Fillable Form 1040-Es - Estimated Tax For Individuals

payments made in 2013, up to the social security wage

1st payment

April 15, 2013

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

limit of $113,700. There is no change in Medicare.

2nd payment

June 17, 2013

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

The same increase applies to net earnings from

3rd payment

Sept. 16, 2013

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

self-employment. The rate will be 12.4%, up to the social

4th payment

Jan. 15, 2014*

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

security wage limit of $113,700. In addition, the deduction

* You do not have to make the payment due January 15,

for self-employment tax has been restored to 50%.

2014, if you file your 2013 tax return by January 31, 2014,

and pay the entire balance due with your return.

Adoption credit and adoption assistance. Beginning

in 2013, the maximum adoption credit will be $12,970 and

If you mail your payment and it is postmarked by the

the credit is not refundable. The maximum amount of

due date, the date of the U.S. postmark is considered the

adoption assistance that can be excluded from gross

date of payment. If your payments are late or you did not

income is $12,970. The amount of the credit or excludable

pay enough, you may be charged a penalty for

assistance begins to phase out for taxpayers with

underpaying your tax. See When a Penalty Is Applied,

modified AGI in excess of $194,580 and is completely

later.

phased out for taxpayers with modified AGI of $234,580.

If you want, you can make more than four

Lifetime learning credit. In order to claim a lifetime

estimated tax payments. To do so, make a copy

TIP

learning credit, your modified AGI must be less than

of one of your unused estimated tax payment

$63,000 ($127,000 if married filing jointly).

vouchers, fill it in, and mail it with your payment. If you

Capital gains and dividend rates. For tax year 2013,

make more than four payments, to avoid a penalty, make

your capital gains and dividends rate will depend on your

sure the total of the amounts you pay during a payment

income.

period is at least as much as the amount required to be

paid by the due date for that period. For other payment

How To Figure Your Estimated Tax

methods, see How To Pay Estimated Tax, later.

You will need:

No income subject to estimated tax during first pay-

The 2013 Estimated Tax Worksheet,

ment period. If, after March 31, 2013, you have a large

The Instructions for the 2013 Estimated Tax

change in income, deductions, additional taxes, or credits

Worksheet,

that requires you to start making estimated tax payments,

The 2013 Tax Rate Schedules, and

you should figure the amount of your estimated tax

Your 2012 tax return and instructions to use as a guide

payments by using the annualized income installment

to figuring your income, deductions, and credits (but be

method, explained in chapter 2 of Pub. 505. If you use the

sure to consider the items listed under What's New,

annualized income installment method, file Form 2210,

earlier).

Underpayment of Estimated Tax by Individuals, Estates,

Matching estimated tax payments to income. If you

and Trusts, including Schedule AI, with your 2013 tax

receive your income unevenly throughout the year (for

return even if no penalty is owed.

example, because you operate your business on a

Farmers and fishermen. If at least two-thirds of your

seasonal basis or you have a large capital gain late in the

gross income for 2012 or 2013 is from farming or fishing,

year), you may be able to lower or eliminate the amount of

you can do one of the following.

your required estimated tax payment for one or more

Pay all of your estimated tax by January 15, 2014.

periods by using the annualized income installment

File your 2013 Form 1040 by March 3, 2014, and pay

method. See chapter 2 of Pub. 505 for details.

the total tax due. In this case, 2013 estimated tax

Changing your estimated tax. To amend or correct

payments are not required to avoid a penalty.

your estimated tax, see How To Amend Estimated Tax

Fiscal year taxpayers. You are on a fiscal year if your

Payments, later.

12-month tax period ends on any day except December

You cannot make joint estimated tax payments if

31. Due dates for fiscal year taxpayers are the 15th day of

you or your spouse is a nonresident alien, you are

the 4th, 6th, and 9th months of your current fiscal year and

separated under a decree of divorce or separate

the 1st month of the following fiscal year. If any payment

CAUTION

maintenance, or you and your spouse have different tax

date falls on a Saturday, Sunday, or legal holiday, use the

years.

next business day.

Name Change

Additionally, registered domestic partners and same-sex

spouses cannot make joint estimated tax payments. Each

If you changed your name because of marriage, divorce,

partner can take credit only for the estimated tax

etc., and you made estimated tax payments using your

payments that he or she made.

former name, attach a statement to the front of your 2013

Payment Due Dates

tax return. On the statement, show all of the estimated tax

payments you (and your spouse, if filing jointly) made for

You can pay all of your estimated tax by April 15, 2013, or

2013 and the name(s) and SSN(s) under which you made

in four equal amounts by the dates shown below.

the payments.

Be sure to report the change to your local Social

Security Administration office before filing your 2013 tax

return. This prevents delays in processing your return and

issuing refunds. It also safeguards your future social

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Form 1040-ES (2013)

Form 1040-Es - Estimated Tax For Individuals - 2013 Page 3

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