Individual Estimated Income Tax Payment Instructions printable pdf download

Filing Status

Individual Estimated Income Tax Payment Instructions

Quarterly

Who Must Pay Estimated Tax

due dates to correspond with your fiscal year. Enter your social security number on your check or money

If you have income that won’t have Indiana state and/or county tax withheld, or the amount withheld

order to ensure each payment is properly credited.

won’t be enough to pay your tax liability and you expect to owe more than $400, then you should

pay estimated tax.

Adjusting Your Payments

If your income should change by a substantial amount, you may want to adjust your estimated tax payments.

ocial Security Number

Use the worksheet on the back of this page to recalculate your total estimated tax. Deduct the payments

Your estimated tax payment should be filed under the same social security number as your Form IT-

already made and divide the unpaid balance by the number of remaining payments. Enter the new amount

40 or Form IT-40PNR. If you are a surviving spouse, please use your own social security number.

to be paid on the remaining vouchers.

Installment Payments of Estimated Tax

Penalties

Use the Estimated Worksheet on the back of this page to calculate your estimated tax and the amount

A penalty will be assessed if you do not pay the required tax due amount by April 16th. The required amount

of your installment payments.

is at least 90% of your tax due this year or 100% of your tax due last year (105% if last year's Indiana AGI

was more than $150,000). The penalty is 10% of the amount of unpaid tax. Exceptions to the penalty are

How to Pay Your Estimated Tax

described in Section 6654 of the Internal Revenue Code. The penalty will be computed on the IT-2210

You can make an estimated tax installment payment on your individual income tax return or by

(Underpayment of Estimated Tax) and attached to your Indiana Individual Income Tax Return (Forms IT-

completing voucher 1 in this packet. If you are making an estimated payment on your Individual

40 or IT-40PNR) when filed for this tax year.

tax return, don't include the voucher with your Individual return. The remaining installment

payments can be made on vouchers 2 through 4 in this packet. Use the correct voucher for each

Additional Information

period. If the due date printed on the voucher falls on a weekend or legal holiday, the payment is

Contact the Taxpayer Services Division of the Indiana Department of Revenue at 100 N. Senate Avenue,

due on the next business day. If you file your income tax return on a fiscal year basis, change all

Indianapolis, Indiana 46204-2253 or call (317) 232-2240 for further information.

Individual Estimated Income Tax Payment Instructions