Form In-114 - Individual Estimated Income Tax Payment Vouchers 2013
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Vermont Department of Taxes
Form IN-114
Individual Estimated Income Tax Payment Vouchers
This booklet contains payment vouchers, instructions, worksheet and 2013 preliminary VT tax rates for calculating your VT estimated income tax
payments for the 2013 tax year, and a record of payment.
Did you know? You can make your estimated income tax payment online using your
credit card. Visit us on the web at and click on the link for VTPay.
Mail payment with completed voucher to the address below. Record your payment on the Taxpayer Worksheet.
QUESTIONS? Contact your tax preparer for advice on filing estimated income tax payments. Please see the Vermont Department of Taxes
website to find answers to many of your taxpayer questions at . Contact the Vermont Department of Taxes for other assistance.
E-mail:
indincome@state.vt.us
Vermont Department of Taxes
Taxpayer Services Division-Income Tax
Telephone:
(802) 828-2865
PO Box 1779
(866) 828-2865 (toll-free in VT)
Montpelier, VT 05601-1779
Fax:
(802) 828-2720
PLEASE READ INSTRUCTIONS BEFORE COMPLETING THIS FORM
INSTRUCTIONS
How Do I Determine My Estimated Tax Liability? Please use your
2012 tax liability or use the worksheet included with this form to
General Information: Estimated income tax is the amount of
estimate your 2013 tax liability. In order to avoid underpayment
Vermont tax you expect to owe for the year on income that is
of estimated tax, which may result in penalty and interest charges,
not subject to withholding (for example: earnings from self-
estimated tax payments must either be: 1. equal to 100% of last
employment, interest, dividends, rental income, alimony, etc.),
year’s tax liability OR 2. 90% of this year’s tax liability. If the
or exceeding withholdings, plus any additions. Additions to VT
tax liability due is less than $500, you will not be subject to
tax may include:
penalty or interest charges.
-
Qualified Retirement Plans (including IRA, HSA &
When Are Estimated Income Tax Payments Due? Estimated
MSA)
income tax payments are made in four equal amounts by the
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Recapture of Federal Investment Tax Credit
due dates shown below:
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VT Tax Credit Recapture
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payment . . . . . . . . . . . . April 15, 2013
st
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payment . . . . . . . . . . . . June 15, 2013
nd
Who Must Make Estimated Income Tax Payments? Generally,
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payment . . . . . . . . . . . . September 15, 2013
rd
you must pay estimated income tax if you expect to owe an
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payment . . . . . . . . . . . . January 15, 2014
th
income tax liability or have income not subject to withholding
Can I File Annualized Estimated Payments for Vermont?
such as self-employment earnings. Individuals receiving two-
thirds of his or her income from farming or fishing, as defined
Individuals who make annualized estimated tax payments
by the IRS, are not required to make estimated income tax
with the IRS may also make annualized estimated payments
payments.
in Vermont. If you make annualized payments, please attach a
completed copy of Federal Form 2210 and VT Form IN-152A
when you file your Vermont income tax return.
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