Montana Individual Estimated Income Tax Worksheet - 2017 Page 3
Download a blank fillable Montana Individual Estimated Income Tax Worksheet - 2017 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Montana Individual Estimated Income Tax Worksheet - 2017 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3Form ESW Instructions
What is the purpose of Form ESW?
I completed my estimated income tax worksheet at the
beginning of the year and did not anticipate a change
The purpose of this form is to assist you in calculating
in my income throughout the year. What do I need to
your 2017 estimated individual income tax. Estimated tax
do if my income situation changes during the year?
payments are a method used to pay tax on income that is
not subject to withholding. Examples of income that may
If your tax situation changes during the year, you will need
not be subject to withholding include self-employment,
to recalculate your estimated tax payments. Your remaining
interest, dividends, rents, capital gains, alimony, and
installment payments will need to be proportionally
royalties.
changed so that the balance of your estimated payments is
paid equally over the remaining installment periods.
Am I required to make estimated tax payments in 2017?
How can I determine the amount of my estimated
You are required to make estimated tax payments in 2017
withholding that I will have in 2017?
if you expect to owe an income tax liability of at least $500
after subtracting tax credits and withholding payments.
You can use your 2017 paycheck or pension check stubs
that you have received to date to estimate the amount of
If you are required to make estimated tax payments, these
withholding that you may have in 2017.
payments will be the lesser of:
In addition, remember to include in your payments any
•
100% of your 2016 Montana tax liability reported on
2016 overpayments that are credited to 2017, any backup
Form 2, line 54; or Form 2EZ, line 15; or
withholding that may be made on your behalf from a pass-
•
90% of your 2017 Montana income tax due.
through entity, or any estimated refundable credits, such as
the elderly homeowner/renter credit.
Who is not required to make estimated tax payments?
I am a nonresident or part-year resident of Montana. Do
You are not required to make estimated tax payments in
I have to make estimated tax payments?
2017 if you meet one of the following criteria:
As a nonresident or a part-year resident, you do not need
•
Your 2017 income tax due after credits and withholding
to pay estimated taxes if you were not required to file a
is less than $500,
Montana individual income tax return for the previous tax
•
Your 2016 tax period covered 12 months and your
year. If you were required to file a Montana tax return in the
Montana tax liability was zero,
previous tax year, you are required to make estimated tax
•
You were not required to file a 2016 Montana income
payments if you expect to owe at least $500 in Montana
tax return,
income tax after subtracting your Montana withholding paid
and credits that you are entitled to.
•
In 2016 you retired and were at least 62 years of age
(This exception applies only in the year you retire and
I did not make estimated tax payments in 2017 and my
for one additional year following the year of retirement),
income tax due is more than $500. Am I subject to any
•
You became disabled in 2016 or 2017, or
penalties or interest on my underpayment?
•
At least 2/3 of your gross income is derived from
Yes, you are. You are required to pay your income tax
farming and ranching operations. (Montana does not
liability throughout the year. You can make your payments
apply a “lookback” provision in determining farming and
through employer withholding, installment payments of
ranching gross income).
estimated taxes, or a combination of employer withholding
and estimated tax payments.
When are my estimated tax payments due?
If you did not pay in advance at least 90% of your 2017
When you file your return on a calendar year basis, you
income tax liability (after applying your credits) or 100% of
may prepay all of your estimated taxes for 2017 by April 15,
your 2016 income tax liability (after applying your credits),
2017, or you may pay them in four equal amounts that are
you may have to pay interest on the underpayment of your
due on the dates listed below.
estimated tax.
First payment
-
due April 15, 2017
How can I make estimated tax payments?
Second payment -
due June 15, 2017
You can pay electronically by visiting revenue.mt.gov and
Third payment
-
due Sept 15, 2017
clicking on “Online Services.” You can also make estimated
Fourth payment
-
due Jan 15, 2018
tax payments by check using the individual income tax
payment voucher. You can download the voucher by
If any of these dates fall on a weekend or a holiday, your
visiting revenue.mt.gov, clicking on “Forms” and again on
payment is due on the next business day.
“Individual Income Tax.”
If you file your return on a fiscal year basis, your payment
Administrative Rules of Montana: 42.17.304 through
dates are the 15th day of the fourth, sixth, and ninth months
42.17.317
of the fiscal year and the first month of the following fiscal
year.
Questions? Please call us toll free at (866) 859-2254 (in
Helena, 444-6900).
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial