Form Mo-1040es - Declaration Of Estimated Tax For Individuals

INSTRUCTIONS FOR COMPLETING THE ESTIMATED TAX WORKSHEET

Married persons, each having income and filing a combined estimate, use Columns Y, S,

Line 8 — Enter the amount of your dependent deduction. You are allowed a $1,200 deduc-

and T. All others use only Column T.

tion for each qualifying dependent. You are allowed an additional $1,000 for each qualifying

Line 1 — Enter your expected adjusted gross income from your federal return after subtract-

dependent age 65 or older that does not receive Medicaid or state funds. Do not include

ing and/or adding any modifications you may have; subtract exempt U.S. government

yourself or spouse in the number of dependents.

bond interest and the state income tax refund included on your federal return and add

Line 9 — Add the amounts on Lines 3, 4, 5, 6, 7, and 8. Enter the total on Line 9.

interest on obligations of another state or its political subdivisions, the amount of your net

Line 10 — Subtract Line 9 from Line 1 and enter on Line 10.

operating loss eligible for carryforward/carryback and partnership and S corporation state

Line 11 — Prorate the combined taxable income on Line 10 based on the percentages on

income tax addback.

Line 2 and enter on Line 11. Example: If Line 10 is $13,000 and the percentages on Line

Line 2 — Enter your and your spouse’s percentage of combined adjusted gross income.

2 are 70% for Yourself and 30% for Spouse; Line 11 amounts should be $9,100 for

Example: If Line 1, Yourself (Column Y) is $14,000, Spouse (Column S) $6,000, and

Yourself and $3,900 for Spouse.

Total (Column T) $20,000, then Line 2 is: Yourself — 70% ($14,000/$20,000) and

Line 12 — Enter on Line 12 in Columns Y, S and/or T, the tax amount determined from the

Spouse — 30% ($6,000/$20,000).

tax table. If you are filing combined, enter the total of Columns Y and S in Column T.

Line 3 — Enter the amount of your estimated pension and social security/social security

Note: A nonresident should determine Missouri estimated tax due by multiplying the tax

disability exemption. For more information about pension and social security/social

from the table by the percentage obtained by dividing Missouri adjusted gross income by

security disability exemptions, visit

the total adjusted gross income derived from all sources.

Line 13 — RESIDENTS: Enter on Line 13, the total of the estimated amount of Missouri

Line 4 — Enter the amount of your qualified long-term care insurance deduction and any

income tax to be withheld, approved overpayment applied from last year’s tax return, the

amounts paid to a health care sharing ministry.

amount of income tax to be paid to another state, miscellaneous tax credits and/or property

Line 5 — Enter the amount of your estimated federal income tax not to exceed $5,000 for

tax credit, if any. NONRESIDENTS: Enter on Line 13 Missouri tax to be withheld and

a single return; $10,000 for a combined return.

approved miscellaneous tax credits.

Line 6 — Enter the amount of your Missouri standard deduction or estimated Missouri

Line 14 — Subtract Line 13 from Line 12 and enter the total on Line 14.

itemized deductions. If you claimed an additional standard deduction or you were

Line 15 — If you anticipate receiving a lump sum distribution from a retirement plan, and

claimed as a dependent on someone else’s tax return, enter the same standard deduc-

you will use the 10 year averaging method, enter 10% of your estimated federal tax on

tion as entered on Federal Form 1040, Line 40. Missouri standard deductions are:

the distribution on Line 15.

(1) Single — $5,800; (2) Head of household — $8,500; (3) Married filing joint federal and

Line 16 — If you anticipate that you will be required to recapture a portion of any federal

combined Missouri or Qualifying widow(er) with dependent child — $11,600; (4) Married fil-

low income housing credits, you will also be required to recapture a portion of any state

ing separate returns (or) Married filing separate (spouse not filing) — $5,800.

credits taken. Enter your estimated recapture of low income housing credit on Line 16.

Line 7 — Enter the amount of your exemption based on the appropriate filing status below:

Line 17 — Add Lines 14, 15, and 16. Enter the total on Line 17.

(1) Single — $2,100

Line 18 — Divide Line 17 by the number of installments and enter on Line 18.

(2) Claimed as a dependent on another person’s federal income tax return — $0

If your Missouri estimated tax changes during the year, please use the amended estimated

(3) Married filing combined return — $4,200

tax worksheet to determine the amended amount to be paid.

(4) Married filing separate return — $2,100

WHEN TO PAY ESTIMATED TAX

(For Calendar Year Taxpayers)

(5) Married filing separate (spouse not filing) — $4,200

If the due date falls on a

Saturday, Sunday, or legal

April 15

September 15

(6) Head of household — $3,500

holiday, your voucher will be

June 15

January 15

(7) Qualifying widow(er) with dependent child — $3,500

considered timely if filed on

the next business day.

ESTIMATED TAX WORKSHEET FOR INDIVIDUALS (SEE INSTRUCTIONS)

Y — YOURSELF S — SPOUSE

T — TOTAL OR ONE INCOME

1. Estimated adjusted gross income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2. Percentage of Column Y and S to total in Column T . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

100 %

3. Estimated pension exemption and social security/social security disability exemption . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4. Long-term care insurance deduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5. Estimated federal income tax, not to exceed $5,000 ($10,000 on a married filing combined return) . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6. Itemized deductions or standard deduction amount (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7. Exemption amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8. Dependent deduction amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9. Total Lines 3, 4, 5, 6, 7, and 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10. Subtract Line 9 from Line 1. This is your total taxable income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11. Prorate Line 10 between spouses according to the percentages on Line 2 . . . . . . . . . . . . .

12. Tax (refer to tax table) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13. Resident — Enter Missouri tax to be withheld, credit for income tax to be paid to another state,

miscellaneous tax credits, and/or property tax credit.

Nonresident — Enter Missouri tax to be withheld and approved miscellaneous tax credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

14. Estimated tax (Line 12 less Line 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15. Estimated tax on lump sum distribution (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

16. Estimated recapture of low income housing credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

17. Total estimated tax to be paid (add Lines 14, 15, and 16) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

18. Computation of installments (divide Line 17 by number of installments)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

NOTICE: YOU WILL NOT BE BILLED. REMIT WHEN DUE

NOTE: If estimated tax changes during the year, use the amended computation below to determine amended amount to be entered on the declaration voucher.

AMENDED ESTIMATED TAX WORKSHEET

(Use if estimated tax is substantially changed after first Form MO-1040ES is filed)

1. Amended estimated tax (after credits and approved overpayment) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2. Less declaration payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3. Unpaid balance (Line 1 less Line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4. Amount to be paid (Line 3 divided by number of remaining installments.) Enter here and on Line 4

of Form MO-1040ES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

NOTICE

If the due date falls on a Saturday, Sunday, or legal holiday,

ESTIMATED

• APRIL 15

• SEPTEMBER 15

• JUNE 15

• JANUARY 15

the voucher will be considered timely if filed on the next busi-

• YOU WILL NOT BE BILLED

TAX DUE BY:

ness day. Actual due dates are printed on the vouchers.

• REMIT WHEN DUE