Form Nj-1040-Es - Estimated Tax Worksheet For Individuals

2013 NJ-1040-ES

Payment of Estimated Tax

Failure to File a Declaration or to Pay Estimated Tax

You may pay your estimated tax in full by the due date of the

If a declaration is filed after the due date, it does not affect the

first installment or in four equal installments. Estimated pay -

due date of the remaining installments. If you fail to pay all or

ments may be made by:

any part of any required declaration of estimated tax, underpay

ment of estimated tax occurs. Interest at the annual rate of 3%

Check or Money Order, payable to State of New Jersey – TGI.

above the prime rate is added to the underpayment amount

Write your social security number (Federal employer identifica-

for that period. See Interest below. The estate of a taxpayer

tion number for estates or trusts) on the check or money order

who dies during the taxable year may be required to start (or

and enclose the completed declaration voucher for the period.

continue) filing estimated tax payments.

Electronic Check (e-check), available on the Division’s Web

Form NJ-2210

site ( ). Those without Internet

access can pay by e-check by contacting the Division’s Cus to-

If you fail to make all required estimated tax payments, complete

mer Service Center at 609-292-6400. Do not send in a decla ra-

Form NJ-2210, Underpayment of Estimated Tax by Individuals,

Estates or Trusts, to determine if interest is due and if so, to cal -

tion of estimated tax voucher when paying by e-check. When

culate the amount. Instructions are included with the form.

using e-check on the Web, individuals need their social security

number and date of birth, and estates and trusts need their

Interest

Federal employer identification number and either the date of

Interest will be assessed at the prime rate plus 3%, compounded

the decedent’s death or the date the trust was created to make

annually. At the end of each calendar year, any tax and interest

a payment. E-check payments made using an account that is

that are still unpaid will become part of the balance on which

funded from a financial institution outside the United States will

interest is charged.

not be accepted. E-check payments of estimated tax can also be

Completing the Declaration Voucher

scheduled in advance.

a. Complete the worksheet to figure your 2013 estimated tax.

Credit Card, online ( ) using a

b. Enter your name, address, and social security number on

Visa, American Express, MasterCard, or Discover card. Do not

the voucher (if not preprinted). If you are making a joint

send in a declaration of estimated tax voucher when paying by

decla ra tion, also enter your spouse’s/civil union partner’s

credit card.

social security number. Be sure to enter the name and social

Changes in Income, Exemptions, etc.

security number of each spouse/civil union partner in the

Although you may not be required to file a Declaration of

same sequence used on your return. Estates and trusts enter

Estimated Tax on April 15, 2013, your situation can change and

the Federal employer identification number.

you may have to file a declaration later in the year. Calendar

: Please print your numbers as follows:

ote

year filers must file by:

June 15, 2013 – if changes occur after April 1 and

•

before June 2

c. Check the appropriate box to indicate the return for

September 15, 2013 – if changes occur after June 1 and

•

before September 2

which payment is being made: Resident (Form NJ-1040),

January 15, 2014 – if changes occur after September 1

Nonresident (Form NJ-1040NR or NJ-1080C), or Fiduciary

•

(Form NJ-1041).

Pay the estimated tax in equal installments on the remaining

payment dates.

d. Enter the actual amount of the payment being submitted

in the space provided on the voucher. If you overpaid your

You need not file a January 15, 2014, Declaration of Estimated

Tax as long as you file your 2013 income tax return by Febru-

2012 income tax and elected to apply the overpayment to

ary 15, 2014, and pay the entire balance due. This also applies

your 2013 estimated income tax, that overpayment will be

to filing an amended declaration, or filing an original declara-

automatically credited to the first quarterly installment, or it

tion which would first be due in the fourth quarter, or paying the

may be partially or fully applied to any installment. Subtract

last installment of your estimated tax.

the amount of the 2012 overpayment from the amount of

the installment due and enter only the amount actually being

Farmers

submitted with the voucher.

An individual may file a declaration of estimated tax at any

time on or before January 15 of the succeeding year if at least

e. Enclose your check or money order with the voucher.

two-thirds of his total estimated income for the taxable year is

Remember to write your social security number on your check

derived from farming (including oyster farming). Farmers filing

or money order. If filing jointly, include the social security

declarations by January 15 must pay estimated taxes in full with

numbers of both spouses/civil union partners. Estates and

the declaration.

trusts enter the Federal employer identification number.

f. Mail your check or money order along with your voucher to

Amended Declarations

the address listed in Where to File on page 1.

If a declaration is amended, any remaining installments must be

adjusted to reflect the change in estimated tax. If an amended

: If payment is made by e-check or credit card,

ote

declaration is made after September 15, 2013, any increase in

no declaration of estimated tax voucher need be

estimated tax must be paid at the time the amended declaration

filed. See Payment of Estimated Tax above.

is filed. Use the Amended Computation Schedule on page 4 to

determine the amount of your remaining installments.

Form Nj-1040-Es - Estimated Tax Worksheet For Individuals - 2013 Page 2

Related Articles

Related forms

Related Categories