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IT-2105

Department of Taxation and Finance

Instructions for Form IT-2105

Estimated Tax Payment Voucher for Individuals

•

New York State

New York City

Yonkers

MCTMT

Did you know? You can pay your estimated tax electronically on our

estimated tax with the first voucher or pay it in four equal installments on

Web site with a debit from your checking or savings account. Visit us

April 18, June 15, September 15, 2016, and January 17, 2017.

on the Web at to pay your estimated tax electronically

Changes in income, net earnings from self-employment, deductions,

instead of using Form IT-2105.

or exemptions during 2016 may require you to amend your original

estimate or to begin making estimated tax payments after April 18,

Changes for 2016

2016. Use the Amended estimated tax worksheet on page 10 of these

The 2016 New York State standard deduction and tax rate schedules

instructions to amend your original estimate. If you are required to

have been adjusted to reflect the cost of living adjustment required

begin making payments after April 18, 2016, the payment due dates are

under the Tax Law.

as follows:

If the requirement is met after:

Payment due date is:

General information

March 31 and before June 1

June 15, 2016

Estimated income tax is the amount of New York State, New York

May 31 and before September 1

September 15, 2016

City, and Yonkers tax you expect to owe for the year after subtracting:

August 31

January 17, 2017

• the amount of tax you expect to have withheld;

If you file your 2016 New York State income tax return on or before

• the estimated income tax paid with Form IT-2663, Nonresident Real

January 31, 2017, and pay the full balance of tax due, you do

Property Estimated Income Tax Payment Form;

not have to make any payment which would otherwise be due on

• the estimated income tax paid with Form IT-2664, Nonresident

January 17, 2017.

Cooperative Unit Estimated Income Tax Payment Form;

If, after March 31, 2016, you have a large change in income, net

• the estimated income tax paid on your behalf by a partnership or

earnings from self-employment, deductions, additional taxes, or credits

S corporation; and

that requires you to start making estimated tax payments, you should

• the amount of any credits you plan to take.

compute the amount of your estimated tax payments by using the

annualized income installment method explained in Form IT-2105.9-I,

If any of your income is subject to New York City or Yonkers resident

Instructions for Form IT‑2105.9, Underpayment of Estimated Tax by

income taxes or Yonkers nonresident earnings tax, substitute New York

Individuals and Fiduciaries. Although your payment due dates will be

City or Yonkers for New York State in the following instructions to

the same as shown above, the payment amounts will vary based on

determine if you are required to make estimated payments of these

your income, net earnings from self-employment, deductions, additional

taxes.

taxes, and credits for the months ending before each payment due date.

As a result, this method may allow you to skip or lower the amount due

Who must make estimated income tax payments – Generally you

for one or more payments. If you use the annualized income installment

must pay estimated income tax if you expect to owe, after subtracting

method, be sure to file Form IT‑2105.9 with your 2016 tax return, even if

your withholding, estimated tax paid with Form IT-2663 and/or

no penalty is owed.

IT-2664, estimated income tax paid on your behalf by a partnership or

S corporation, and credits, at least $300 of either New York State, New

Automatic 90-day extension for certain taxpayers – If your spouse

York City, or Yonkers tax for 2016.

died within 30 days before the due date for your first estimated tax

installment (for calendar year filers, April 18, 2016), you qualify for a

The Metropolitan Commuter Transportation Mobility Tax (MCTMT)

90-day extension of time to pay that installment. The extension of time

is imposed on self-employed individuals engaging in business within

to pay does not apply for any other estimated tax installment for the tax

the Metropolitan Commuter Transportation District (MCTD). The MCTD

year. See the instructions on page 2 for entering the special condition

consists of New York City (the counties of New York (Manhattan),

code on your payment voucher.

Bronx, Kings (Brooklyn), Queens, and Richmond (Staten Island)) as

well as the counties of Dutchess, Nassau, Orange, Putnam, Rockland,

Farmers and fishermen – There is only one required installment date,

Suffolk, and Westchester.

January 15, if two-thirds or more of your federal gross income for 2015

or 2016 is from farming or fishing. You must either pay 66⅔% of your

The MCTMT is imposed at a rate of .34% (.0034) of an individual’s net

2016 tax by January 17, 2017, or file your New York State return by

earnings from self-employment allocated to the MCTD.

March 1, 2017, and pay the total tax due.

Who must make estimated MCTMT payments – Generally, if you

Fiscal-year filers – If you report your income on a fiscal‑year basis,

are a self-employed individual (including partners or members in

adjust the calendar year due dates to correspond with the fifteenth

partnerships, limited liability partnerships (LLPs) that are treated as

day of the fourth, sixth, and ninth months of your fiscal year, and the

partnerships, and limited liability companies (LLCs) that are treated

first month of your succeeding fiscal year. If any due date falls on

as partnerships), you must make estimated MCTMT payments if

a Saturday, Sunday, or legal holiday, your return is due on the next

you expect to owe any MCTMT for the tax year after subtracting any

regular workday.

estimated MCTMT paid on your behalf by a partnership. However, if

your net earnings from self-employment allocated to the MCTD are

Penalty for underpayment of estimated taxes

$50,000 or less for the tax year, no tax is due. The $50,000 threshold

must be computed on an individual basis, even though you may file a

To avoid a penalty for underpayment of taxes for the tax year, your

joint personal income tax return.

payment must be made on time and the total amount of your New York

State, New York City, Yonkers, and MCTMT paid must be:

Hereafter, partners and members will be collectively referred to

• at least 90% (66 ⅔% for farmers and fishermen) of the amount of tax

as partners. Partnerships, including LLPs and LLCs treated as

shown on your 2016 return; or 90% of the tax due if no return was

partnerships, will be collectively referred to as partnerships.

filed; or

No exemptions from tax specified in any other New York State law

• 100% of the tax shown on your 2015 return (110% of that amount if

apply to the MCTMT (with the exception of START-UP NY earnings).

you are not a farmer or a fisherman and the New York adjusted gross

Also, no tax credit(s) may be used to offset the MCTMT.

income (NYAGI) (or net earnings from self-employment allocated to

the MCTD) shown on that return is more than $150,000 ($75,000 if

For more information on START-UP NY, visit our Web site.

married filing separately for 2016)). You must have filed a return for

When to pay your estimated tax – Generally, you must make your first

2015 and it must have been for a full 12-month year; or

payment of 2016 estimated tax by April 18, 2016. You can pay all your

• 90% of the tax computed by annualizing the taxable income received

for the months ending before the due date of the installment.

Instructions For Form It-2105 - Estimated Tax Payment Voucher For Individuals - 2016

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