Fillable Form 1040-Es - Estimated Tax For Individuals

2014

Department of the Treasury

Internal Revenue Service

Form 1040-ES

Estimated Tax for Individuals

Purpose of This Package

Farmers and fishermen. If at least two-thirds of your

gross income for 2013 or 2014 is from farming or fishing,

Use Form 1040-ES to figure and pay your estimated tax

substitute 66

% for 90% in (2a) under General Rule.

for 2014.

Household employers. When estimating the tax on your

Estimated tax is the method used to pay tax on income

2014 tax return, include your household employment

that is not subject to withholding (for example, earnings

taxes if either of the following applies.

from self-employment, interest, dividends, rents, alimony,

You will have federal income tax withheld from wages,

etc.). In addition, if you do not elect voluntary withholding,

pensions, annuities, gambling winnings, or other income.

you should make estimated tax payments on other

You would be required to make estimated tax payments

taxable income, such as unemployment compensation

to avoid a penalty even if you did not include household

and the taxable part of your social security benefits.

employment taxes when figuring your estimated tax.

Change of address. If your address has changed, file

Higher income taxpayers. If your adjusted gross

Form 8822, Change of Address, to update your record.

income (AGI) for 2013 was more than $150,000 ($75,000

Future developments. For the latest information about

if your filing status for 2014 is married filing separately),

developments related to Form 1040-ES and its

substitute 110% for 100% in (2b) under General Rule,

instructions, such as legislation enacted after they were

earlier. This rule does not apply to farmers or fishermen.

published, go to

Increase Your Withholding

Who Must Make Estimated Tax

If you also receive salaries and wages, you may be able to

Payments

avoid having to make estimated tax payments on your

other income by asking your employer to take more tax

The estimated tax rules apply to:

out of your earnings. To do this, file a new Form W-4,

U.S. citizens and resident aliens;

Employee's Withholding Allowance Certificate, with your

Residents of Puerto Rico, the U.S. Virgin Islands,

employer.

Guam, the Commonwealth of the Northern Mariana

Islands, and American Samoa; and

Generally, if you receive a pension or annuity you can

Nonresident aliens (use Form 1040-ES (NR)).

use Form W-4P, Withholding Certificate for Pension or

Annuity Payments, to start or change your withholding

General Rule

from these payments.

In most cases, you must pay estimated tax for 2014 if both

of the following apply.

You also can choose to have federal income tax

withheld from certain government payments. For details,

1. You expect to owe at least $1,000 in tax for 2014,

see Form W-4V, Voluntary Withholding Request.

after subtracting your withholding and refundable credits.

Additional Information You May Need

2. You expect your withholding and refundable credits

to be less than the smaller of:

You can find most of the information you will need in Pub.

a. 90% of the tax to be shown on your 2014 tax return,

505, Tax Withholding and Estimated Tax.

Other available information:

b. 100% of the tax shown on your 2013 tax return.

Instructions for the 2013 Form 1040 or Form 1040A.

Your 2013 tax return must cover all 12 months.

Important Changes. Go to IRS.gov, click on Forms &

Note. These percentages may be different if you are a

Pubs, and then on Changes to Current Forms and

farmer, fisherman, or higher income taxpayer. See

Publications.

Special Rules, later.

For details on how to get forms and publications, see

Exception. You do not have to pay estimated tax for

the 2013 Instructions for Form 1040 or Form 1040A. If you

2014 if you were a U.S. citizen or resident alien for all of

have tax questions, call 1-800-829-1040 for assistance.

2013 and you had no tax liability for the full 12-month

For TTY/TDD help, call 1-800-829-4059. Persons who are

2013 tax year. You had no tax liability for 2013 if your total

deaf, hard of hearing, or have a speech disability can also

tax was zero or you did not have to file an income tax

contact the IRS through relay services such as the

return.

Federal Relay Service available at

Special Rules

What's New

There are special rules for farmers, fishermen, certain

Use your 2013 tax return as a guide in figuring your 2014

household employers, and certain higher income

estimated tax, but be sure to consider the following.

taxpayers.

Jan 29, 2014

Cat. No. 11340T

Form 1040-Es - Estimated Tax For Individuals - 2014

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