Form Il-1040-Es - Estimated Income Tax Payments For Individuals - 2016

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Illinois Department of Revenue
IL-1040-ES
2016
Estimated Income Tax Payments for Individuals
Am I required to make estimated
What if I do not make my
If you do not receive your income
income tax payments?
payments?
evenly throughout the year or if you must
You must make estimated income tax
begin making estimated payments in
You may be assessed a late-payment
midyear, see Form IL-2210, Computation of
penalty if you do not pay the required
payments if you reasonably expect your 2016
Penalties for Individuals, for further details on
tax liability to exceed $500 after subtracting
estimated payments on time. We will apply
your Illinois withholding, pass-through
annualizing your income.
each payment to the earliest due date until
withholding payments, and tax credits for
that liability is paid, unless you provide
When are my payments due?
specific instructions to apply it to another
income tax paid to other states,
Your first estimated payment is due by
period. However, if you pay at least 90 percent
Illinois Property Tax paid,
April 18, 2016. You may either pay all of
of this year’s tax or at least 100 percent of last
education expenses,
your estimated tax at that time or pay your
year’s tax in four equal timely installments,
the Earned Income Credit, and
estimated tax in four equal installments that
you may not be subject to this penalty.
Schedule 1299-C, Income Tax
are due on April 18, 2016; June 15, 2016;
Subtractions and Credits (for individuals).
For more information about penalties and
September 15, 2016; and January 17, 2017.
You will likely need to make estimated
interest, see Publication 103, Penalties and
payments if your income is either fully or
If you file on a fiscal-year basis,
Interest for Illinois Taxes.
partially exempt from Illinois withholding.
please adjust all the due dates to correspond
What if I need additional
to your tax year.
Complete the Estimated Tax Worksheet to
assistance?
Are there any exceptions?
figure your estimated tax and to determine
If you need assistance,
if you are required to make estimated tax
You do not have to make estimated
visit our website at tax.illinois.gov;
payments. If you plan to file a joint income
payments if you are
call our Taxpayer Assistance Division at
tax return, you must figure your estimated
65 years or older and permanently living in
1 800 732-8866, 217 782-3336; or
tax on your joint income.
a nursing home or
call our TDD (telecommunications device
If you determine that you are required to
a farmer. We consider you a farmer if at
for the deaf) at 1 800 544-5304.
make estimated payments, you should
least two-thirds of your total federal gross
Our office hours are 8 a.m. to 5 p.m.
pay 100 percent of the tax. If your income
income is from farming.
changes during the year, you should
complete the amended worksheet.
Estimated Tax Worksheet
Electronic Funds Transfer
Complete Form EFT-1, Authorization
Agreement for Certain Electronic Payments. To print a copy of this
Complete the Estimated Tax Worksheet to figure your estimated tax and
form or for more information about this program, visit our website at
the amount of any required payments.
tax.illinois.gov.
If your income changes during the tax year,
If you pay electronically, do not send us your payment
refigure the Estimated Tax Worksheet based on your changes.
voucher.
Enter the refigured amount from Line 10 on your Amended
Estimated Tax Worksheet, Line 1.
Estimated Tax Voucher
follow the Amended Estimated Tax Worksheet instructions for
If you pay by check or money order, complete Form IL-1040-ES.
Lines 2 through 8.
Enter your Social Security number, and, if you are filing a joint
return, enter your spouse’s Social Security number. Enter these
Fiscal-year taxpayers – Please adjust the due dates to
numbers in the order they will appear on your Form IL-1040,
correspond to your tax year.
Individual Income Tax Return.
Electronic Payment Options
Enter your name, and, if you are filing a joint return, enter your
If you determine that you must make estimated tax payments, we
spouse’s name. Also, enter your address and phone number.
encourage you to use one of the following electronic payment options:
Enter the amount you are paying from your Estimated Tax
Online – Visit our website at tax.illinois.gov to have your
Worksheet, Line 11, on the “Amount of payment” line.
payment taken from your checking or savings account. You will
Detach the voucher, and enclose it with your payment. Print
need your IL-PIN (Illinois Personal Identification Number).
your Social Security number(s), tax year, and “IL-1040-ES” on your
Credit Card
Use your MasterCard, Discover, American Express,
payment. Mail both to the address shown on the voucher. Complete
or Visa. The credit card service provider will assess a convenience
your Record of Estimated Tax Payments on the next page.
fee. Have your credit card ready and visit our website or call one of
Form IL-1041, IL-1065, and IL-1120-ST filers
Do not
the following:
use Form IL-1040-ES vouchers. Use Form IL-516-I or IL-516-B to
Official Payments Corporation at 1 800 2PAYTAX
make any voluntary prepayments of tax.
(1 800 272-9829). You will need a Jurisdiction Code, which is 2300.
Value Payment Systems at 1 888 9-PAY-ILS (1 888 972-9457).
Link2Gov/FIS at 1 877 57-TAXES (1 877 578-2937).
This form is authorized as outlined under the Illinois Income Tax Act. Disclosure of
this information is required. Failure to provide information could result in a penalty.
IL-1040-ES (R-12/15)
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