Form 1040-Es - Estimated Tax For Individuals

For details about repaying the first-time homebuyer

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

credit, see the Instructions for Form 5405.

make joint estimated tax payments and both of you have

self-employment income, figure the self-employment tax

Line 14b. Prior year's tax. Enter the 2015 tax you figure

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

according to the instructions in Figuring your 2015 tax

When estimating your 2016 net earnings from

unless you meet one of the following exceptions.

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

If the adjusted gross income shown on your 2015 return

your total net profit from self-employment.

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

separately for 2016), enter 110% of your 2015 tax as

Line 12. Other taxes. Use the Instructions for the 2015

figured next.

Form 1040 to determine if you expect to owe, for 2016,

any of the taxes that would have been entered on your

Note. This does not apply to farmers or fishermen.

2015 Form 1040, lines 59 (additional tax on distributions

If you will file a joint return for 2016 but you did not file a

only), 60a, 60b, and 62 (including, if applicable, Additional

joint return for 2015, add the tax shown on your 2015

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

return to the tax shown on your spouse's 2015 return and

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

enter the total on line 14b.

following two exceptions.

If you filed a joint return for 2015 but you will not file a

Exception 1. Include household employment taxes

joint return for 2016, see General Rule in chapter 4 of Pub.

from Form 1040, line 60a, on this line only if:

505 to figure your share of the 2015 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 2015 or your 2015 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

Figuring your 2015 tax. Use the following instructions

employment taxes when figuring your estimated tax.

to figure your 2015 tax.

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

1. Form 1040—The tax shown on your 2015 Form

household employment taxes on line 12.

1040 is the amount on line 63 reduced by:

Exception 2. Of the amounts for other taxes that may

a. Unreported social security and Medicare tax or

be entered on Form 1040, line 62, do not include on

RRTA tax from Form 1040, line 58;

line 12: recapture of a federal mortgage subsidy,

b. Any tax included on line 59 on excess contributions

uncollected social security and Medicare tax or RRTA tax

to an IRA, Archer MSA, Coverdell education savings

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

account, health savings account, ABLE account, or on

golden parachute payments, look-back interest due under

excess accumulations in qualified retirement plans;

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

c. Any shared responsibility payment on line 61;

compensation from an expatriated corporation, or

additional tax on advance payments of health coverage

d. Amounts on line 62 as listed under Exception 2,

tax credit when not eligible. These taxes are not required

earlier; and

to be paid until the due date of your income tax return (not

e. Any refundable credit amounts on lines 66a, 67, 68,

including extensions).

69, and 72, and credit from Form 8885 included on

Additional Medicare Tax. For information about the

line 73.

Additional Medicare Tax, see the Instructions for Form

2. Form 1040A—The tax shown on your 2015 Form

8959.

1040A is the amount on line 39 reduced by the amount on

Net Investment Income Tax (NIIT). For information

line 38, and any refundable credits on lines 42a, 43, 44,

about the Net Investment Income Tax, see the

and 45.

Instructions for Form 8960.

3. Form 1040EZ—The tax shown on your 2015 Form

Repayment of first-time homebuyer credit. You

1040EZ is the amount on line 12 reduced by the amount

must repay the first-time homebuyer credit if you bought

on lines 8a and 11.

the home in 2008 or the home you bought was destroyed,

condemned, or sold under threat of condemnation in 2013

and that event occurred during the 36-month period that

began on the date you bought that home.

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Form 1040-ES (2016)

Form 1040-Es - Estimated Tax For Individuals - 2016 Page 5

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