Form 760es - Virginia Estimated Income Tax Payment Vouchers For Individuals

2012

VIRGINIA ESTIMATED INCOME TAX PAYMENT VOUCHERS

FOR INDIVIDUALS

FORM 760ES

Form 760ES Vouchers and Instructions

Form 760ES is used by individuals to make estimated income tax payments. Filing is required only for individuals whose

income and net tax due exceed the amounts specified in Section I. If you are required to make estimated income tax

payments, but do not, you may be liable for an additional charge, explained in Section VIII. When to file information is

in Section II. Estates, trusts and unified nonresident filers should use form 770ES.

VATAX Online Services for Individuals

• Make a Filing Extension Payment

• Make your Estimated Tax Payments

• Make a Web Payment for the balance due on your Return

• e-File/Free File your Federal and State Tax Return

• Use Live Chat or send a Secure Email to communicate

• Use Free Fillable Forms e-File to complete your

with a Tax Representative

Virginia return

• Use Quick Pay to pay and view your Tax Bills

• Check the Status of your Refund

• Sign up for e-Subscriptions

• View your Account History

Visit for more information

INDIVIDUALS

I. FILING REQUIREMENTS -

estimated income tax, that overpayment may be partially or

If your Virginia income tax liability, after subtracting income

fully applied to any installment.

tax withheld and any allowable credits, is expected to be

more than $150, then you must make estimated tax payments

FARMERS, FISHERMEN and MERCHANT SEAMEN

on Form 760ES (or have additional income tax withheld

If the qualifications of a farmer, fisherman or merchant

throughout the year from your wages or other income).

seaman are met, you only need to file Payment Voucher 4 by

January 15, 2013. If you file your 2012 income tax return on

Farmers, fishermen and merchant seamen with two-

or before March 1, 2013, and pay the entire tax at that time,

thirds of their estimated Virginia gross income from self-

you are not required to file Form 760ES for 2012.

employed farming, fishing or being a merchant seaman

have special filing requirements which allow them to make

FISCAL YEAR TAXPAYERS

fewer payments. See Farmers, Fishermen and Merchant

If you report income on a fiscal year basis, substitute the

Seamen in Section II for more information.

15th day of the 4th month for May 1, the 15th day of the

You are not required to file Form 760ES if:

6th month for June 15, the 15th day of the 9th month for

September 15, and the 15th day of the first month of the

(a) you are single and your expected Virginia adjusted

succeeding taxable year for January 15. For example, if

gross income (Line 1, Estimated Income Tax Worksheet

a taxpayer has a taxable year that ends on June 30, the

on Page 3) is less than $11,950;

first Form 760ES return would be due on October 15. The

(b) you are a married couple and your combined expected

remaining estimated payments would be due on December

Virginia adjusted gross income (Line 1, Estimated

15, March 15 and July 15 of the succeeding taxable year.

Income Tax Worksheet on Page 3) is less than

Indicate the beginning month of your fiscal year in the space

$23,900;

provided on the 760ES Voucher.

III. HOW TO ESTIMATE

expected Virginia adjusted gross income (Line 1,

You must pay at least 90% of your tax liability during the

Estimated Income Tax Worksheet on Page 3) is less

year by having income tax withheld and/or making timely

than $11,950; or

payments of estimated tax. Worksheets are available on our

(d) your expected estimated tax liability exceeds your

website to help you determine if you are required to file Form

withholding and tax credits by $150 or less.

760ES. Use the tax rate schedule below or, for additional

II. WHEN TO FILE

information and guidance, refer to the instructions for the

return that you will file.

If you are required to file and the due date falls on a

Saturday, Sunday or legal holiday, you may file your return

If you are required to file Form 760ES, complete the form

using the payment amount from Line 15 of the Estimated

on the next succeeding day that is not a Saturday, Sunday

Income Tax Worksheet For Individuals. When filing each

or legal holiday.

File Form 760ES Payment Voucher 1 by May 1, 2012.

voucher, include your check or money order for the amount

computed for the quarter.

Estimated income tax payments must be made in full on or

If your expected Virginia adjusted gross income changes

before May 1, 2012, or in equal installments on or before

May 1, 2012, June 15, 2012, September 15, 2012, and

during the year, recompute your estimated tax to determine

January 15, 2013.

how much your remaining payments should increase or

decrease. When making your next Form 760ES payment,

Complete the worksheet and make payments in accordance

with the instructions on the vouchers. If you overpaid your 2011

enter the new amount of estimated income tax due for the

income tax and chose to apply the overpayment to your 2012

quarter.

Form 760es - Virginia Estimated Income Tax Payment Vouchers For Individuals - 2012

Related Articles

Related forms

Related Categories