Form 1040-Es - Estimated Tax For Individuals - 2016 printable pdf download

2016

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 2015 or 2016 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 2016.

Household employers. When estimating the tax on your

Estimated tax is the method used to pay tax on income

2016 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 2015 was more than $150,000 ($75,000

Future developments. For the latest information about

if your filing status for 2016 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 2016 if both

You also can choose to have federal income tax

of the following apply.

withheld from certain government payments. For details,

1. You expect to owe at least $1,000 in tax for 2016,

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.

505, Tax Withholding and Estimated Tax.

a. 90% of the tax to be shown on your 2016 tax return,

Other available information:

b. 100% of the tax shown on your 2015 tax return.

Instructions for the 2015 Form 1040 or Form 1040A.

Your 2015 tax return must cover all 12 months.

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

Pubs, and then on Changes to Current Forms and

Note. These percentages may be different if you are a

Publications.

farmer, fisherman, or higher income taxpayer. See

For details on how to get forms and publications, see

Special Rules, later.

the 2015 Instructions for Form 1040 or Form 1040A.

Exception. You do not have to pay estimated tax for

What's New

2016 if you were a U.S. citizen or resident alien for all of

2015 and you had no tax liability for the full 12-month

Use your 2015 tax return as a guide in figuring your 2016

2015 tax year. You had no tax liability for 2015 if your total

estimated tax, but be sure to consider the following.

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

Standard deduction. If you do not itemize your

return.

deductions, you can take the 2016 standard deduction

Special Rules

listed in the following chart for your filing status.

There are special rules for farmers, fishermen, certain

household employers, and certain higher income

taxpayers.

Jan 19, 2016

Cat. No. 11340T

Form 1040-Es - Estimated Tax For Individuals - 2016

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