Fillable Form 1040-Es - Estimated Tax For Individuals

1 and 11 of the Estimated Tax Worksheet to figure the

fully repaid. If the home ceases to be your main home,

amount to subtract when figuring your expected AGI. This

then the unpaid balance of the credit is to be repaid on the

worksheet also will give you the amount to enter on line 11

return for the year when the home was no longer your

of your estimated tax worksheet.

main home.

If you purchased a home in 2009, 2010, or 2011 and

Line 9. Credits. See the 2013 Form 1040, lines 47

claimed the first-time homebuyer credit, you must

through 53, or Form 1040A, lines 29 through 33, and the

maintain that home as your main home for at least 36

related instructions for the types of credits allowed.

months to avoid having to repay the credit.

Line 11. Self-employment tax. If you and your spouse

For details about repaying the first-time homebuyer

make joint estimated tax payments and both of you have

credit, see the Instructions for Form 5405.

self-employment income, figure the self-employment tax

for each of you separately. Enter the total on line 11.

Line 14b. Prior year's tax. Enter the 2013 tax you figure

When estimating your 2014 net earnings from

according to the instructions in Figuring your 2013 tax

self-employment, be sure to use only 92.35% (.9235) of

unless you meet one of the following exceptions.

your total net profit from self-employment.

If the adjusted gross income shown on your 2013 return

is more than $150,000 ($75,000 if married filing

Line 12. Other taxes. Use the Instructions for the 2013

separately for 2014), enter 110% of your 2013 tax as

Form 1040 to determine if you expect to owe, for 2014,

figured next.

any of the taxes that would have been entered on your

Note. This does not apply to farmers or fishermen.

2013 Form 1040, lines 58 (additional tax on distributions

only), 59a, 59b, and 60 (including, if applicable, Additional

If you will file a joint return for 2014 but you did not file a

Medicare Tax and/or Net Investment Income Tax). On

joint return for 2013, add the tax shown on your 2013

line 12, enter the total of those taxes, subject to the

return to the tax shown on your spouse's 2013 return and

following two exceptions.

enter the total on line 14b.

Exception 1. Include household employment taxes

If you filed a joint return for 2013 but you will not file a

joint return for 2014, see General Rule in chapter 4 of Pub.

from Form 1040, line 59a, on this line only if:

505 to figure your share of the 2013 tax to enter on

You will have federal income tax withheld from wages,

line 14b.

pensions, annuities, gambling winnings, or other income,

If you did not file a return for 2013 or your 2013 tax year

was less than 12 full months, do not complete line 14b.

You would be required to make estimated tax payments

Instead, enter the amount from line 14a on line 14c.

(to avoid a penalty) even if you did not include household

employment taxes when figuring your estimated tax.

Figuring your 2013 tax. Use the following instructions

to figure your 2013 tax.

If you meet either of the above, include the total of your

household employment taxes on line 12.

1. Form 1040—The tax shown on your 2013 Form

1040 is the amount on line 61 reduced by:

Exception 2. Of the amounts for other taxes that may

be entered on Form 1040, line 60, do not include on

a. Unreported social security and Medicare tax or

line 12: recapture of a federal mortgage subsidy,

RRTA tax from Form 1040, line 57;

uncollected social security and Medicare tax or RRTA tax

b. Any tax included on line 58 on excess contributions

on tips or group-term life insurance, excise tax on excess

to IRAs, Archer MSAs, Coverdell education savings

golden parachute payments, look-back interest due under

accounts, and health savings accounts, or on excess

section 167(g) or 460(b), or excise tax on insider stock

accumulations in qualified retirement plans;

compensation from an expatriated corporation. These

c. Amounts on line 60 as listed under Exception 2,

taxes are not required to be paid until the due date of your

earlier; and

income tax return (not including extensions).

d. Any refundable credit amounts on lines 64a, 65, 66,

Additional Medicare Tax. For information about the

70, and any credit from Form 8885 included on line 71.

Additional Medicare Tax, see the Instructions for Form

8959.

2. Form 1040A—The tax shown on your 2013 Form

Net Investment Income Tax (NIIT). For information

1040A is the amount on line 35 reduced by any

about the Net Investment Income Tax, see the

refundable credits on lines 38a, 39, and 40.

Instructions for Form 8960.

3. Form 1040EZ—The tax shown on your 2013 Form

Recapture of first-time homebuyer credit. If you

1040EZ is the amount on line 10 reduced by the amount

purchased a home in 2008 and claimed the first-time

on line 8a.

homebuyer credit, repayment of that credit began with

your 2010 tax return and will continue until the credit is

-5-

Form 1040-ES (2014)

Form 1040-Es - Estimated Tax For Individuals - 2014 Page 5

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