es: Casado que presenta una declaración conjunta, anote $32,000. Taxact login tax return taxact login page taxact sign page Soltero, cabeza de familia, viudo que reúne los requisitos o casado que presenta una declaración por separado y vivió separado de su cónyuge durante todo el año 2013, anote $25,000. Taxact login tax return taxact login page taxact sign page 32,000   Nota: Si es casado que presenta una declaración por separado y vivió con su cónyuge en algún momento del año 2013, omita las líneas 9 a 16; multiplique la línea 8 por 85% (0. Taxact login tax return taxact login page taxact sign page 85) y anote el resultado en la línea 17. Taxact login tax return taxact login page taxact sign page Luego, pase a la línea 18. Taxact login tax return taxact login page taxact sign page   10. Taxact login tax return taxact login page taxact sign page ¿Es la cantidad de la línea 9 menor que la cantidad de la línea 8?     No. Taxact login tax return taxact login page taxact sign page Ninguna parte de los beneficios está sujeta a impuestos. Taxact login tax return taxact login page taxact sign page Anote “-0-” en la línea 20b del Formulario 1040 o en la línea 14b del Formulario 1040A. Taxact login tax return taxact login page taxact sign page Si es casado que presenta una declaración por separado y vivió separado de su cónyuge durante todo el año 2013, asegúrese de haber anotado “D” a la derecha de la palabra “ benefits ” (beneficios) en la línea 20a del Formulario 1040 o la línea 14a del Formulario 1040A. Taxact login tax return taxact login page taxact sign page     Sí. Taxact login tax return taxact login page taxact sign page Reste la línea 9 de la línea 8   11. Taxact login tax return taxact login page taxact sign page Anote $12,000 si es casado que presenta una declaración conjunta; $9,000 si es soltero, cabeza de familia, viudo que reúne los requisitos o casado que presenta una declaración por separado y vivió separado de su cónyuge durante todo el año 2013. Taxact login tax return taxact login page taxact sign page   12. Taxact login tax return taxact login page taxact sign page Reste la línea 11 de la línea 10. Taxact login tax return taxact login page taxact sign page Si el resultado es cero o menos, anote “-0-”. Taxact login tax return taxact login page taxact sign page   13. Taxact login tax return taxact login page taxact sign page De las líneas 10 y 11, anote la que sea menor   14. Taxact login tax return taxact login page taxact sign page Anote la mitad de la línea 13. Taxact login tax return taxact login page taxact sign page   15. Taxact login tax return taxact login page taxact sign page De las líneas 2 y 14, anote la que sea menor   16. Taxact login tax return taxact login page taxact sign page Multiplique la línea 12 por 85% (0. Taxact login tax return taxact login page taxact sign page 85). Taxact login tax return taxact login page taxact sign page Si la línea 12 es cero, anote “-0-”. Taxact login tax return taxact login page taxact sign page   17. Taxact login tax return taxact login page taxact sign page Sume las líneas 15 y 16. Taxact login tax return taxact login page taxact sign page   18. Taxact login tax return taxact login page taxact sign page Multiplique la línea 1 por 85% (0. Taxact login tax return taxact login page taxact sign page 85). Taxact login tax return taxact login page taxact sign page   19. Taxact login tax return taxact login page taxact sign page Beneficios sujetos a impuestos. Taxact login tax return taxact login page taxact sign page De las líneas 17 y 18, anote la que sea menor. Taxact login tax return taxact login page taxact sign page Además, anote esta cantidad en la línea 20b del Formulario 1040 o la línea 14b del Formulario 1040A. Taxact login tax return taxact login page taxact sign page   Ejemplo 3. Taxact login tax return taxact login page taxact sign page José y Beatriz Pérez presentan una declaración conjunta en el Formulario 1040 del año 2013. Taxact login tax return taxact login page taxact sign page José es empleado ferroviario jubilado y en el año 2013 recibió la parte de beneficios equivalentes del Seguro Social (SSEB, por sus siglas en inglés) de los beneficios de jubilación para empleados ferroviarios de nivel 1. Taxact login tax return taxact login page taxact sign page El Formulario RRB-1099 de José muestra $10,000 en el recuadro 5. Taxact login tax return taxact login page taxact sign page Beatriz es funcionaria del gobierno jubilada y recibe una pensión íntegramente sujeta a impuestos de $38,000. Taxact login tax return taxact login page taxact sign page Ellos tuvieron $2,300 de ingresos de intereses sujetos a impuestos más $200 de intereses sobre bonos de ahorros estadounidenses calificados. Taxact login tax return taxact login page taxact sign page Los intereses sobre bonos de ahorros cumplieron las condiciones de la exclusión. Taxact login tax return taxact login page taxact sign page Calculan sus beneficios sujetos a impuestos completando la Hoja de Trabajo 1. Taxact login tax return taxact login page taxact sign page Ya que han recibido intereses sobre bonos de ahorros estadounidenses calificados, siguen las instrucciones en la primera parte de la hoja de trabajo y, en la línea 3 de la misma, anotan la cantidad de la línea 2 del Anexo B (Formulario 1040A o del Formulario 1040) en vez de anotar la cantidad de la línea 8a del Formulario 1040. Taxact login tax return taxact login page taxact sign page En la línea 3 de la hoja de trabajo, anotan $40,500 ($38,000 + $2,500). Taxact login tax return taxact login page taxact sign page Hoja de Trabajo 1 completada. Taxact login tax return taxact login page taxact sign page Cómo Calcular los Beneficios Sujetos a Impuestos Tenga en cuenta los siguientes puntos antes de completar esta hoja de trabajo: • Si es casado que presenta una declaración por separado y no vivió con su cónyuge durante todo el año 2013, anote “D” a la derecha de la palabra “benefits” (beneficios) en la línea 20a del Formulario 1040 o en la línea 14a del Formulario 1040A. Taxact login tax return taxact login page taxact sign page • No utilice esta hoja de trabajo si reintegró beneficios en el año 2013 y el total de estos reintegros (el recuadro 4 de los Formularios SSA-1099 y RRB-1099) era mayor que los beneficios brutos que recibió para el año 2013 (el recuadro 3 de los Formularios SSA-1099 y RRB-1099). Taxact login tax return taxact login page taxact sign page Ninguna parte de los beneficios está sujeta a impuestos para el año 2013. Taxact login tax return taxact login page taxact sign page Para información adicional, vea Reintegros Superiores a los Beneficios Brutos . Taxact login tax return taxact login page taxact sign page • Si presenta el Formulario 8815, Exclusion of Interest From Series EE and I U. Taxact login tax return taxact login page taxact sign page S. Taxact login tax return taxact login page taxact sign page Savings Bonds Issued After 1989 (Exclusión de los intereses provenientes de los bonos de ahorros estadounidenses calificados de las series EE e I emitidos después de 1989), no anote en la línea 3 de esta hoja de trabajo la cantidad de la línea 8a del Formulario 1040 o de la línea 3 del Formulario 1040A. Taxact login tax return taxact login page taxact sign page En lugar de ello, anote la cantidad de la línea 2 del Anexo B del Formulario 1040A o Formulario 1040. Taxact login tax return taxact login page taxact sign page       1. Taxact login tax return taxact login page taxact sign page Anote la cantidad total del recuadro 5 de TODOS los Formularios SSA-1099 y RRB-1099. Taxact login tax return taxact login page taxact sign page Además, anote esta cantidad en la línea 20a del Formulario 1040 o en la línea 14a del Formulario 1040A. Taxact login tax return taxact login page taxact sign page $10,000 2. Taxact login tax return taxact login page taxact sign page Anote la mitad de la línea 1. Taxact login tax return taxact login page taxact sign page 5,000 3. Taxact login tax return taxact login page taxact sign page Sume el total de las cantidades del:     Formulario 1040: Líneas 7, 8a, 9a, 10 a 14, 15b, 16b, 17 a 19 y 21. Taxact login tax return taxact login page taxact sign page     Formulario 1040A: Líneas 7, 8a, 9a, 10, 11b, 12b y 13 40,500 4. Taxact login tax return taxact login page taxact sign page Anote la cantidad, si la hubiera, de la línea 8b del Formulario 1040 o del Formulario 1040A. Taxact login tax return taxact login page taxact sign page -0- 5. Taxact login tax return taxact login page taxact sign page Anote el total de toda exclusión/ajuste por:     • Beneficios por adopción (línea 28 del Formulario 8839),     • Ingresos devengados en el extranjero o vivienda en el extranjero (líneas 45 y 50 del Formulario 2555 o línea 18 del Formulario 2555-EZ) y     • Ciertos ingresos de residentes bona fide de la Samoa Estadounidense (línea 15 del Formulario 4563) o de Puerto Rico . Taxact login tax return taxact login page taxact sign page . Taxact login tax return taxact login page taxact sign page -0- 6. Taxact login tax return taxact login page taxact sign page Sume las líneas 2, 3, 4 y 5 45,500 7. Taxact login tax return taxact login page taxact sign page Declarantes que presentan el Formulario 1040: Anote la cantidad de las líneas 23 a 32 del Formulario 1040, y toda cantidad que se haya anotado en la línea de puntos directamente al lado de la línea 36 del Formulario 1040. Taxact login tax return taxact login page taxact sign page     Declarantes que presentan el Formulario 1040A: Anote la cantidad de las líneas 16 y 17 del Formulario 1040A. Taxact login tax return taxact login page taxact sign page -0- 8. Taxact login tax return taxact login page taxact sign page ¿Es la cantidad de la línea 7 menor que la cantidad de la línea 6?     No. Taxact login tax return taxact login page taxact sign page Ninguna parte de los beneficios del Seguro Social está sujeta a impuestos. Taxact login tax return taxact login page taxact sign page Anote “-0-” en la línea 20b del Formulario 1040 o en la línea 14b del Formulario 1040A. Taxact login tax return taxact login page taxact sign page   Sí. Taxact login tax return taxact login page taxact sign page Reste la línea 7 de la línea 6 45,500 9. Taxact login tax return taxact login page taxact sign page Si es: Casado que presenta una declaración conjunta, anote $32,000. Taxact login tax return taxact login page taxact sign page Soltero, cabeza de familia, viudo que reúne los requisitos o casado que presenta una declaración por separado y vivió separado de su cónyuge durante todo el año 2013, anote $25,000. Taxact login tax return taxact login page taxact sign page 32,000   Nota: Si es casado que presenta una declaración por separado y vivió con su cónyuge en algún momento del año 2013, omita las líneas 9 a 16; multiplique la línea 8 por 85% (0. Taxact login tax return taxact login page taxact sign page 85) y anote el resultado en la línea 17. Taxact login tax return taxact login page taxact sign page Luego, pase a la línea 18. Taxact login tax return taxact login page taxact sign page   10. Taxact login tax return taxact login page taxact sign page ¿Es la cantidad de la línea 9 menor que la cantidad de la línea 8?     No. Taxact login tax return taxact login page taxact sign page Ninguna parte de los beneficios está sujeta a impuestos. Taxact login tax return taxact login page taxact sign page Anote “-0-” en la línea 20b del Formulario 1040 o en la línea 14b del Formulario 1040A. Taxact login tax return taxact login page taxact sign page Si es casado que presenta una declaración por separado y vivió separado de su cónyuge durante todo el año 2013, asegúrese de haber anotado “D” a la derecha de la palabra “ benefits ” (beneficios) en la línea 20a del Formulario 1040 o la línea 14a del Formulario 1040A. Taxact login tax return taxact login page taxact sign page     Sí. Taxact login tax return taxact login page taxact sign page Reste la línea 9 de la línea 8 13,500 11. Taxact login tax return taxact login page taxact sign page Anote $12,000 si es casado que presenta una declaración conjunta; $9,000 si es soltero, cabeza de familia, viudo que reúne los requisitos o casado que presenta una declaración por separado y vivió separado de su cónyuge durante todo el año 2013. Taxact login tax return taxact login page taxact sign page 12,000 12. Taxact login tax return taxact login page taxact sign page Reste la línea 11 de la línea 10. Taxact login tax return taxact login page taxact sign page Si el resultado es cero o menos, anote “-0-”. Taxact login tax return taxact login page taxact sign page 1,500 13. Taxact login tax return taxact login page taxact sign page De las líneas 10 y 11, anote la que sea menor 12,000 14. Taxact login tax return taxact login page taxact sign page Anote la mitad de la línea 13. Taxact login tax return taxact login page taxact sign page 6,000 15. Taxact login tax return taxact login page taxact sign page De las líneas 2 y 14, anote la que sea menor 5,000 16. Taxact login tax return taxact login page taxact sign page Multiplique la línea 12 por 85% (0. Taxact login tax return taxact login page taxact sign page 85). Taxact login tax return taxact login page taxact sign page Si la línea 12 es cero, anote “-0-”. Taxact login tax return taxact login page taxact sign page 1,275 17. Taxact login tax return taxact login page taxact sign page Sume las líneas 15 y 16. Taxact login tax return taxact login page taxact sign page 6,275 18. Taxact login tax return taxact login page taxact sign page Multiplique la línea 1 por 85% (0. Taxact login tax return taxact login page taxact sign page 85). Taxact login tax return taxact login page taxact sign page 8,500 19. Taxact login tax return taxact login page taxact sign page Beneficios sujetos a impuestos. Taxact login tax return taxact login page taxact sign page De las líneas 17 y 18, anote la que sea menor. Taxact login tax return taxact login page taxact sign page Además, anote esta cantidad en la línea 20b del Formulario 1040 o la línea 14b del Formulario 1040A. Taxact login tax return taxact login page taxact sign page $6,275 Más del 50% de los beneficios netos de José están sujetos a impuestos debido a que el ingreso de la línea 8 de la hoja de trabajo ($45,500) es mayor que $44,000. Taxact login tax return taxact login page taxact sign page José y Beatriz anotan $10,000 en la línea 20a del Formulario 1040 y $6,275 en la línea 20b del Formulario 1040. Taxact login tax return taxact login page taxact sign page Deducciones Relacionadas con los Beneficios Tal vez tenga derecho a deducir ciertas cantidades relacionadas con los beneficios que reciba. Taxact login tax return taxact login page taxact sign page Pagos por incapacidad. Taxact login tax return taxact login page taxact sign page   Tal vez haya recibido pagos por incapacidad de su empleador o de una compañía de seguros que usted incluyó como ingresos en la declaración de impuestos de algún año anterior. Taxact login tax return taxact login page taxact sign page Si recibió un pago de suma global de la SSA o de la RRB, y tuvo que reintegrar al empleador o compañía de seguros los pagos por incapacidad, puede declarar una deducción detallada por la parte de los pagos que incluyó en los ingresos brutos de ese año anterior. Taxact login tax return taxact login page taxact sign page Si la cantidad que reintegra es más de $3,000, tal vez pueda reclamar un crédito tributario en su lugar. Taxact login tax return taxact login page taxact sign page Declare la deducción o crédito de la misma manera que se explica bajo Reintegros Superiores a los Beneficios Brutos , más adelante. Taxact login tax return taxact login page taxact sign page Gastos por asuntos legales. Taxact login tax return taxact login page taxact sign page   Normalmente se pueden deducir gastos por asuntos legales pagados, o en los que haya incurrido, para producir o cobrar ingresos sujetos a impuestos o relacionados con la determinación, el cobro o el reembolso de algún impuesto. Taxact login tax return taxact login page taxact sign page   Los gastos por asuntos legales por el cobro de la parte sujeta a impuestos de sus beneficios son deducibles como una deducción miscelánea detallada en la línea 23 del Anexo A (Formulario 1040). Taxact login tax return taxact login page taxact sign page Reintegros Superiores a los Beneficios Brutos En algunas situaciones, el Formulario SSA-1099 o el Formulario RRB-1099 mostrará que el total de los beneficios reintegrados (recuadro 4) es superior a los beneficios brutos (recuadro 3) recibidos. Taxact login tax return taxact login page taxact sign page Si esto ocurre, los beneficios netos del recuadro 5 serán una cifra negativa (una cifra entre paréntesis) y ninguna parte de los beneficios estará sujeta a impuestos. Taxact login tax return taxact login page taxact sign page No use una hoja de trabajo en este caso. Taxact login tax return taxact login page taxact sign page Si recibe más de un formulario, una cifra negativa en el recuadro 5 de un formulario compensa una cifra positiva en el recuadro 5 de otro formulario para ese mismo año. Taxact login tax return taxact login page taxact sign page Si tiene alguna duda acerca de esta cifra negativa, comuníquese con la oficina local de la SSA o la oficina regional de la RRB. Taxact login tax return taxact login page taxact sign page Declaración conjunta. Taxact login tax return taxact login page taxact sign page   Si usted y su cónyuge presentan una declaración conjunta y su Formulario SSA-1099 o RRB-1099 tiene una cifra negativa en el recuadro 5, pero la de su cónyuge no, reste la cantidad del recuadro 5 de su formulario de la cantidad del recuadro 5 del formulario de su cónyuge. Taxact login tax return taxact login page taxact sign page Esto se hace para obtener los beneficios netos al calcular si está sujeta a impuestos la suma de sus beneficios y los de su cónyuge. Taxact login tax return taxact login page taxact sign page Ejemplo. Taxact login tax return taxact login page taxact sign page Juan y María presentan una declaración conjunta para el año 2013. Taxact login tax return taxact login page taxact sign page Juan recibió el Formulario SSA-1099 que muestra $3,000 en el recuadro 5. Taxact login tax return taxact login page taxact sign page María también recibió el Formulario SSA-1099 y la cantidad en el recuadro 5 fue ($500). Taxact login tax return taxact login page taxact sign page Juan y María anotarán $2,500 ($3,000 menos $500) en concepto de beneficios netos al calcular si alguna parte de la suma de sus beneficios está sujeta a impuestos. Taxact login tax return taxact login page taxact sign page Reintegro de beneficios recibidos en un año anterior. Taxact login tax return taxact login page taxact sign page   Si la cantidad total que aparece en el recuadro 5 de todos los Formularios SSA-1099 y RRB-1099 es una cifra negativa, puede declarar una deducción detallada por la parte de esta cifra negativa que representa los beneficios que usted incluyó en el ingreso bruto de un año anterior. Taxact login tax return taxact login page taxact sign page Deducción de $3,000 o menos. Taxact login tax return taxact login page taxact sign page   Si esta deducción es $3,000 o menos, está sujeta al límite del 2% del ingreso bruto ajustado que corresponde a ciertas deducciones misceláneas detalladas. Taxact login tax return taxact login page taxact sign page Reclámela en la línea 23 del Anexo A (Formulario 1040). Taxact login tax return taxact login page taxact sign page Deducción de más de $3,000. Taxact login tax return taxact login page taxact sign page    Si esta deducción es superior a $3,000, usted debe calcular el impuesto de dos maneras: Calcule el impuesto para el año 2013 con la deducción detallada incluida en la línea 28 del Anexo A. Taxact login tax return taxact login page taxact sign page Calcule el impuesto para el año 2013 en los pasos siguientes: Calcule el impuesto sin la deducción detallada incluida en la línea 28 del Anexo A. Taxact login tax return taxact login page taxact sign page Para cada año después de 1983 para el cual una parte de la cifra negativa representa un reintegro de beneficios, vuelva a calcular los beneficios sujetos a impuestos como si el total de éstos para el año hubiera sido reducido por aquella parte de la cifra negativa. Taxact login tax return taxact login page taxact sign page Luego, vuelva a calcular el impuesto para ese año. Taxact login tax return taxact login page taxact sign page Reste el total de las cantidades de impuestos recalculadas en el apartado (b) del total de las cantidades de impuestos reales. Taxact login tax return taxact login page taxact sign page Reste el resultado del apartado (c) del resultado del apartado (a). Taxact login tax return taxact login page taxact sign page Compare el impuesto calculado con los métodos (1) y (2). Taxact login tax return taxact login page taxact sign page Su impuesto para el año 2013 es la menor de las dos cantidades. Taxact login tax return taxact login page taxact sign page Si el método (1) genera menos impuestos, declare la deducción detallada en la línea 28 del Anexo A (Formulario 1040). Taxact login tax return taxact login page taxact sign page Si el método (2) genera menos impuestos, tome un crédito por la cantidad del paso 2(c), indicado anteriormente, en la línea 71 del Formulario 1040. Taxact login tax return taxact login page taxact sign page Marque el recuadro d y escriba “ I. Taxact login tax return taxact login page taxact sign page R. Taxact login tax return taxact login page taxact sign page C. Taxact login tax return taxact login page taxact sign page 1341 ” en el espacio al lado de ese recuadro. Taxact login tax return taxact login page taxact sign page Si ambos métodos generan el mismo impuesto, deduzca el reintegro de la línea 28 del Anexo A (Formulario 1040). Taxact login tax return taxact login page taxact sign page Prev  Up  Next   Home   More Online Publications
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Tax Relief for Victims of Tropical Storm Irene in Connecticut

E-file to Remain Open through Oct. 31 for Irene Victims

CT-2011-40, Sept. 6, 2011

WASHINGTON — Victims of Tropical Storm Irene that began on Aug. 27, 2011, in Connecticut may qualify for tax relief from the Internal Revenue Service.

The President has declared the following counties a federal disaster area: Fairfield, Hartford, Litchfield, Middlesex, New Haven, New London, Tolland and Windham. Individuals who reside or have a business in these counties may qualify for tax relief.

The declaration permits the IRS to postpone certain deadlines for taxpayers who reside or have a business in the disaster area. For instance, certain deadlines falling on or after Aug. 27, and on or before Oct. 31, have been postponed to Oct. 31, 2011. This includes corporations and other businesses that previously obtained an extension until Sept. 15 to file their 2010 returns, and individuals and businesses that received a similar extension until Oct. 17. It also includes the estimated tax payment for the third quarter, normally due Sept. 15.

In addition, the IRS is waiving the failure-to-deposit penalties for employment and excise tax deposits due on or after Aug. 27, and on or before Sept. 12, as long as the deposits are made by Sept. 12, 2011.

If an affected taxpayer receives a penalty notice from the IRS, the taxpayer should call the telephone number on the notice to have the IRS abate any interest and any late filing or late payment penalties that would otherwise apply. Penalties or interest will be abated only for taxpayers who have an original or extended filing, payment or deposit due date, including an extended filing or payment due date, that falls within the postponement period.

The IRS automatically identifies taxpayers located in the covered disaster area and applies automatic filing and payment relief. But affected taxpayers who reside or have a business located outside the covered disaster area must call the IRS disaster hotline at 1-866-562-5227 to request this tax relief.

Covered Disaster Area

The counties listed above constitute a covered disaster area for purposes of Treas. Reg. § 301.7508A-1(d)(2) and are entitled to the relief detailed below.

Affected Taxpayers

Taxpayers considered to be affected taxpayers eligible for the postponement of time to file returns, pay taxes and perform other time-sensitive acts are those taxpayers listed in Treas. Reg. § 301.7508A-1(d)(1), and include individuals who live, and businesses whose principal place of business is located, in the covered disaster area. Taxpayers not in the covered disaster area, but whose records necessary to meet a deadline listed in Treas. Reg. § 301.7508A-1(c) are in the covered disaster area, are also entitled to relief. In addition, all relief workers affiliated with a recognized government or philanthropic organization assisting in the relief activities in the covered disaster area and any individual visiting the covered disaster area who was killed or injured as a result of the disaster are entitled to relief.

Grant of Relief

Under section 7508A, the IRS gives affected taxpayers until Oct. 31 to file most tax returns (including individual, corporate, and estate and trust income tax returns; partnership returns, S corporation returns, and trust returns; estate, gift, and generation-skipping transfer tax returns; and employment and certain excise tax returns), or to make tax payments, including estimated tax payments, that have either an original or extended due date occurring on or after Aug. 27 and on or before Oct. 31.

The IRS also gives affected taxpayers until Oct. 31 to perform other time-sensitive actions described in Treas. Reg. § 301.7508A-1(c)(1) and Rev. Proc. 2007-56, 2007-34 I.R.B. 388 (Aug. 20, 2007), that are due to be performed on or after Aug. 27 and on or before Oct. 31.

This relief also includes the filing of Form 5500 series returns, in the manner described in section 8 of Rev. Proc. 2007-56. The relief described in section 17 of Rev. Proc. 2007-56, pertaining to like-kind exchanges of property, also applies to certain taxpayers who are not otherwise affected taxpayers and may include acts required to be performed before or after the period above.

The postponement of time to file and pay does not apply to information returns in the W-2, 1098, 1099 series, or to Forms 1042-S or 8027. Penalties for failure to timely file information returns can be waived under existing procedures for reasonable cause. Likewise, the postponement does not apply to employment and excise tax deposits. The IRS, however, will abate penalties for failure to make timely employment and excise tax deposits due on or after Aug. 27 and on or before Sept. 12 provided the taxpayer makes these deposits by Sept. 12.

Casualty Losses

Affected taxpayers in a federally declared disaster area have the option of claiming disaster-related casualty losses on their federal income tax return for either this year or last year. Claiming the loss on an original or amended return for last year will get the taxpayer an earlier refund, but waiting to claim the loss on this year’s return could result in a greater tax saving, depending on other income factors.

Individuals may deduct personal property losses that are not covered by insurance or other reimbursements. For details, see Form 4684 and its instructions.

Affected taxpayers claiming the disaster loss on last year’s return should put the Disaster Designation “Connecticut/Tropical Storm Irene” at the top of the form so that the IRS can expedite the processing of the refund.

Other Relief

The IRS will waive the usual fees and expedite requests for copies of previously filed tax returns for affected taxpayers. Taxpayers should put the assigned Disaster Designation in red ink at the top of Form 4506, Request for Copy of Tax Return, or Form 4506-T, Request for Transcript of Tax Return, as appropriate, and submit it to the IRS.

Affected taxpayers who are contacted by the IRS on a collection or examination matter should explain how the disaster impacts them so that the IRS can provide appropriate consideration to their case.

Taxpayers may download forms and publications from this website, irs.gov, or order them by calling 1-800-TAX-FORM (1-800-829-3676). The IRS toll-free number for general tax questions is 1-800-829-1040.

Related Information

Disaster Assistance and Emergency Relief for Individuals and Businesses
Recent IRS Disaster Relief Announcements

 

 

Page Last Reviewed or Updated: 20-Feb-2014

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