Form 1040n-Es - Nebraska Individual Estimated Income Tax Payment Voucher - 2014 Page 3
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8If you are not making electronic payments of estimated taxes, you can download the payment vouchers from our website,
or include an information sheet with the following:
1. The primary SSN;
2. A notation identifying the payment as an estimated payment; and
3. The tax year to which the payment should be applied.
Make appropriate entries in your Record of Estimated Tax Payments.
You must enter your SSN (and your spouse’s SSN, if applicable) on the payment vouchers where indicated. List the
names and SSNs in the same order on the voucher as you will list them on your married, filing jointly return.
Changes in Estimated Tax. If your income increases during the year, you may be required to begin filing, or increase,
estimated tax payments at the next due date. If you need to change the amount of an estimated payment and you have
previously scheduled an electronic payment, be sure to cancel and reschedule your payment.
You may use the Amended Computation Schedule below to calculate your amended estimated tax if your estimated
tax substantially changes, or if your income substantially increases. When making payment by paper check, show the
amended estimated tax on line 1 of the next payment voucher filed. If making payments electronically, do not file a
voucher to show the change.
Penalty For Not Paying Enough Estimated Income Tax. A penalty is imposed for underpayment of estimated
tax installments. The penalty is not due if you qualify for any of the exceptions listed on the
Individual Underpayment of
Estimated Tax, Form
2210N.
Each individual who has underpaid estimated tax must file a Form 2210N with the Form 1040N. The estimated tax is
underpaid if the payments (including withholding) are not equal to at least:
1. 90% (66 2/3% for those engaged in farming, ranching, and fishing) of the tax liability for the year, after reduction by
credits other than withholding or estimated payments;
2. 100% of the tax shown on the Nebraska return for the full 12-month preceding tax year, if federal AGI was $150,000
or less; or
3. 110% (the applicable federal percentage) of the preceding year’s tax reported on a Nebraska return, if 2013 federal
AGI was above $150,000. Complete the Nebraska Individual Estimated Income Tax Worksheet below. You may also
owe a penalty if estimated payments are not filed in a timely manner.
The penalty does not apply if either of the following two tests is met:
• First Test. You had zero federal tax liability for the full 12-month preceding tax year;
You were a U.S. citizen or Nebraska resident during that year; and
Your Nebraska return for that year reported zero tax liability.
OR
• Second Test. The total tax shown on your current income tax return minus the amount of tax paid through state
income tax withholding is less than $500.
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