Form Ct-1040es - Estimated Connecticut Income Tax Payment Coupon For Individuals - 2014

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Department of Revenue Services
Form CT-1040ES
State of Connecticut
(Rev. 01/14)
2014 Estimated Connecticut Income Tax Payment Coupon for Individuals
General Instructions
Annualized Income Installment Method: If your income varies
throughout the year, you may be able to reduce or eliminate the
Who Should File This Coupon: Use this coupon if you are required
amount of your estimated tax payment for one or more periods by
to make estimated income tax payments for the 2014 taxable year and
using the annualized income installment method. See Informational
you do not receive a preprinted coupon package from the Department
Publication 2012(16), A Guide to Calculating Your Annualized
of Revenue Services (DRS). Coupon packages are mailed in
Estimated Income Tax Installments and Worksheet CT-1040AES.
mid-January to those who made estimated income tax payments in
Interest: You may be charged interest if you did not pay enough tax
the prior year.
through withholding or estimated payments, or both, by any installment
Nonresidents and Part-Year Residents: Nonresident individuals
due date. This is true even if you are due a refund when you fi le your tax
are subject to Connecticut income tax on their Connecticut-sourced
return. Interest is calculated separately for each installment. Therefore,
income. Part-year residents are taxed on all income received while
you may owe interest for an earlier installment even if you paid enough
a resident of Connecticut and on income received from Connecticut
tax later to make up for the underpayment. Interest at 1% per month
sources while a nonresident. Connecticut-sourced income includes
or fraction of a month will be added to the tax due until the earlier of
but is not limited to income from a business, profession, occupation,
April 15, 2015, or the date on which the underpayment is paid.
or trade conducted in this state as well as income from the rental or
If you fi le your income tax return for the 2014 taxable year on or before
sale of real or tangible property located in Connecticut.
January 31, 2015, and pay in full the amount computed on the return
Who Is Required to Make Estimated Payments: You must make
as payable on or before that date, you will not be charged interest for
estimated income tax payments if your Connecticut income tax (after
failing to make the estimated payment due January 15, 2015.
tax credits) minus Connecticut tax withheld is $1,000 or more and
A farmer or fi sherman who fi les a 2014 Connecticut income tax return
you expect your Connecticut income tax withheld to be less than your
on or before March 1, 2015, and pays in full the amount computed
required annual payment for the 2014 taxable year.
on the return as payable on or before that date, will not be charged
Your required annual payment is the lesser of:
interest for underpayment of estimated tax.
• 90% of the income tax shown on your 2014 Connecticut income
tax return; or
Worksheet Instructions
• 100% of the income tax shown on your 2013 Connecticut income
Line 2: Enter the total of your estimated allowable Connecticut
tax return if you fi led a 2013 Connecticut income tax return that
modifi cations. See instructions for Schedule 1 - Modifi cations to
covered a 12-month period.
Federal Adjusted Gross Income (AGI) of Form CT-1040 or Form
You do not have to make estimated income tax payments if you were a:
CT-1040NR/PY for information about allowable modifi cations.
• Connecticut resident during the 2013 taxable year and you did
Social Security Benefi t Adjustment: If your required Connecticut
not fi le a 2013 income tax return because you had no Connecticut
income tax return fi ling status is single or married fi ling separately,
income tax liability; or
and you expect your 2014 federal adjusted gross income will be less
• Nonresident or part-year resident with Connecticut-sourced income
than $50,000, enter as a subtraction the amount of federally taxable
during the 2013 taxable year and you did not fi le a 2013 income
Social Security benefi ts you expect to report on your 2014 federal
tax return because you had no Connecticut income tax liability.
Form 1040, Line 20b, or federal Form 1040A, Line 14b.
If you were a nonresident or part-year resident and you did not have
If your required Connecticut income tax return fi ling status is married
Connecticut-sourced income during the 2013 taxable year, then you
fi ling jointly, Qualifying Widow(er) with dependent child, qualifying
must use 90% of the income tax shown on your 2014 Connecticut
widow(er) with dependent child, or head of household, and you expect
income tax return as your required annual payment.
your federal adjusted gross income will be less than $60,000, enter as
a subtraction the amount of federally taxable Social Security benefi ts
When to File: Estimated payments for the 2014 taxable year are
you expect to report on your 2014 federal Form 1040, Line 20b, or
due on or before April 15, June 15, September 15, 2014, and
federal Form 1040A, Line 14b.
January 15, 2015. Fiscal year fi lers should follow federal fi ling dates.
If the due date falls on a Saturday, Sunday, or legal holiday, the next
If you expect your federal adjusted gross income will be above the
business day is the due date. An estimate will be considered timely fi led
threshold for your fi ling status, complete the Social Security Benefi t
if received or if the date shown by the U.S. Postal Service cancellation
Adjustment Worksheet on Page 3 and include the amount from Line F
mark is on or before the due date.
on Line 2.
Visit the DRS website at to make your estimated
Line 3: Nonresidents and Part-Year Residents Only: If your
payments online and receive immediate confirmation that your
Connecticut-sourced income is greater than your Connecticut adjusted
payment was timely fi led.
gross income, enter your Connecticut-sourced income on this line.
How Much Should I Pay: Complete the 2014 Estimated Connecticut
Line 5: Apportionment Factor: Nonresidents and part-year residents,
Income Tax Worksheet on Page 2 to calculate your required annual
if your Connecticut-sourced income is greater than or equal to your
payment.
Connecticut adjusted gross income, enter 1.0000. If your Connecticut-
sourced income is less than your Connecticut adjusted gross income,
Special Rules for Farmers and Fishermen: If you are a farmer
complete the following calculation and enter the result on Line 5.
or fi sherman (as defi ned in Internal Revenue Code §6654(i)(2))
who is required to make estimated income tax payments, you will
Connecticut-Sourced Income
be required to make only one payment. Your installment is due on
= Line 5
Connecticut Adjusted Gross Income (Line 3)
or before January 15, 2015, for the 2014 taxable year. The required
Do not enter a number that is less than zero or greater than 1. If the
installment is the lesser of 66
2
/
% of the income tax shown on your
3
2014 Connecticut income tax return or 100% of the income tax shown
result is less than zero, enter “0”; if greater than 1 enter 1.0000. Round
on your 2013 Connecticut income tax return. See Informational
to four decimal places.
Publication 2010(16), Farmer’s Guide to Sales and Use Taxes, Motor
Vehicle Fuels Tax, Estimated Income Tax, and Withholding Tax.

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