Form 1040-Es - Estimated Tax For Individuals - Payment Voucher 2005 Page 2

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To Figure Your Estimated
Certain tax benefits, such as qualifying
dependent care expenses is your qualifying
widow(er) filing status and medical and dental
child (defined on page 1) who is under age
Tax, Use:
expenses, can still be claimed based on a
13, or your dependent or spouse who is
● The 2005 Estimated Tax Worksheet on
person who is not your dependent if the only
physically or mentally incapable of caring
reason that person is not your dependent is
for himself or herself and who lived with you
page 4.
because he or she is a qualifying relative who
for more than half of 2005. However, for a
● The Instructions for the 2005 Estimated
has gross income of $3,200 or more or
qualifying child or dependent, the special
Tax Worksheet on page 4.
because of items (1) or (2) on page 1.
rule for children of divorced or separated
● The 2005 Tax Rate Schedules on
parents does not apply, and the child is
Head of household—New rules. In
page 5.
treated as a qualifying person only for the
general, you can use head of household
● Your 2004 tax return and instructions, as
custodial parent. You no longer need to pay
filing status only if, as of December 31,
over half the cost of keeping up a home for
2005, you were unmarried or legally
a guide to figuring your income, deductions,
the qualifying person.
and credits (but be sure to consider the
separated (according to your state law)
under a decree of divorce or separate
items listed under What’s New for 2005 on
Deduction for domestic production
maintenance and you paid over half the
page 1).
activities. You may be able to deduct up to
cost of keeping up a home:
3% of your qualified production activities
If you receive your income unevenly
1. That was the main home for all of 2005
income from the following activities.
throughout the year (for example, because
of your parent whom you can claim as a
1. Construction performed in the United
you operate your business on a seasonal
dependent (your parent did not have to live
States;
basis), you may be able to lower or
with you), or
eliminate the amount of your required
2. Engineering or architectural services
2. In which you lived for more than half of
estimated tax payment for one or more
performed in the United States for
the year with either of the following:
periods by using the annualized income
construction projects in the United States;
installment method. See Pub. 505 for
a. Your qualifying child (defined on
or
details.
page 1, but without regard to the exception
3. Any lease, rental, license, sale,
for children of divorced or separated
To amend or correct your estimated tax,
exchange, or other disposition of:
parents). This does not include a qualifying
see Amending Estimated Tax Payments on
a. Tangible personal property, computer
child who is married at the end of 2005 and
page 3.
software, and sound recordings that you
is not your dependent because he or she (i)
manufactured, produced, grew, or
Payment Due Dates
filed a joint return, or (ii) is not a U.S. citizen,
extracted in whole or in significant part
U.S. national, or a resident of the United
within the United States,
You may pay all of your estimated tax by
States, Canada, or Mexico.
b. Any qualified film you produced, or
April 15, 2005, or in four equal amounts by
b. Any other person whom you can claim
the dates shown below.
c. Electricity, natural gas, or potable
as a dependent.
water you produced in the United States.
1st payment
April 15, 2005
But you cannot use head of household
The deduction does not apply to income
2nd payment
June 15, 2005
filing status for a person who is your
derived from: the sale of food and
dependent only because:
3rd payment
Sept. 15, 2005
beverages you prepare at a retail
● He or she lived with you for all of 2005, or
4th payment
Jan. 17, 2006*
establishment; property you leased,
● You are entitled to claim him or her as a
* You do not have to make the payment due
licensed, or rented for use by any related
dependent under a multiple support
January 17, 2006, if you file your 2005 tax
person; or the transmission or distribution
agreement.
return by January 31, 2006, and pay the
of electricity, natural gas, or potable water.
The rules under prior law allowing certain
entire balance due with your return.
This deduction is allowed for alternative
married persons living apart from their
minimum tax purposes, but is not allowed
Payments are due by the dates
spouses for the last 6 months of the year to
in determining net earnings from self-
indicated whether or not you
use head of household filing status also
employment.
are outside the United States
apply for 2005.
Standard deduction. If you do not itemize
and Puerto Rico.
Earned income credit (EIC). You may be
CAUTION
your deductions, you can take the 2005
able to take the EIC if:
standard deduction listed below for your
If, after March 31, 2005, you have a large
● A child lived with you and you earned
filing status.
change in income, deductions, additional
less than $35,263 ($37,263 if married filing
taxes, or credits that requires you to start
Standard Deduction
2005 Filing Status
jointly), or
making estimated tax payments, you
Married filing jointly or Qualifying
● A child did not live with you and you
should figure the amount of your estimated
widow(er)
$10,000
earned less than $11,750 ($13,750 if mar-
tax payments by using the annualized
Head of household
$7,300
ried filing jointly).
income installment method, explained in
Single or Married filing separately $5,000
Pub. 505. Although your payment due
Donations of motor vehicles, boats, and
However, if you can be claimed as a
dates will be the same as shown above, the
airplanes. In general, if you donate a motor
dependent on another person’s 2005 return,
payment amounts will vary based on your
vehicle, boat, or airplane that is valued at
your standard deduction is the greater of:
income, deductions, additional taxes, and
more than $500 and the charitable
● $800, or
credits for the months ending before each
organization sells the item donated, your
● Your earned income plus $250 (up to the
payment due date. As a result, this method
deduction on Schedule A will be limited to
standard deduction amount).
may allow you to skip or lower the amount
the gross proceeds from the sale.
Your standard deduction is increased by
due for one or more payments. If you use
IRA deduction expanded. You and your
the following amount if, at the end of 2005,
the annualized income installment method,
spouse if filing jointly, may each be able to
you are:
be sure to file Form 2210, Underpayment of
deduct up to $4,000 ($4,500 if age 50 or
● An unmarried individual (single or head
Estimated Tax by Individuals, Estates, and
older at the end of 2005). If you were
of household) and are:
Trusts, with your 2005 tax return, even if no
covered by a retirement plan, you may be
penalty is owed.
65 or older or blind
$1,250
able to take an IRA deduction if your 2005
65 or older and blind
$2,500
Farmers and fishermen. If at least
modified AGI is less than $60,000 ($80,000
● A married individual (filing jointly or
two-thirds of your gross income for 2004 or
if married filing jointly or qualifying
separately) or a qualifying widow(er) and
2005 is from farming or fishing, you can do
widow(er)).
are:
one of the following.
Standard mileage rates. The 2005 rate for
● Pay all of your estimated tax by January
65 or older or blind
$1,000
business use of your vehicle is 40
1
cents a
2
65 or older and blind
$2,000
17, 2006.
mile. The 2005 rate for use of your vehicle
Both spouses 65 or older
$2,000 *
● File your 2005 Form 1040 by March 1,
to get medical care or to move is 15 cents a
Both spouses 65 or older and
2006, and pay the total tax due. In this
mile.
blind
$4,000 *
case, 2005 estimated tax payments are not
Credit for child and dependent care
required to avoid a penalty.
* If married filing separately, these amounts
expenses. Generally, a qualifying person
apply only if you can claim an exemption for
for purposes of the credit for child and
your spouse.
Page 2

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