Form Ri-1040es - Rhode Island Resident And Nonresident Estimated Payment Coupons - 2015
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RI-1040ES Rhode Island Resident and Nonresident Estimated Payment Coupons
WHO MUST MAKE ESTIMATED PAYMENTS
WHEN AND WHERE TO MAKE ESTIMATES
9) Child and Dependent Care Credit
Every resident and nonresident individual shall
1st Estimate Due......................April 15, 2015
10) Credits for Contributions to Scholarship
make estimated Rhode Island personal income tax
2nd Estimate Due.....................June 15, 2015
Organizations - RIGL §44-62
payments if his or her estimated Rhode Island per-
3rd Estimate Due.....................September 15, 2015
sonal income tax can be reasonably expected to be
4th Estimate Due.....................January 15, 2016
CHARGE FOR UNDERPAYMENT OF INSTALL-
$250 or more in excess of any credits allowable
Note: You do not have to make your January 15,
MENTS OF ESTIMATED TAX
against his or her tax, whether or not he or she is
2016 payment if you file your 2015 return by February
An interest charge is imposed for underpayment of
required to file a federal estimated tax for such year.
15, 2016, and pay the entire balance due with your
an installment of estimated tax. The Rhode Island
return.
income tax law follows similar provisions of the
JOINT RETURNS
Internal Revenue Code with respect to exceptions.
Mail to: Rhode Island Division of Taxation
Married individuals may make joint payments as if
Such charge on any unpaid installment shall be com-
Dept#83
they were one taxpayer, in which case the liability
puted on the amount by which the actual pay-
PO Box 9703
with respect to the estimated tax shall be joint and
ments and credits applied to the tax are less than
Providence, RI 02940-9703
several. No joint payments may be made if the mar-
80% of such installment at the time it is due. If it
ried individuals are separated under a decree of
appears there was an underpayment of any
ALLOWABLE CREDITS
divorce or of separate maintenance. If joint pay-
installment of estimated tax, you may attach Form
Only the following credits are allowed against Rhode
ments are made, but the married individuals deter-
Island personal income tax:
RI-2210 (if any of the exceptions apply) to your
mine their Rhode Island income taxes separately,
Rhode Island income tax return explaining why an
1) Rhode Island Earned Income Credit - RIGL §44-30-
the estimated tax, for such period, may be treated as
additional charge should not be made.
2.6(c)(2)(N)
the estimated tax of either individual, or may be
2) Property Tax Relief Credit - RIGL §44-33
divided between them, as they may elect.
3) Rhode Island Residential Lead Abatement Credit -
PENALTIES
RIGL §44-30.3
The law imposes penalties and interest charges for
CHANGES IN INCOME
failing to pay estimated tax due or for making false or
4) Credit for Taxes Paid to Other States - RIGL §44-30-18
Even though on April 15, 2015 you do not expect
fraudulent statements.
5) Historic Structures Tax Credit - RIGL §44-33.2
your tax to be large enough to require making esti-
6) Historic Preservation Tax Credits 2013 - RIGL
mated payments, a change in income may require
§44-33.6
OTHER QUESTIONS
you to make estimated payments later.
7) Motion Picture Productions Company Tax Credit -
Further assistance may be obtained by calling the
Personal Income Tax Section at (401) 574-8829 and
RIGL §44-31.2
HOW TO ESTIMATE YOUR TAX FOR 2015
selecting option #3, or by visiting the Rhode Island
8) Musical and Theatrical Production Tax Credits -
Your 2015 estimated income tax may be based upon
Division of Taxation’s website at
RIGL §44-31.3
your 2014 income tax liability. If you wish to compute
2015 Tax Rate Schedule - FOR ALL FILING STATUS TYPES
your 2015 estimated income tax, use the enclosed
Taxable Income (line 4)
of the
%
estimated tax worksheet.
amount over
+
Over
But not over
Pay
on excess
CREDIT FOR INCOME TAX OVERPAYMENT
---
0
$
3.75%
0
$
$
60,550
$
Your credit for income tax overpayment from your 2014
+
60,550
137,650
2,270.63
4.75%
60,550
Rhode Island income tax return may be deducted from
the first installment of your 2015 estimated tax, and any
137,650
..........
5,932.88
+
5.99%
137,650
excess credit from succeeding installments.
RECORD OF ESTIMATED PAYMENTS
C
A
B
D
Total amount paid and credited
Payment
Check
2014 Overpayment
Date
(add column B and Column C)
Number
Number
Amount
credit applied
1.
2.
3.
4.
Total
DETACH HERE AND MAIL WITH YOUR PAYMENT
STATE OF RHODE ISLAND ESTIMATED PAYMENT COUPON
2015
RI-1040ES
DIVISION OF TAXATION - DEPT#83 - PO BOX 9703 - PROVIDENCE, RI 02940-9703
YOUR SOCIAL SECURITY NUMBER
Return this coupon with check or money order
DUE DATE
payable to: Rhode Island Division of Taxation,
SPOUSE’S SOCIAL SECURITY NUMBER,
JANUARY 15, 2016
IF JOINT PAYMENT
Dept #83, PO Box 9703
Providence, RI 02940-9703.
NAME
ITE
ADDRESS
CITY, STATE & ZIP CODE
1. ENTER
AMOUNT
$
0 0
DUE AND
FILE ONLY IF YOU ARE MAKING A PAYMENT OF ESTIMATED TAX
PAID
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