File your Taxes for Free!
  • Get your maximum refund*
  • 100% accurate calculations guaranteed*

TurboTax Federal Free Edition - File Taxes Online

Don't let filing your taxes get you down! We'll help make it as easy as possible. With e-file and direct deposit, there's no faster way to get your refund!

Approved TurboTax Affiliate Site. TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.


© 2012 - 2018 All rights reserved.

This is an Approved TurboTax Affiliate site. TurboTax and TurboTax Online, among other are registered trademarks and/or service marks of Intuit, Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.
When discussing "Free e-file", note that state e-file is an additional fee. E-file fees do not apply to New York state returns. Prices are subject to change without notice. E-file and get your refund faster
*If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
*Maximum Refund Guarantee - or Your Money Back: If you get a larger refund or smaller tax due from another tax preparation method, we'll refund the applicable TurboTax federal and/or state purchase price paid. TurboTax Federal Free Edition customers are entitled to payment of $14.99 and a refund of your state purchase price paid. Claims must be submitted within sixty (60) days of your TurboTax filing date and no later than 6/15/14. E-file, Audit Defense, Professional Review, Refund Transfer and technical support fees are excluded. This guarantee cannot be combined with the TurboTax Satisfaction (Easy) Guarantee. *We're so confident your return will be done right, we guarantee it. Accurate calculations guaranteed. If you pay an IRS or state penalty or interest because of a TurboTax calculations error, we'll pay you the penalty and interest.
https://turbotax.intuit.com/corp/guarantees.jsp

Tax 1040ez

2012 Federal Tax Return FormsForms To File 2011 TaxesTax Software 2005 20062010 1040 Tax FormWhere Do I Send My Federal Tax Return 20121040x 2011 Free FileState Income Taxes 2012File State Return Only2010 1040 Tax Forms1040 State Tax FormIrs Gov Amended Tax Return2009 Tax Forms 1040Free State Tax Filing1040 Tax Forms1040ez Form OnlineFile An Amended Tax Return2006 Income Tax FormsE File 20111040ez Form 2013 PdfFree Electronic State Tax FilingTax Act 2012H And R Block Free For MilitaryForm 1040x FillableDo I Amend Tax Return2012 Tax Forms OnlineWhere Can I File My State Taxes For FreeHow Do I File My 2011 Taxes LateAmmending TaxesFree Amended Tax Return OnlineE-file 20121040x Instructions DummiesTurbotax 1040ez1040x Fillable FormFree State Returns OnlineAmend My 2013 Tax ReturnMyfreetaxes De ComTurbotax MilitaryIncome Tax Form 1040ez InstructionsHrblock FreeFile State Taxes Only

Tax 1040ez

Tax 1040ez Publication 721 - Introductory Material Table of Contents Reminders IntroductionOrdering forms and publications. Tax 1040ez Tax questions. Tax 1040ez Useful Items - You may want to see: Reminders Future developments. Tax 1040ez  For the latest information about developments related to Publication 721, such as legislation enacted after it was published, go to www. Tax 1040ez IRS. Tax 1040ez gov/pub721. Tax 1040ez Phased retirement. Tax 1040ez   The new phased retirement program was signed into law by the Moving Ahead for Progress in the 21st Century Act and will be available for retirement eligible individuals once the regulations for this program are effective. Tax 1040ez This new program will allow eligible employees to begin receiving annuity payments while working part-time. Tax 1040ez For more information, go to the Office of Personnel Management (OPM) website at www. Tax 1040ez opm. Tax 1040ez gov. Tax 1040ez Roth Thrift Savings Plan (TSP) balance. Tax 1040ez  You may be able to contribute to a designated Roth account through the TSP known as the Roth TSP. Tax 1040ez Roth TSP contributions are after-tax contributions, subject to the same contribution limits as the traditional TSP. Tax 1040ez Qualified distributions from a Roth TSP are not included in your income. Tax 1040ez See Thrift Savings Plan in Part II for more information. Tax 1040ez Rollovers. Tax 1040ez  You can roll over certain amounts from the CSRS, FERS, or TSP, to a tax-sheltered annuity plan (403(b) plan) or a state or local government section 457 deferred compensation plan. Tax 1040ez See Rollover Rules in Part II. Tax 1040ez Rollovers by surviving spouse. Tax 1040ez  You may be able to roll over a distribution you receive as the surviving spouse of a deceased employee or retiree into a qualified retirement plan or an IRA. Tax 1040ez See Rollover Rules in Part II. Tax 1040ez Thrift Savings Plan (TSP) beneficiary participant accounts. Tax 1040ez  If you are the spouse beneficiary of a decedent's TSP account, you have the option of leaving the death benefit payment in a TSP account in your own name (a beneficiary participant account). Tax 1040ez The amounts in the beneficiary participant account are neither taxable or reportable until you choose to make a withdrawal, or otherwise receive a distribution from the account. Tax 1040ez Benefits for public safety officer's survivors. Tax 1040ez  A survivor annuity received by the spouse, former spouse, or child of a public safety officer killed in the line of duty generally will be excluded from the recipient's income. Tax 1040ez For more information, see Dependents of public safety officers in Part IV. Tax 1040ez Uniformed services Thrift Savings Plan (TSP) accounts. Tax 1040ez  If you have a uniformed services TSP account, it may include contributions from combat zone pay. Tax 1040ez This pay is tax-exempt and contributions attributable to that pay are tax-exempt when they are distributed from the uniformed services TSP account. Tax 1040ez However, any earnings on those contributions are subject to tax when they are distributed. Tax 1040ez The statement you receive from the TSP will separately state the total amount of your distribution and the amount of your taxable distribution for the year. Tax 1040ez If you have both a civilian and a uniformed services TSP account, you should apply the rules discussed in this publication separately to each account. Tax 1040ez You can get more information from the TSP website, www. Tax 1040ez tsp. Tax 1040ez gov, or the TSP Service Office. Tax 1040ez Photographs of missing children. Tax 1040ez  The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Tax 1040ez Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Tax 1040ez You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Tax 1040ez Introduction This publication explains how the federal income tax rules apply to civil service retirement benefits received by retired federal employees (including those disabled) or their survivors. Tax 1040ez These benefits are paid primarily under the Civil Service Retirement System (CSRS) or the Federal Employees' Retirement System (FERS). Tax 1040ez Tax rules for annuity benefits. Tax 1040ez   Part of the annuity benefits you receive is a tax-free recovery of your contributions to the CSRS or FERS. Tax 1040ez The rest of your benefits are taxable. Tax 1040ez If your annuity starting date is after November 18, 1996, you must use the Simplified Method to figure the taxable and tax-free parts. Tax 1040ez If your annuity starting date is before November 19, 1996, you generally could have chosen to use the Simplified Method or the General Rule. Tax 1040ez See Part II, Rules for Retirees . Tax 1040ez Thrift Savings Plan. Tax 1040ez   The Thrift Savings Plan (TSP) provides federal employees with the same savings and tax benefits that many private employers offer their employees. Tax 1040ez This plan is similar to private sector 401(k) plans. Tax 1040ez You can defer tax on part of your pay by having it contributed to your traditional balance in the plan. Tax 1040ez The contributions and earnings on them are not taxed until they are distributed to you. Tax 1040ez Also the TSP offers a Roth TSP option. Tax 1040ez Contributions to this type of balance are after tax and qualified distributions from the account are tax free. Tax 1040ez See Thrift Savings Plan in Part II. Tax 1040ez Comments and suggestions. Tax 1040ez   We welcome your comments about this publication and your suggestions for future editions. Tax 1040ez   You can write to us at the following address: Internal Revenue Service Tax Forms and Publications Division 1111 Constitution Ave. Tax 1040ez NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Tax 1040ez Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Tax 1040ez   You can send your comments from www. Tax 1040ez irs. Tax 1040ez gov/formspubs/. Tax 1040ez Click on “More Information” and then on “Comment on Tax Forms and Publications”. Tax 1040ez   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax products. Tax 1040ez Ordering forms and publications. Tax 1040ez   Visit www. Tax 1040ez irs. Tax 1040ez gov/formspubs/ to download forms and publications, call 1-800-TAX-FORM (1-800-829-3676), or write to the address below and receive a response within 10 days after your request is received. Tax 1040ez Internal Revenue Service 1201 N. Tax 1040ez Mitsubishi Motorway Bloomington, IL 61705-6613 Tax questions. Tax 1040ez   If you have a tax question, check the information available on IRS. Tax 1040ez gov or call 1-800-829-1040. Tax 1040ez We cannot answer tax questions sent to either of the above addresses. Tax 1040ez Useful Items - You may want to see: Publication 524 Credit for the Elderly or the Disabled 575 Pension and Annuity Income 590 Individual Retirement Arrangements (IRAs) 939 General Rule for Pensions and Annuities Form (and Instructions) CSA 1099R Statement of Annuity Paid CSF 1099R Statement of Survivor Annuity Paid W-4P Withholding Certificate for Pension or Annuity Payments 1099-R Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Tax 1040ez 5329 Additional Taxes on Qualified Plans (including IRAs) and Other Tax-Favored Accounts See How To Get Tax Help near the end of this publication for information about getting publications and forms. Tax 1040ez Prev  Up  Next   Home   More Online Publications
Español

Get the Facts About Renting

A lease is an agreement that outlines the obligations of the owner and the tenants of a house or apartment. It is a legally binding document that courts will generally uphold in legal proceedings, so it is important for you to know the exact terms of the lease agreement before you sign it. Before agreeing to lease a home to you, a landlord may review your credit report, so you may want to get a copy before you start your apartment search. Some things to look for in a lease:

  • Clauses that allow the landlord to change the terms of the lease after it is signed
  • Requirements/responsibilities of the tenants to do routine repairs such as lawn maintenance, cleaning or notification of repairs
  • Restrictions that would prevent you from living normally or comfortably in the home
  • Term of the lease and any important dates such as when the rent is due, or garbage pick up days
  • Extra fees for parking spaces or storage, garbage collection, and pets
  • Information regarding utility providers, how to arrange for service and whether you or the landlord is responsible for those bills.

Read the lease carefully and discuss anything you don't understand or issues you might have. All landlord responsibilities should be clearly stated. Always get a copy of the signed lease to keep in your records. Any clause or terms in the agreement affects ALL parties who sign.

Tenants who lease or rent property are protected against discrimination by The Fair Housing Act. If you think your rights have been violated, you may write a letter or telephone the HUD office nearest you. You have one year after the alleged violation to file a complaint with HUD, but you should file as soon as possible.

Each state has its own tenant rights, laws and protections. Contact HUD for a state-by-state directory. You can also find public housing that is available from the Department of Housing and Urban Development. The agency offers several housing assistance programs for tenants and landlords as well as information of displaced residents.

Ten Tips for Renters

  • The best way to win over a prospective landlord is to be prepared by bringing a completed rental application; written references from previous landlords, employers, friends and colleagues; and a current copy of your credit report with you.
  • Carefully review all the important conditions of the lease before you sign.
  • To avoid disputes or misunderstandings with your landlord, get everything in writing.
  • Know your rights to live in a habitable rental unit-and don't give them up.
  • Keep communication open with your landlord.
  • Ask about your privacy rights before you sign the lease.
  • Purchase renter's insurance to cover your valuables.
  • Make sure the security deposit refund procedures are spelled out in your lease or rental agreement.
  • Learn whether your building and neighborhood are safe, and what you can expect your landlord to do about it if they aren't.
  • Know when to fight an eviction notice and when to move. Unless you have the law and provable facts on your side, fighting an eviction notice is usually shortsighted.

The Tax 1040ez

Tax 1040ez 4. Tax 1040ez   Tax Withholding and Estimated Tax Table of Contents What's New for 2014 Reminders Introduction Useful Items - You may want to see: Tax Withholding for 2014Salaries and Wages Tips Taxable Fringe Benefits Sick Pay Pensions and Annuities Gambling Winnings Unemployment Compensation Federal Payments Backup Withholding Estimated Tax for 2014Who Does Not Have To Pay Estimated Tax Who Must Pay Estimated Tax How To Figure Estimated Tax When To Pay Estimated Tax How To Figure Each Payment How To Pay Estimated Tax Credit for Withholding and Estimated Tax for 2013Withholding Estimated Tax Underpayment Penalty for 2013 What's New for 2014 Tax law changes for 2014. Tax 1040ez  When you figure how much income tax you want withheld from your pay and when you figure your estimated tax, consider tax law changes effective in 2014. Tax 1040ez For more information, see Publication 505. Tax 1040ez Reminders Estimated tax safe harbor for higher income taxpayers. Tax 1040ez  If your 2013 adjusted gross income was more than $150,000 ($75,000 if you are married filing a separate return), you must pay the smaller of 90% of your expected tax for 2014 or 110% of the tax shown on your 2013 return to avoid an estimated tax penalty. Tax 1040ez Introduction This chapter discusses how to pay your tax as you earn or receive income during the year. Tax 1040ez In general, the federal income tax is a pay-as-you-go tax. Tax 1040ez There are two ways to pay as you go. Tax 1040ez Withholding. Tax 1040ez If you are an employee, your employer probably withholds income tax from your pay. Tax 1040ez Tax also may be withheld from certain other income, such as pensions, bonuses, commissions, and gambling winnings. Tax 1040ez The amount withheld is paid to the IRS in your name. Tax 1040ez Estimated tax. Tax 1040ez If you do not pay your tax through withholding, or do not pay enough tax that way, you may have to pay estimated tax. Tax 1040ez People who are in business for themselves generally will have to pay their tax this way. Tax 1040ez Also, you may have to pay estimated tax if you receive income such as dividends, interest, capital gains, rent, and royalties. Tax 1040ez Estimated tax is used to pay not only income tax, but self-employment tax and alternative minimum tax as well. Tax 1040ez This chapter explains these methods. Tax 1040ez In addition, it also explains the following. Tax 1040ez Credit for withholding and estimated tax. Tax 1040ez When you file your 2013 income tax return, take credit for all the income tax withheld from your salary, wages, pensions, etc. Tax 1040ez , and for the estimated tax you paid for 2013. Tax 1040ez Also take credit for any excess social security or railroad retirement tax withheld (discussed in chapter 37). Tax 1040ez Underpayment penalty. Tax 1040ez If you did not pay enough tax during the year, either through withholding or by making estimated tax payments, you may have to pay a penalty. Tax 1040ez In most cases, the IRS can figure this penalty for you. Tax 1040ez See Underpayment Penalty for 2013 at the end of this chapter. Tax 1040ez Useful Items - You may want to see: Publication 505 Tax Withholding and Estimated Tax Form (and Instructions) W-4 Employee's Withholding Allowance Certificate W-4P Withholding Certificate for Pension or Annuity Payments W-4S Request for Federal Income Tax Withholding From Sick Pay W-4V Voluntary Withholding Request 1040-ES Estimated Tax for Individuals 2210 Underpayment of Estimated Tax by Individuals, Estates, and Trusts 2210-F Underpayment of Estimated Tax by Farmers and Fishermen Tax Withholding for 2014 This section discusses income tax withholding on: Salaries and wages, Tips, Taxable fringe benefits, Sick pay, Pensions and annuities, Gambling winnings, Unemployment compensation, and Certain federal payments. Tax 1040ez This section explains the rules for withholding tax from each of these types of income. Tax 1040ez This section also covers backup withholding on interest, dividends, and other payments. Tax 1040ez Salaries and Wages Income tax is withheld from the pay of most employees. Tax 1040ez Your pay includes your regular pay, bonuses, commissions, and vacation allowances. Tax 1040ez It also includes reimbursements and other expense allowances paid under a nonaccountable plan. Tax 1040ez See Supplemental Wages , later, for more information about reimbursements and allowances paid under a nonaccountable plan. Tax 1040ez If your income is low enough that you will not have to pay income tax for the year, you may be exempt from withholding. Tax 1040ez This is explained under Exemption From Withholding , later. Tax 1040ez You can ask your employer to withhold income tax from noncash wages and other wages not subject to withholding. Tax 1040ez If your employer does not agree to withhold tax, or if not enough is withheld, you may have to pay estimated tax, as discussed later under Estimated Tax for 2014 . Tax 1040ez Military retirees. Tax 1040ez   Military retirement pay is treated in the same manner as regular pay for income tax withholding purposes, even though it is treated as a pension or annuity for other tax purposes. Tax 1040ez Household workers. Tax 1040ez   If you are a household worker, you can ask your employer to withhold income tax from your pay. Tax 1040ez A household worker is an employee who performs household work in a private home, local college club, or local fraternity or sorority chapter. Tax 1040ez   Tax is withheld only if you want it withheld and your employer agrees to withhold it. Tax 1040ez If you do not have enough income tax withheld, you may have to pay estimated tax, as discussed later under Estimated Tax for 2014 . Tax 1040ez Farmworkers. Tax 1040ez   Generally, income tax is withheld from your cash wages for work on a farm unless your employer does both of these: Pays you cash wages of less than $150 during the year, and Has expenditures for agricultural labor totaling less than $2,500 during the year. Tax 1040ez Differential wage payments. Tax 1040ez    When employees are on leave from employment for military duty, some employers make up the difference between the military pay and civilian pay. Tax 1040ez Payments to an employee who is on active duty for a period of more than 30 days will be subject to income tax withholding, but not subject to social security or Medicare taxes. Tax 1040ez The wages and withholding will be reported on Form W-2, Wage and Tax Statement. Tax 1040ez   The credit employers can claim for differential wages paid to activated military reservists is scheduled to expire for wages paid after December 31, 2013. Tax 1040ez Determining Amount of Tax Withheld Using Form W-4 The amount of income tax your employer withholds from your regular pay depends on two things. Tax 1040ez The amount you earn in each payroll period. Tax 1040ez The information you give your employer on Form W-4. Tax 1040ez Form W-4 includes four types of information that your employer will use to figure your withholding. Tax 1040ez Whether to withhold at the single rate or at the lower married rate. Tax 1040ez How many withholding allowances you claim (each allowance reduces the amount withheld). Tax 1040ez Whether you want an additional amount withheld. Tax 1040ez Whether you are claiming an exemption from withholding in 2014. Tax 1040ez See Exemption From Withholding , later. Tax 1040ez Note. Tax 1040ez You must specify a filing status and a number of withholding allowances on Form W-4. Tax 1040ez You cannot specify only a dollar amount of withholding. Tax 1040ez New Job When you start a new job, you must fill out Form W-4 and give it to your employer. Tax 1040ez Your employer should have copies of the form. Tax 1040ez If you need to change the information later, you must fill out a new form. Tax 1040ez If you work only part of the year (for example, you start working after the beginning of the year), too much tax may be withheld. Tax 1040ez You may be able to avoid overwithholding if your employer agrees to use the part-year method. Tax 1040ez See Part-Year Method in chapter 1 of Publication 505 for more information. Tax 1040ez Employee also receiving pension income. Tax 1040ez   If you receive pension or annuity income and begin a new job, you will need to file Form W-4 with your new employer. Tax 1040ez However, you can choose to split your withholding allowances between your pension and job in any manner. Tax 1040ez Changing Your Withholding During the year changes may occur to your marital status, exemptions, adjustments, deductions, or credits you expect to claim on your tax return. Tax 1040ez When this happens, you may need to give your employer a new Form W-4 to change your withholding status or your number of allowances. Tax 1040ez If the changes reduce the number of allowances you are claiming or changes your marital status from married to single, you must give your employer a new Form W-4 within 10 days. Tax 1040ez Generally, you can submit a new Form W-4 whenever you wish to change the number of your withholding allowances for any other reason. Tax 1040ez Changing your withholding for 2015. Tax 1040ez   If events in 2014 will decrease the number of your withholding allowances for 2015, you must give your employer a new Form W-4 by December 1, 2014. Tax 1040ez If the event occurs in December 2014, submit a new Form W-4 within 10 days. Tax 1040ez Checking Your Withholding After you have given your employer a Form W-4, you can check to see whether the amount of tax withheld from your pay is too little or too much. Tax 1040ez If too much or too little tax is being withheld, you should give your employer a new Form W-4 to change your withholding. Tax 1040ez You should try to have your withholding match your actual tax liability. Tax 1040ez If not enough tax is withheld, you will owe tax at the end of the year and may have to pay interest and a penalty. Tax 1040ez If too much tax is withheld, you will lose the use of that money until you get your refund. Tax 1040ez Always check your withholding if there are personal or financial changes in your life or changes in the law that might change your tax liability. Tax 1040ez Note. Tax 1040ez You cannot give your employer a payment to cover withholding on salaries and wages for past pay periods or a payment for estimated tax. Tax 1040ez Completing Form W-4 and Worksheets Form W-4 has worksheets to help you figure how many withholding allowances you can claim. Tax 1040ez The worksheets are for your own records. Tax 1040ez Do not give them to your employer. Tax 1040ez Multiple jobs. Tax 1040ez   If you have income from more than one job at the same time, complete only one set of Form W-4 worksheets. Tax 1040ez Then split your allowances between the Forms W-4 for each job. Tax 1040ez You cannot claim the same allowances with more than one employer at the same time. Tax 1040ez You can claim all your allowances with one employer and none with the other(s), or divide them any other way. Tax 1040ez Married individuals. Tax 1040ez   If both you and your spouse are employed and expect to file a joint return, figure your withholding allowances using your combined income, adjustments, deductions, exemptions, and credits. Tax 1040ez Use only one set of worksheets. Tax 1040ez You can divide your total allowances any way, but you cannot claim an allowance that your spouse also claims. Tax 1040ez   If you and your spouse expect to file separate returns, figure your allowances using separate worksheets based on your own individual income, adjustments, deductions, exemptions, and credits. Tax 1040ez Alternative method of figuring withholding allowances. Tax 1040ez   You do not have to use the Form W-4 worksheets if you use a more accurate method of figuring the number of withholding allowances. Tax 1040ez For more information, see Alternative method of figuring withholding allowances under Completing Form W-4 and Worksheets in Publication 505, chapter 1. Tax 1040ez Personal Allowances Worksheet. Tax 1040ez   Use the Personal Allowances Worksheet on Form W-4 to figure your withholding allowances based on exemptions and any special allowances that apply. Tax 1040ez Deduction and Adjustments Worksheet. Tax 1040ez   Use the Deduction and Adjustments Worksheet on Form W-4 if you plan to itemize your deductions, claim certain credits, or claim adjustments to the income on your 2014 tax return and you want to reduce your withholding. Tax 1040ez Also, complete this worksheet when you have changes to these items to see if you need to change your withholding. Tax 1040ez Two-Earners/Multiple Jobs Worksheet. Tax 1040ez   You may need to complete the Two-Earners/Multiple Jobs Worksheet on Form W-4 if you have more than one job, a working spouse, or are also receiving a pension. Tax 1040ez Also, on this worksheet you can add any additional withholding necessary to cover any amount you expect to owe other than income tax, such as self-employment tax. Tax 1040ez Getting the Right Amount of Tax Withheld In most situations, the tax withheld from your pay will be close to the tax you figure on your return if you follow these two rules. Tax 1040ez You accurately complete all the Form W-4 worksheets that apply to you. Tax 1040ez You give your employer a new Form W-4 when changes occur. Tax 1040ez But because the worksheets and withholding methods do not account for all possible situations, you may not be getting the right amount withheld. Tax 1040ez This is most likely to happen in the following situations. Tax 1040ez You are married and both you and your spouse work. Tax 1040ez You have more than one job at a time. Tax 1040ez You have nonwage income, such as interest, dividends, alimony, unemployment compensation, or self-employment income. Tax 1040ez You will owe additional amounts with your return, such as self-employment tax. Tax 1040ez Your withholding is based on obsolete Form W-4 information for a substantial part of the year. Tax 1040ez Your earnings are more than the amount shown under Check your withholding in the instructions at the top of page 1 of Form W-4. Tax 1040ez You work only part of the year. Tax 1040ez You change the number of your withholding allowances during the year. Tax 1040ez Cumulative wage method. Tax 1040ez   If you change the number of your withholding allowances during the year, too much or too little tax may have been withheld for the period before you made the change. Tax 1040ez You may be able to compensate for this if your employer agrees to use the cumulative wage withholding method for the rest of the year. Tax 1040ez You must ask your employer in writing to use this method. Tax 1040ez   To be eligible, you must have been paid for the same kind of payroll period (weekly, biweekly, etc. Tax 1040ez ) since the beginning of the year. Tax 1040ez Publication 505 To make sure you are getting the right amount of tax withheld, get Publication 505. Tax 1040ez It will help you compare the total tax to be withheld during the year with the tax you can expect to figure on your return. Tax 1040ez It also will help you determine how much, if any, additional withholding is needed each payday to avoid owing tax when you file your return. Tax 1040ez If you do not have enough tax withheld, you may have to pay estimated tax, as explained under Estimated Tax for 2014 , later. Tax 1040ez You can use the IRS Withholding Calculator at www. Tax 1040ez irs. Tax 1040ez gov/Individuals, instead of Publication 505 or the worksheets included with Form W-4, to determine whether you need to have your withholding increased or decreased. Tax 1040ez Rules Your Employer Must Follow It may be helpful for you to know some of the withholding rules your employer must follow. Tax 1040ez These rules can affect how to fill out your Form W-4 and how to handle problems that may arise. Tax 1040ez New Form W-4. Tax 1040ez   When you start a new job, your employer should have you complete a Form W-4. Tax 1040ez Beginning with your first payday, your employer will use the information you give on the form to figure your withholding. Tax 1040ez   If you later fill out a new Form W-4, your employer can put it into effect as soon as possible. Tax 1040ez The deadline for putting it into effect is the start of the first payroll period ending 30 or more days after you turn it in. Tax 1040ez No Form W-4. Tax 1040ez   If you do not give your employer a completed Form W-4, your employer must withhold at the highest rate, as if you were single and claimed no withholding allowances. Tax 1040ez Repaying withheld tax. Tax 1040ez   If you find you are having too much tax withheld because you did not claim all the withholding allowances you are entitled to, you should give your employer a new Form W-4. Tax 1040ez Your employer cannot repay any of the tax previously withheld. Tax 1040ez Instead, claim the full amount withheld when you file your tax return. Tax 1040ez   However, if your employer has withheld more than the correct amount of tax for the Form W-4 you have in effect, you do not have to fill out a new Form W-4 to have your withholding lowered to the correct amount. Tax 1040ez Your employer can repay the amount that was withheld incorrectly. Tax 1040ez If you are not repaid, your Form W-2 will reflect the full amount actually withheld, which you would claim when you file your tax return. Tax 1040ez Exemption From Withholding If you claim exemption from withholding, your employer will not withhold federal income tax from your wages. Tax 1040ez The exemption applies only to income tax, not to social security or Medicare tax. Tax 1040ez You can claim exemption from withholding for 2014 only if both of the following situations apply. Tax 1040ez For 2013 you had a right to a refund of all federal income tax withheld because you had no tax liability. Tax 1040ez For 2014 you expect a refund of all federal income tax withheld because you expect to have no tax liability. Tax 1040ez Students. Tax 1040ez   If you are a student, you are not automatically exempt. Tax 1040ez See chapter 1 to find out if you must file a return. Tax 1040ez If you work only part time or only during the summer, you may qualify for exemption from withholding. Tax 1040ez Age 65 or older or blind. Tax 1040ez   If you are 65 or older or blind, use Worksheet 1-3 or 1-4 in chapter 1 of Publication 505, to help you decide if you qualify for exemption from withholding. Tax 1040ez Do not use either worksheet if you will itemize deductions, claim exemptions for dependents, or claim tax credits on your 2014 return. Tax 1040ez Instead, see Itemizing deductions or claiming exemptions or credits in chapter 1 of Publication 505. Tax 1040ez Claiming exemption from withholding. Tax 1040ez   To claim exemption, you must give your employer a Form W-4. Tax 1040ez Do not complete lines 5 and 6. Tax 1040ez Enter “Exempt” on line 7. Tax 1040ez   If you claim exemption, but later your situation changes so that you will have to pay income tax after all, you must file a new Form W-4 within 10 days after the change. Tax 1040ez If you claim exemption in 2014, but you expect to owe income tax for 2015, you must file a new Form W-4 by December 1, 2014. Tax 1040ez   Your claim of exempt status may be reviewed by the IRS. Tax 1040ez An exemption is good for only 1 year. Tax 1040ez   You must give your employer a new Form W-4 by February 15 each year to continue your exemption. Tax 1040ez Supplemental Wages Supplemental wages include bonuses, commissions, overtime pay, vacation allowances, certain sick pay, and expense allowances under certain plans. Tax 1040ez The payer can figure withholding on supplemental wages using the same method used for your regular wages. Tax 1040ez However, if these payments are identified separately from your regular wages, your employer or other payer of supplemental wages can withhold income tax from these wages at a flat rate. Tax 1040ez Expense allowances. Tax 1040ez   Reimbursements or other expense allowances paid by your employer under a nonaccountable plan are treated as supplemental wages. Tax 1040ez   Reimbursements or other expense allowances paid under an accountable plan that are more than your proven expenses are treated as paid under a nonaccountable plan if you do not return the excess payments within a reasonable period of time. Tax 1040ez   For more information about accountable and nonaccountable expense allowance plans, see Reimbursements in chapter 26. Tax 1040ez Penalties You may have to pay a penalty of $500 if both of the following apply. Tax 1040ez You make statements or claim withholding allowances on your Form W-4 that reduce the amount of tax withheld. Tax 1040ez You have no reasonable basis for those statements or allowances at the time you prepare your Form W-4. Tax 1040ez There is also a criminal penalty for willfully supplying false or fraudulent information on your Form W-4 or for willfully failing to supply information that would increase the amount withheld. Tax 1040ez The penalty upon conviction can be either a fine of up to $1,000 or imprisonment for up to 1 year, or both. Tax 1040ez These penalties will apply if you deliberately and knowingly falsify your Form W-4 in an attempt to reduce or eliminate the proper withholding of taxes. Tax 1040ez A simple error or an honest mistake will not result in one of these penalties. Tax 1040ez For example, a person who has tried to figure the number of withholding allowances correctly, but claims seven when the proper number is six, will not be charged a W-4 penalty. Tax 1040ez Tips The tips you receive while working on your job are considered part of your pay. Tax 1040ez You must include your tips on your tax return on the same line as your regular pay. Tax 1040ez However, tax is not withheld directly from tip income, as it is from your regular pay. Tax 1040ez Nevertheless, your employer will take into account the tips you report when figuring how much to withhold from your regular pay. Tax 1040ez See chapter 6 for information on reporting your tips to your employer. Tax 1040ez For more information on the withholding rules for tip income, see Publication 531, Reporting Tip Income. Tax 1040ez How employer figures amount to withhold. Tax 1040ez   The tips you report to your employer are counted as part of your income for the month you report them. Tax 1040ez Your employer can figure your withholding in either of two ways. Tax 1040ez By withholding at the regular rate on the sum of your pay plus your reported tips. Tax 1040ez By withholding at the regular rate on your pay plus a percentage of your reported tips. Tax 1040ez Not enough pay to cover taxes. Tax 1040ez   If your regular pay is not enough for your employer to withhold all the tax (including income tax and social security and Medicare taxes (or the equivalent railroad retirement tax)) due on your pay plus your tips, you can give your employer money to cover the shortage. Tax 1040ez See Giving your employer money for taxes in chapter 6. Tax 1040ez Allocated tips. Tax 1040ez   Your employer should not withhold income tax, Medicare tax, social security tax, or railroad retirement tax on any allocated tips. Tax 1040ez Withholding is based only on your pay plus your reported tips. Tax 1040ez Your employer should refund to you any incorrectly withheld tax. Tax 1040ez See Allocated Tips in chapter 6 for more information. Tax 1040ez Taxable Fringe Benefits The value of certain noncash fringe benefits you receive from your employer is considered part of your pay. Tax 1040ez Your employer generally must withhold income tax on these benefits from your regular pay. Tax 1040ez For information on fringe benefits, see Fringe Benefits under Employee Compensation in chapter 5. Tax 1040ez Although the value of your personal use of an employer-provided car, truck, or other highway motor vehicle is taxable, your employer can choose not to withhold income tax on that amount. Tax 1040ez Your employer must notify you if this choice is made. Tax 1040ez For more information on withholding on taxable fringe benefits, see chapter 1 of Publication 505. Tax 1040ez Sick Pay Sick pay is a payment to you to replace your regular wages while you are temporarily absent from work due to sickness or personal injury. Tax 1040ez To qualify as sick pay, it must be paid under a plan to which your employer is a party. Tax 1040ez If you receive sick pay from your employer or an agent of your employer, income tax must be withheld. Tax 1040ez An agent who does not pay regular wages to you may choose to withhold income tax at a flat rate. Tax 1040ez However, if you receive sick pay from a third party who is not acting as an agent of your employer, income tax will be withheld only if you choose to have it withheld. Tax 1040ez See Form W-4S , later. Tax 1040ez If you receive payments under a plan in which your employer does not participate (such as an accident or health plan where you paid all the premiums), the payments are not sick pay and usually are not taxable. Tax 1040ez Union agreements. Tax 1040ez   If you receive sick pay under a collective bargaining agreement between your union and your employer, the agreement may determine the amount of income tax withholding. Tax 1040ez See your union representative or your employer for more information. Tax 1040ez Form W-4S. Tax 1040ez   If you choose to have income tax withheld from sick pay paid by a third party, such as an insurance company, you must fill out Form W-4S. Tax 1040ez Its instructions contain a worksheet you can use to figure the amount you want withheld. Tax 1040ez They also explain restrictions that may apply. Tax 1040ez   Give the completed form to the payer of your sick pay. Tax 1040ez The payer must withhold according to your directions on the form. Tax 1040ez Estimated tax. Tax 1040ez   If you do not request withholding on Form W-4S, or if you do not have enough tax withheld, you may have to make estimated tax payments. Tax 1040ez If you do not pay enough tax, either through estimated tax or withholding, or a combination of both, you may have to pay a penalty. Tax 1040ez See Underpayment Penalty for 2013 at the end of this chapter. Tax 1040ez Pensions and Annuities Income tax usually will be withheld from your pension or annuity distributions unless you choose not to have it withheld. Tax 1040ez This rule applies to distributions from: A traditional individual retirement arrangement (IRA); A life insurance company under an endowment, annuity, or life insurance contract; A pension, annuity, or profit-sharing plan; A stock bonus plan; and Any other plan that defers the time you receive compensation. Tax 1040ez The amount withheld depends on whether you receive payments spread out over more than 1 year (periodic payments), within 1 year (nonperiodic payments), or as an eligible rollover distribution (ERD). Tax 1040ez Income tax withholding from an ERD is mandatory. Tax 1040ez More information. Tax 1040ez   For more information on taxation of annuities and distributions (including ERDs) from qualified retirement plans, see chapter 10. Tax 1040ez For information on IRAs, see chapter 17. Tax 1040ez For more information on withholding on pensions and annuities, including a discussion of Form W-4P, see Pensions and Annuities in chapter 1 of Publication 505. Tax 1040ez Gambling Winnings Income tax is withheld at a flat 25% rate from certain kinds of gambling winnings. Tax 1040ez Gambling winnings of more than $5,000 from the following sources are subject to income tax withholding. Tax 1040ez Any sweepstakes; wagering pool, including payments made to winners of poker tournaments; or lottery. Tax 1040ez Any other wager, if the proceeds are at least 300 times the amount of the bet. Tax 1040ez It does not matter whether your winnings are paid in cash, in property, or as an annuity. Tax 1040ez Winnings not paid in cash are taken into account at their fair market value. Tax 1040ez Exception. Tax 1040ez   Gambling winnings from bingo, keno, and slot machines generally are not subject to income tax withholding. Tax 1040ez However, you may need to provide the payer with a social security number to avoid withholding. Tax 1040ez See Backup withholding on gambling winnings in chapter 1 of Publication 505. Tax 1040ez If you receive gambling winnings not subject to withholding, you may need to pay estimated tax. Tax 1040ez See Estimated Tax for 2014 , later. Tax 1040ez If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty. Tax 1040ez See Underpayment Penalty for 2013 at the end of this chapter. Tax 1040ez Form W-2G. Tax 1040ez   If a payer withholds income tax from your gambling winnings, you should receive a Form W-2G, Certain Gambling Winnings, showing the amount you won and the amount withheld. Tax 1040ez Report the tax withheld on line 62 of Form 1040. Tax 1040ez Unemployment Compensation You can choose to have income tax withheld from unemployment compensation. Tax 1040ez To make this choice, fill out Form W-4V (or a similar form provided by the payer) and give it to the payer. Tax 1040ez All unemployment compensation is taxable. Tax 1040ez So, if you do not have income tax withheld, you may have to pay estimated tax. Tax 1040ez See Estimated Tax for 2014 , later. Tax 1040ez If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty. Tax 1040ez For information, see Underpayment Penalty for 2013 at the end of this chapter. Tax 1040ez Federal Payments You can choose to have income tax withheld from certain federal payments you receive. Tax 1040ez These payments are: Social security benefits, Tier 1 railroad retirement benefits, Commodity credit corporation loans you choose to include in your gross income, Payments under the Agricultural Act of 1949 (7 U. Tax 1040ez S. Tax 1040ez C. Tax 1040ez 1421 et. Tax 1040ez seq. Tax 1040ez ), as amended, or title II of the Disaster Assistance Act of 1988, that are treated as insurance proceeds and that you receive because: Your crops were destroyed or damaged by drought, flood, or any other natural disaster, or You were unable to plant crops because of a natural disaster described in (a), and Any other payment under Federal law as determined by the Secretary. Tax 1040ez To make this choice, fill out Form W-4V (or a similar form provided by the payer) and give it to the payer. Tax 1040ez If you do not choose to have income tax withheld, you may have to pay estimated tax. Tax 1040ez See Estimated Tax for 2014 , later. Tax 1040ez If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty. Tax 1040ez For information, see Underpayment Penalty for 2013 at the end of this chapter. Tax 1040ez More information. Tax 1040ez   For more information about the tax treatment of social security and railroad retirement benefits, see chapter 11. Tax 1040ez Get Publication 225, Farmer's Tax Guide, for information about the tax treatment of commodity credit corporation loans or crop disaster payments. Tax 1040ez Backup Withholding Banks or other businesses that pay you certain kinds of income must file an information return (Form 1099) with the IRS. Tax 1040ez The information return shows how much you were paid during the year. Tax 1040ez It also includes your name and taxpayer identification number (TIN). Tax 1040ez TINs are explained in chapter 1 under Social Security Number (SSN) . Tax 1040ez These payments generally are not subject to withholding. Tax 1040ez However, “backup” withholding is required in certain situations. Tax 1040ez Backup withholding can apply to most kinds of payments that are reported on Form 1099. Tax 1040ez The payer must withhold at a flat 28% rate in the following situations. Tax 1040ez You do not give the payer your TIN in the required manner. Tax 1040ez The IRS notifies the payer that the TIN you gave is incorrect. Tax 1040ez You are required, but fail, to certify that you are not subject to backup withholding. Tax 1040ez The IRS notifies the payer to start withholding on interest or dividends because you have underreported interest or dividends on your income tax return. Tax 1040ez The IRS will do this only after it has mailed you four notices over at least a 210-day period. Tax 1040ez See Backup Withholding in chapter 1 of Publication 505 for more information. Tax 1040ez Penalties. Tax 1040ez   There are civil and criminal penalties for giving false information to avoid backup withholding. Tax 1040ez The civil penalty is $500. Tax 1040ez The criminal penalty, upon conviction, is a fine of up to $1,000 or imprisonment of up to 1 year, or both. Tax 1040ez Estimated Tax for 2014 Estimated tax is the method used to pay tax on income that is not subject to withholding. Tax 1040ez This includes income from self-employment, interest, dividends, alimony, rent, gains from the sale of assets, prizes, and awards. Tax 1040ez You also may have to pay estimated tax if the amount of income tax being withheld from your salary, pension, or other income is not enough. Tax 1040ez Estimated tax is used to pay both income tax and self-employment tax, as well as other taxes and amounts reported on your tax return. Tax 1040ez If you do not pay enough tax, either through withholding or estimated tax, or a combination of both, you may have to pay a penalty. Tax 1040ez If you do not pay enough by the due date of each payment period (see When To Pay Estimated Tax , later), you may be charged a penalty even if you are due a refund when you file your tax return. Tax 1040ez For information on when the penalty applies, see Underpayment Penalty for 2013 at the end of this chapter. Tax 1040ez Who Does Not Have To Pay Estimated Tax If you receive salaries or wages, you can avoid having to pay estimated tax by asking your employer to take more tax out of your earnings. Tax 1040ez To do this, give a new Form W-4 to your employer. Tax 1040ez See chapter 1 of Publication 505. Tax 1040ez Estimated tax not required. Tax 1040ez   You do not have to pay estimated tax for 2014 if you meet all three of the following conditions. Tax 1040ez You had no tax liability for 2013. Tax 1040ez You were a U. Tax 1040ez S. Tax 1040ez citizen or resident alien for the whole year. Tax 1040ez Your 2013 tax year covered a 12-month period. Tax 1040ez   You had no tax liability for 2013 if your total tax was zero or you did not have to file an income tax return. Tax 1040ez For the definition of “total tax” for 2013, see Publication 505, chapter 2. Tax 1040ez Who Must Pay Estimated Tax If you owe additional tax for 2013, you may have to pay estimated tax for 2014. Tax 1040ez You can use the following general rule as a guide during the year to see if you will have enough withholding, or if you should increase your withholding or make estimated tax payments. Tax 1040ez General rule. Tax 1040ez   In most cases, you must pay estimated tax for 2014 if both of the following apply. Tax 1040ez You expect to owe at least $1,000 in tax for 2014, after subtracting your withholding and refundable credits. Tax 1040ez You expect your withholding plus your refundable credits to be less than the smaller of: 90% of the tax to be shown on your 2014 tax return, or 100% of the tax shown on your 2013 tax return (but see Special rules for farmers, fishermen, and higher income taxpayers, later). Tax 1040ez Your 2013 tax return must cover all 12 months. Tax 1040ez    If the result from using the general rule above suggests that you will not have enough withholding, complete the 2014 Estimated Tax Worksheet in Publication 505 for a more accurate calculation. Tax 1040ez Special rules for farmers, fishermen, and higher income taxpayers. Tax 1040ez   If at least two-thirds of your gross income for tax year 2013 or 2014 is from farming or fishing, substitute 662/3% for 90% in (2a) under the General rule, earlier. Tax 1040ez If your AGI for 2013 was more than $150,000 ($75,000 if your filing status for 2014 is married filing a separate return), substitute 110% for 100% in (2b) under General rule , earlier. Tax 1040ez See Figure 4-A and Publication 505, chapter 2 for more information. Tax 1040ez Figure 4-A. Tax 1040ez Do You Have To Pay Estimated Tax? Please click here for the text description of the image. Tax 1040ez Figure 4-A Do You Have To Pay Estimated Tax? Aliens. Tax 1040ez   Resident and nonresident aliens also may have to pay estimated tax. Tax 1040ez Resident aliens should follow the rules in this chapter unless noted otherwise. Tax 1040ez Nonresident aliens should get Form 1040-ES (NR), U. Tax 1040ez S. Tax 1040ez Estimated Tax for Nonresident Alien Individuals. Tax 1040ez   You are an alien if you are not a citizen or national of the United States. Tax 1040ez You are a resident alien if you either have a green card or meet the substantial presence test. Tax 1040ez For more information about the substantial presence test, see Publication 519, U. Tax 1040ez S. Tax 1040ez Tax Guide for Aliens. Tax 1040ez Married taxpayers. Tax 1040ez   If you qualify to make joint estimated tax payments, apply the rules discussed here to your joint estimated income. Tax 1040ez   You and your spouse can make joint estimated tax payments even if you are not living together. Tax 1040ez   However, you and your spouse cannot make joint estimated tax payments if:  You are legally separated under a decree of divorce or separate maintenance, You and your spouse have different tax years, or Either spouse is a nonresident alien (unless that spouse elected to be treated as a resident alien for tax purposes (see chapter 1 of Publication 519)). Tax 1040ez   If you do not qualify to make joint estimated tax payments, apply these rules to your separate estimated income. Tax 1040ez Making joint or separate estimated tax payments will not affect your choice of filing a joint tax return or separate returns for 2014. Tax 1040ez 2013 separate returns and 2014 joint return. Tax 1040ez   If you plan to file a joint return with your spouse for 2014, but you filed separate returns for 2013, your 2013 tax is the total of the tax shown on your separate returns. Tax 1040ez You filed a separate return if you filed as single, head of household, or married filing separately. Tax 1040ez 2013 joint return and 2014 separate returns. Tax 1040ez   If you plan to file a separate return for 2014 but you filed a joint return for 2013, your 2013 tax is your share of the tax on the joint return. Tax 1040ez You file a separate return if you file as single, head of household, or married filing separately. Tax 1040ez   To figure your share of the tax on the joint return, first figure the tax both you and your spouse would have paid had you filed separate returns for 2013 using the same filing status as for 2014. Tax 1040ez Then multiply the tax on the joint return by the following fraction. Tax 1040ez     The tax you would have paid had you filed a separate return   The total tax you and your spouse would have paid had you filed separate returns Example. Tax 1040ez Joe and Heather filed a joint return for 2013 showing taxable income of $48,500 and a tax of $6,386. Tax 1040ez Of the $48,500 taxable income, $40,100 was Joe's and the rest was Heather's. Tax 1040ez For 2014, they plan to file married filing separately. Tax 1040ez Joe figures his share of the tax on the 2013 joint return as follows. Tax 1040ez   Tax on $40,100 based on a separate return $5,960     Tax on $8,400 based on a separate return 843     Total $6,803     Joe's percentage of total ($5,960 ÷ $6,803) 87. Tax 1040ez 6%     Joe's share of tax on joint return  ($6,386 × 87. Tax 1040ez 6%) $5,594   How To Figure Estimated Tax To figure your estimated tax, you must figure your expected adjusted gross income (AGI), taxable income, taxes, deductions, and credits for the year. Tax 1040ez When figuring your 2014 estimated tax, it may be helpful to use your income, deductions, and credits for 2013 as a starting point. Tax 1040ez Use your 2013 federal tax return as a guide. Tax 1040ez You can use Form 1040-ES and Publication 505 to figure your estimated tax. Tax 1040ez Nonresident aliens use Form 1040-ES (NR) and Publication 505 to figure estimated tax (see chapter 8 of Publication 519 for more information). Tax 1040ez You must make adjustments both for changes in your own situation and for recent changes in the tax law. Tax 1040ez For a discussion of these changes, visit IRS. Tax 1040ez gov. Tax 1040ez For more complete information on how to figure your estimated tax for 2014, see chapter 2 of Publication 505. Tax 1040ez When To Pay Estimated Tax For estimated tax purposes, the tax year is divided into four payment periods. Tax 1040ez Each period has a specific payment due date. Tax 1040ez If you do not pay enough tax by the due date of each payment period, you may be charged a penalty even if you are due a refund when you file your income tax return. Tax 1040ez The payment periods and due dates for estimated tax payments are shown next. Tax 1040ez   For the period: Due date:*     Jan. Tax 1040ez 1 – March 31 April 15     April 1 – May 31 June 16     June 1 – August 31 Sept. Tax 1040ez 15     Sept. Tax 1040ez 1– Dec. Tax 1040ez 31 Jan. Tax 1040ez 15, next year     *See Saturday, Sunday, holiday rule and January payment . Tax 1040ez Saturday, Sunday, holiday rule. Tax 1040ez   If the due date for an estimated tax payment falls on a Saturday, Sunday, or legal holiday, the payment will be on time if you make it on the next day that is not a Saturday, Sunday, or legal holiday. Tax 1040ez January payment. Tax 1040ez   If you file your 2014 Form 1040 or Form 1040A by January 31, 2015, and pay the rest of the tax you owe, you do not need to make the payment due on January 15, 2015. Tax 1040ez Fiscal year taxpayers. Tax 1040ez   If your tax year does not start on January 1, see the Form 1040-ES instructions for your payment due dates. Tax 1040ez When To Start You do not have to make estimated tax payments until you have income on which you will owe income tax. Tax 1040ez If you have income subject to estimated tax during the first payment period, you must make your first payment by the due date for the first payment period. Tax 1040ez You can pay all your estimated tax at that time, or you can pay it in installments. Tax 1040ez If you choose to pay in installments, make your first payment by the due date for the first payment period. Tax 1040ez Make your remaining installment payments by the due dates for the later periods. Tax 1040ez No income subject to estimated tax during first period. Tax 1040ez    If you do not have income subject to estimated tax until a later payment period, you must make your first payment by the due date for that period. Tax 1040ez You can pay your entire estimated tax by the due date for that period or you can pay it in installments by the due date for that period and the due dates for the remaining periods. Tax 1040ez The following chart shows when to make installment payments. Tax 1040ez If you first have income on which you must pay estimated tax: Make a payment  by:* Make later installments by:* Before April 1 April 15 June 16 Sept. Tax 1040ez 15 Jan. Tax 1040ez 15 next year April 1–May 31 June 16 Sept. Tax 1040ez 15 Jan. Tax 1040ez 15 next year June 1–Aug. Tax 1040ez 31 Sept. Tax 1040ez 15 Jan. Tax 1040ez 15 next year After Aug. Tax 1040ez 31 Jan. Tax 1040ez 15 next year (None) *See Saturday, Sunday, holiday rule and January payment . Tax 1040ez How much to pay to avoid a penalty. Tax 1040ez   To determine how much you should pay by each payment due date, see How To Figure Each Payment, next. Tax 1040ez How To Figure Each Payment You should pay enough estimated tax by the due date of each payment period to avoid a penalty for that period. Tax 1040ez You can figure your required payment for each period by using either the regular installment method or the annualized income installment method. Tax 1040ez These methods are described in chapter 2 of Publication 505. Tax 1040ez If you do not pay enough during each payment period, you may be charged a penalty even if you are due a refund when you file your tax return. Tax 1040ez If the earlier discussion of No income subject to estimated tax during first period or the later discussion of Change in estimated tax applies to you, you may benefit from reading Annualized Income Installment Method in chapter 2 of Publication 505 for information on how to avoid a penalty. Tax 1040ez Underpayment penalty. Tax 1040ez   Under the regular installment method, if your estimated tax payment for any period is less than one-fourth of your estimated tax, you may be charged a penalty for underpayment of estimated tax for that period when you file your tax return. Tax 1040ez Under the annualized income installment method, your estimated tax payments vary with your income, but the amount required must be paid each period. Tax 1040ez See chapter 4 of Publication 505 for more information. Tax 1040ez Change in estimated tax. Tax 1040ez   After you make an estimated tax payment, changes in your income, adjustments, deductions, credits, or exemptions may make it necessary for you to refigure your estimated tax. Tax 1040ez Pay the unpaid balance of your amended estimated tax by the next payment due date after the change or in installments by that date and the due dates for the remaining payment periods. Tax 1040ez Estimated Tax Payments Not Required You do not have to pay estimated tax if your withholding in each payment period is at least as much as: One-fourth of your required annual payment, or Your required annualized income installment for that period. Tax 1040ez You also do not have to pay estimated tax if you will pay enough through withholding to keep the amount you owe with your return under $1,000. Tax 1040ez How To Pay Estimated Tax There are several ways to pay estimated tax. Tax 1040ez Credit an overpayment on your 2013 return to your 2014 estimated tax. Tax 1040ez Pay by direct transfer from your bank account, or pay by credit or debit card using a pay-by-phone system or the Internet. Tax 1040ez Send in your payment (check or money order) with a payment voucher from Form 1040-ES. Tax 1040ez Credit an Overpayment If you show an overpayment of tax after completing your Form 1040 or Form 1040A for 2013, you can apply part or all of it to your estimated tax for 2014. Tax 1040ez On line 75 of Form 1040, or line 44 of Form 1040A, enter the amount you want credited to your estimated tax rather than refunded. Tax 1040ez Take the amount you have credited into account when figuring your estimated tax payments. Tax 1040ez You cannot have any of the amount you credited to your estimated tax refunded to you until you file your tax return for the following year. Tax 1040ez You also cannot use that overpayment in any other way. Tax 1040ez Pay Online Paying online is convenient and secure and helps make sure we get your payments on time. Tax 1040ez You can pay using either of the following electronic payment methods. Tax 1040ez Direct transfer from your bank account. Tax 1040ez Credit or debit card. Tax 1040ez To pay your taxes online or for more information, go to www. Tax 1040ez irs. Tax 1040ez gov/e-pay. Tax 1040ez Pay by Phone Paying by phone is another safe and secure method of paying electronically. Tax 1040ez Use one of the following methods. Tax 1040ez Direct transfer from your bank account. Tax 1040ez Credit or debit card. Tax 1040ez To pay by direct transfer from your bank account, call 1-800-555-4477 (English), 1-800-244-4829 (Espanol). Tax 1040ez People who are deaf, hard of hearing, or have a speech disability and who have access to TTY/TDD can call 1-800-733-4829. Tax 1040ez To pay using a credit or debit card, you can call one of the following service providers. Tax 1040ez There is a convenience fee charged by these providers that varies by provider, card type, and payment amount. Tax 1040ez WorldPay 1-888-9-PAY-TAXTM(1-888-972-9829) www. Tax 1040ez payUSAtax. Tax 1040ez com Official Payments Corporation 1-888-UPAY-TAXTM (1-888-872-9829) www. Tax 1040ez officialpayments. Tax 1040ez com Link2Gov Corporation 1-888-PAY-1040TM (1-888-729-1040) www. Tax 1040ez PAY1040. Tax 1040ez com For the latest details on how to pay by phone, go to www. Tax 1040ez irs. Tax 1040ez gov/e-pay. Tax 1040ez Pay by Check or Money Order Using the Estimated Tax Payment Voucher Each payment of estimated tax by check or money order must be accompanied by a payment voucher from Form 1040-ES. Tax 1040ez During 2013, if you: made at least one estimated tax payment but not by electronic means, did not use software or a paid preparer to prepare or file your return,  then you should receive a copy of the 2014 Form 1040-ES/V. Tax 1040ez The enclosed payment vouchers will be preprinted with your name, address, and social security number. Tax 1040ez Using the preprinted vouchers will speed processing, reduce the chance of error, and help save processing costs. Tax 1040ez Use the window envelopes that came with your Form 1040-ES package. Tax 1040ez If you use your own envelopes, make sure you mail your payment vouchers to the address shown in the Form 1040-ES instructions for the place where you live. Tax 1040ez Note. Tax 1040ez These criteria can change without notice. Tax 1040ez If you do not receive a Form 1040-ES/V package and you are required to make an estimated tax payment, you should go to www. Tax 1040ez irs. Tax 1040ez gov and print a copy of Form 1040-ES which includes four blank payment vouchers. Tax 1040ez Complete one of these and make your payment timely to avoid penalties for paying late. Tax 1040ez Do not use the address shown in the Form 1040 or Form 1040A instructions for your estimated tax payments. Tax 1040ez If you did not pay estimated tax last year, you can order Form 1040-ES from the IRS (see inside back cover of this publication) or download it from IRS. Tax 1040ez gov. Tax 1040ez Follow the instructions to make sure you use the vouchers correctly. Tax 1040ez Joint estimated tax payments. Tax 1040ez   If you file a joint return and are making joint estimated tax payments, enter the names and social security numbers on the payment voucher in the same order as they will appear on the joint return. Tax 1040ez Change of address. Tax 1040ez   You must notify the IRS if you are making estimated tax payments and you changed your address during the year. Tax 1040ez Complete Form 8822, Change of Address, and mail it to the address shown in the instructions for that form. Tax 1040ez Credit for Withholding and Estimated Tax for 2013 When you file your 2013 income tax return, take credit for all the income tax and excess social security or railroad retirement tax withheld from your salary, wages, pensions, etc. Tax 1040ez Also take credit for the estimated tax you paid for 2013. Tax 1040ez These credits are subtracted from your total tax. Tax 1040ez Because these credits are refundable, you should file a return and claim these credits, even if you do not owe tax. Tax 1040ez Two or more employers. Tax 1040ez   If you had two or more employers in 2013 and were paid wages of more than $113,700, too much social security or tier 1 railroad retirement tax may have been withheld from your pay. Tax 1040ez You may be able to claim the excess as a credit against your income tax when you file your return. Tax 1040ez See Credit for Excess Social Security Tax or Railroad Retirement Tax Withheld in chapter 37. Tax 1040ez Withholding If you had income tax withheld during 2013, you should be sent a statement by January 31, 2014, showing your income and the tax withheld. Tax 1040ez Depending on the source of your income, you should receive: Form W-2, Wage and Tax Statement, Form W-2G, Certain Gambling Winnings, or A form in the 1099 series. Tax 1040ez Forms W-2 and W-2G. Tax 1040ez   If you file a paper return, always file Form W-2 with your income tax return. Tax 1040ez File Form W-2G with your return only if it shows any federal income tax withheld from your winnings. Tax 1040ez   You should get at least two copies of each form. Tax 1040ez If you file a paper return, attach one copy to the front of your federal income tax return. Tax 1040ez Keep one copy for your records. Tax 1040ez You also should receive copies to file with your state and local returns. Tax 1040ez Form W-2 Your employer is required to provide or send Form W-2 to you no later than January 31, 2014. Tax 1040ez You should receive a separate Form W-2 from each employer you worked for. Tax 1040ez If you stopped working before the end of 2013, your employer could have given you your Form W-2 at any time after you stopped working. Tax 1040ez However, your employer must provide or send it to you by January 31, 2014. Tax 1040ez If you ask for the form, your employer must send it to you within 30 days after receiving your written request or within 30 days after your final wage payment, whichever is later. Tax 1040ez If you have not received your Form W-2 by January 31, you should ask your employer for it. Tax 1040ez If you do not receive it by February 15, call the IRS. Tax 1040ez Form W-2 shows your total pay and other compensation and the income tax, social security tax, and Medicare tax that was withheld during the year. Tax 1040ez Include the federal income tax withheld (as shown in box 2 of Form W-2) on: Line 62 if you file Form 1040, Line 36 if you file Form 1040A, or Line 7 if you file Form 1040EZ. Tax 1040ez In addition, Form W-2 is used to report any taxable sick pay you received and any income tax withheld from your sick pay. Tax 1040ez Form W-2G If you had gambling winnings in 2013, the payer may have withheld income tax. Tax 1040ez If tax was withheld, the payer will give you a Form W-2G showing the amount you won and the amount of tax withheld. Tax 1040ez Report the amounts you won on line 21 of Form 1040. Tax 1040ez Take credit for the tax withheld on line 62 of Form 1040. Tax 1040ez If you had gambling winnings, you must use Form 1040; you cannot use Form 1040A or Form 1040EZ. Tax 1040ez The 1099 Series Most forms in the 1099 series are not filed with your return. Tax 1040ez These forms should be furnished to you by January 31, 2014 (or, for Forms 1099-B, 1099-S, and certain Forms 1099-MISC, by February 15, 2014). Tax 1040ez Unless instructed to file any of these forms with your return, keep them for your records. Tax 1040ez There are several different forms in this series, including: Form 1099-B, Proceeds From Broker and Barter Exchange Transactions; Form 1099-DIV, Dividends and Distributions; Form 1099-G, Certain Government Payments; Form 1099-INT, Interest Income; Form 1099-K, Payment Card and Third Party Network Transactions; Form 1099-MISC, Miscellaneous Income; Form 1099-OID, Original Issue Discount; Form 1099-PATR, Taxable Distributions Received from Cooperatives; Form 1099-Q, Payments From Qualified Education Programs; Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Tax 1040ez ; Form 1099-S, Proceeds From Real Estate Transactions; Form RRB-1099, Payments by the Railroad Retirement Board. Tax 1040ez If you received the types of income reported on some forms in the 1099 series, you may not be able to use Form 1040A or Form 1040EZ. Tax 1040ez See the instructions to these forms for details. Tax 1040ez Form 1099-R. Tax 1040ez   Attach Form 1099-R to your paper return if box 4 shows federal income tax withheld. Tax 1040ez Include the amount withheld in the total on line 62 of Form 1040 or line 36 of Form 1040A. Tax 1040ez You cannot use Form 1040EZ if you received payments reported on Form 1099-R. Tax 1040ez Backup withholding. Tax 1040ez   If you were subject to backup withholding on income you received during 2013, include the amount withheld, as shown on your Form 1099, in the total on line 62 of Form 1040, line 36 of Form 1040A, or line 7 of Form 1040EZ. Tax 1040ez Form Not Correct If you receive a form with incorrect information on it, you should ask the payer for a corrected form. Tax 1040ez Call the telephone number or write to the address given for the payer on the form. Tax 1040ez The corrected Form W-2G or Form 1099 you receive will have an “X” in the “CORRECTED” box at the top of the form. Tax 1040ez A special form, Form W-2c, Corrected Wage and Tax Statement, is used to correct a Form W-2. Tax 1040ez In certain situations, you will receive two forms in place of the original incorrect form. Tax 1040ez This will happen when your taxpayer identification number is wrong or missing, your name and address are wrong, or you received the wrong type of form (for example, a Form 1099-DIV instead of a Form 1099-INT). Tax 1040ez One new form you receive will be the same incorrect form or have the same incorrect information, but all money amounts will be zero. Tax 1040ez This form will have an “X” in the “CORRECTED” box at the top of the form. Tax 1040ez The second new form should have all the correct information, prepared as though it is the original (the “CORRECTED” box will not be checked). Tax 1040ez Form Received After Filing If you file your return and you later receive a form for income that you did not include on your return, you should report the income and take credit for any income tax withheld by filing Form 1040X, Amended U. Tax 1040ez S. Tax 1040ez Individual Income Tax Return. Tax 1040ez Separate Returns If you are married but file a separate return, you can take credit only for the tax withheld from your own income. Tax 1040ez Do not include any amount withheld from your spouse's income. Tax 1040ez However, different rules may apply if you live in a community property state. Tax 1040ez Community property states are listed in chapter 2. Tax 1040ez For more information on these rules, and some exceptions, see Publication 555, Community Property. Tax 1040ez Fiscal Years If you file your tax return on the basis of a fiscal year (a 12-month period ending on the last day of any month except December), you must follow special rules to determine your credit for federal income tax withholding. Tax 1040ez For a discussion of how to take credit for withholding on a fiscal year return, see Fiscal Years (FY) in chapter 3 of Publication 505. Tax 1040ez Estimated Tax Take credit for all your estimated tax payments for 2013 on line 63 of Form 1040 or line 37 of Form 1040A. Tax 1040ez Include any overpayment from 2012 that you had credited to your 2013 estimated tax. Tax 1040ez You must use Form 1040 or Form 1040A if you paid estimated tax. Tax 1040ez You cannot use Form 1040EZ. Tax 1040ez Name changed. Tax 1040ez   If you changed your name, and you made estimated tax payments using your old name, attach a brief statement to the front of your paper tax return indicating: When you made the payments, The amount of each payment, Your name when you made the payments, and Your social security number. Tax 1040ez The statement should cover payments you made jointly with your spouse as well as any you made separately. Tax 1040ez   Be sure to report the change to the Social Security Administration. Tax 1040ez This prevents delays in processing your return and issuing any refunds. Tax 1040ez Separate Returns If you and your spouse made separate estimated tax payments for 2013 and you file separate returns, you can take credit only for your own payments. Tax 1040ez If you made joint estimated tax payments, you must decide how to divide the payments between your returns. Tax 1040ez One of you can claim all of the estimated tax paid and the other none, or you can divide it in any other way you agree on. Tax 1040ez If you cannot agree, you must divide the payments in proportion to each spouse's individual tax as shown on your separate returns for 2013. Tax 1040ez Divorced Taxpayers If you made joint estimated tax payments for 2013, and you were divorced during the year, either you or your former spouse can claim all of the joint payments, or you each can claim part of them. Tax 1040ez If you cannot agree on how to divide the payments, you must divide them in proportion to each spouse's individual tax as shown on your separate returns for 2013. Tax 1040ez If you claim any of the joint payments on your tax return, enter your former spouse's social security number (SSN) in the space provided on the front of Form 1040 or Form 1040A. Tax 1040ez If you divorced and remarried in 2013, enter your present spouse's SSN in that space and write your former spouse's SSN, followed by “DIV,” to the left of Form 1040, line 63, or Form 1040A, line 37. Tax 1040ez Underpayment Penalty for 2013 If you did not pay enough tax, either through withholding or by making timely estimated tax payments, you will have an underpayment of estimated tax and you may have to pay a penalty. Tax 1040ez Generally, you will not have to pay a penalty for 2013 if any of the following apply. Tax 1040ez The total of your withholding and estimated tax payments was at least as much as your 2012 tax (or 110% of your 2012 tax if your AGI was more than $150,000, $75,000 if your 2013 filing status is married filing separately) and you paid all required estimated tax payments on time. Tax 1040ez The tax balance due on your 2013 return is no more than 10% of your total 2013 tax, and you paid all required estimated tax payments on time. Tax 1040ez Your total 2013 tax minus your withholding and refundable credits is less than $1,000. Tax 1040ez You did not have a tax liability for 2012 and your 2012 tax year was 12 months, or You did not have any withholding taxes and your current year tax less any household employment taxes is less than $1,000. Tax 1040ez See Publication 505, chapter 4, for a definition of “total tax” for 2012 and 2013. Tax 1040ez Farmers and fishermen. Tax 1040ez   Special rules apply if you are a farmer or fisherman. Tax 1040ez See Farmers and Fishermen in chapter 4 of Publication 505 for more information. Tax 1040ez IRS can figure the penalty for you. Tax 1040ez   If you think you owe the penalty but you do not want to figure it yourself when you file your tax return, you may not have to. Tax 1040ez Generally, the IRS will figure the penalty for you and send you a bill. Tax 1040ez However, if you think you are able to lower or eliminate your penalty, you must complete Form 2210 or Form 2210-F and attach it to your paper return. Tax 1040ez See chapter 4 of Publication 505. Tax 1040ez Prev  Up  Next   Home   More Online Publications