Form 1040-Es - Estimated Tax For Individuals

exemption(s) for all 12 months of 2017. See Form 8965

THEN your standard

and its instructions for more information.

IF your 2017 filing status is...

deduction is...

Advance payments of the premium tax credit. If you

Married filing jointly or

$12,700

buy health care insurance through the Health Insurance

Qualifying widow(er)

Marketplace, you may be eligible for advance payments

Head of household

$9,350

of the premium tax credit to help pay for your insurance

Single or Married filing separately

$6,350

coverage. Receiving too little or too much in advance will

affect your refund or balance due. Promptly report

changes in your income or family size to your

However, if you can be claimed as a dependent on

Marketplace. See Form 8962 and its instructions for more

another person's 2017 return, your standard deduction is

information.

the greater of:

How To Figure Your Estimated Tax

$1,050, or

Your earned income plus $350 (up to the standard

You will need:

deduction amount).

The 2017 Estimated Tax Worksheet,

Your standard deduction is increased by the following

The Instructions for the 2017 Estimated Tax Worksheet,

amount if, at the end of 2017, you are:

The 2017 Tax Rate Schedules, and

An unmarried individual (single or head of household)

Your 2016 tax return and instructions to use as a guide

and are:

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

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

65 or older or blind

$1,550

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

earlier).

65 or older and blind

$3,100

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

Matching estimated tax payments to income. If you

receive your income unevenly throughout the year (for

example, because you operate your business on a

A married individual (filing jointly or separately) or a

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

qualifying widow(er) and are:

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

your required estimated tax payment for one or more

65 or older or blind

$1,250

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

periods by using the annualized income installment

65 or older and blind

$2,500

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

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

Both spouses 65 or older

$2,500*

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

Both spouses 65 or older and blind

$5,000*

Changing your estimated tax. To amend or correct

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

* If married filing separately, these amounts apply only if you can

your estimated tax, see How To Amend Estimated Tax

claim an exemption for your spouse.

Payments, later.

You cannot make joint estimated tax payments if

you or your spouse is a nonresident alien, you are

Your standard deduction is zero if (a) your spouse

separated under a decree of divorce or separate

itemizes on a separate return, or (b) you were a

CAUTION

maintenance, or you and your spouse have different tax

dual-status alien and you do not elect to be taxed

CAUTION

years.

as a resident alien for 2017.

Additionally, individuals of the same sex and opposite sex

Personal exemption amount for certain taxpayers.

who are in registered domestic partnerships, civil unions,

For tax years beginning in 2017, the personal exemption

or other similar formal relationships that are not marriages

amount remains unchanged at $4,050 for taxpayers with

under state law cannot make joint estimated tax

adjusted gross incomes below $156,900. The personal

payments. These individuals can take credit only for the

exemption amount for taxpayers with adjusted gross

estimated tax payments that he or she made.

incomes above this amount may be reduced.

Payment Due Dates

Limitation on itemized deductions. For tax year 2017,

itemized deductions for taxpayers with adjusted gross

You can pay all of your estimated tax by April 18, 2017, or

income above $156,900 may be reduced.

in four equal amounts by the dates shown below.

Social security tax. For 2017, the maximum amount of

1st payment

April 18, 2017

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

earned income (wages and net earnings from

2nd payment

June 15, 2017

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

self-employment) subject to the social security tax is

3rd payment

Sept. 15, 2017

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

$127,200.

4th payment

Jan. 16, 2018*

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

Reminders

* You do not have to make the payment due January 16,

2018, if you file your 2017 tax return by January 31, 2018,

Health care coverage. When you file your 2017 tax

and pay the entire balance due with your return.

return in 2018, you will need to either (1) indicate on your

return that you and your family had health care coverage

throughout 2017, (2) claim an exemption from the health

If you mail your payment and it is postmarked by the

care coverage requirement for some or all of 2017, or (3)

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

make a payment if you do not have coverage or an

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

pay enough, you may be charged a penalty for

-2-

Form 1040-ES (2017)

Form 1040-Es - Estimated Tax For Individuals - 2017 Page 2

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