Form Nj-1040-Es - Estimated Tax Worksheet For Individuals

2016 Form NJ-1040-ES

Payment of Estimated Tax

is filed. Use the Amended Computation Schedule on page 4 to

determine the amount of your remaining installments.

You may pay your estimated tax in full by the due date of the

first installment or in four equal installments. Estimated pay -

Failure to File a Declaration or to Pay Estimated Tax

ments may be made by:

If a declaration is filed after the due date, it does not affect the

Check or Money Order, payable to State of New Jersey – TGI.

due date of the remaining installments. If you fail to pay all or

Write your social security number (Federal employer identifica-

any part of any required declaration of estimated tax, underpay

tion number for estates or trusts) on the check or money order

ment of estimated tax occurs. Interest at the annual rate of 3%

and enclose the completed declaration voucher for the period.

above the prime rate is added to the underpayment amount

for that period

(see

Interest below). The estate of a taxpayer

Electronic Check (e-check), available on the Division’s web-

who dies during the taxable year may be required to start (or

site ( ). Those without Internet

continue) filing estimated tax payments.

access can pay by e-check by contacting the Division’s Cus-

tomer Service Center at 609-292-6400 or by visiting a regional

Form NJ-2210

office (see page 4). Do not send in a decla ra tion voucher when

If you fail to make all required estimated tax payments, complete

paying by e-check. When using e-check on the web, individu-

Form NJ-2210, Underpayment of Estimated Tax by Individuals,

als need their social security number and date of birth. Estates

Estates or Trusts, to determine if interest is due and if so, to cal -

and trusts need their Federal employer identification number

culate the amount. Instructions are included with the form.

and either the date of the decedent’s death or the date the trust

Interest

was created to make a payment. E-check payments made using

Interest will be assessed at the prime rate plus 3%, compounded

an account that is funded from a financial institution outside

annually. At the end of each calendar year, any tax and interest

the United States will not be accepted. E-check payments of

that are still unpaid will become part of the balance on which

estimated tax can also be scheduled in advance.

interest is charged.

Credit Card, online ( ) or

Completing the Declaration Voucher

by phone (1-888-673-7694) using a Visa, American Express,

a. Complete the worksheet to figure your 2016 estimated tax.

MasterCard, or Discover card. Credit card payments can also be

b. Enter your name, address, and social security number on

made by contacting the Division’s Customer Service Center at

the voucher (if not preprinted). If you are making a joint

609-292-6400 or by visiting a regional office (see page 4). Do

declaration, also enter your spouse’s/civil union partner’s

not send in a declaration voucher when paying by credit card.

social security number. Be sure to enter the name and social

Changes in Income, Exemptions, etc.

security number of each spouse/civil union partner in the

Although you may not be required to file a Declaration of

same sequence used on your return. Estates and trusts enter

Estimated Tax on April 15, 2016, your situation can change and

the Federal employer identification number.

you may have to file a declaration later in the year. Calendar

: Please print your numbers as follows:

ote

year filers must file by:

June 15, 2016 – if changes occur after April 1 and

•

before June 2

September 15, 2016 – if changes occur after June 1 and

c. Check the appropriate box to indicate the return for

•

before September 2

which payment is being made: Resident (Form NJ-1040),

January 15, 2017 – if changes occur after September 1

•

Nonresident (Form NJ-1040NR or NJ-1080C), or Fiduciary

Pay the estimated tax in equal installments on the remaining

(Form NJ-1041).

payment dates.

d. Enter the actual amount of the payment being submitted

You need not file a January 15, 2017, Declaration of Estimated

in the space provided on the voucher. If you overpaid your

Tax as long as you file your 2016 income tax return by Febru-

2015 income tax and elected to apply the overpayment to

ary 15, 2017, and pay the entire balance due. This also applies

your 2016 estimated income tax, that overpayment will be

to filing an amended declaration, or filing an original declara-

automatically credited to the first quarterly installment, or it

tion which would first be due in the fourth quarter, or paying the

may be partially or fully applied to any installment. Subtract

last installment of your estimated tax.

the amount of the 2015 overpayment from the amount of

Farmers

the installment due and enter only the amount actually being

An individual may file a declaration of estimated tax at any

submitted with the voucher.

time on or before January 15 of the succeeding year if at least

e. Enclose your check or money order with the voucher.

two-thirds of his total estimated income for the taxable year is

Remember to write your social security number on your check

derived from farming (including oyster farming). Farmers filing

or money order. If filing jointly, include the social security

declarations by January 15 must pay estimated taxes in full with

numbers of both spouses/civil union partners. Estates and

the declaration.

trusts enter the Federal employer identification number.

Amended Declarations

f. Mail your check or money order along with your voucher to

If a declaration is amended, any remaining installments must be

the address listed in Where to File on page 1.

adjusted to reflect the change in estimated tax. If an amended

: If you pay by e-check or credit card, you do not

ote

declaration is made after September 15, 2016, any increase in

have to file a declaration of estimated tax voucher

estimated tax must be paid at the time the amended declaration

(see

Payment of Estimated Tax above).

Form Nj-1040-Es - Estimated Tax Worksheet For Individuals - 2016 Page 2

Related Articles

Related forms

Related Categories