Estimated Tax Worksheet

 

Basic Filing Information for :

Taxpayer's Name:
Filing Status: TP 65 or older
SP 65 or older
blind
blind
Dependents claimed for exemptions:

1040ES Worksheet:

(Enter all data as positive numbers)
1 Adjusted gross income expected without social security
Amount of social security expected
Tax-exempt interest expected
Taxable social security 0
Adjusted gross income expected 0
2 Standard deduction 0
Total itemized deductions
Medical expenses, investment interest expenses, casualty losses and gambling losses included in the total itemized deductions entered in line above (for high AGI) 0
3 Subtract line 2 from line 1 0
4 Exemptions times TBD 0
5 Subtract line 4 from line 3 0
6 Tax 0
7 Enter any additional taxes (Forms 4972, 6251, 8814 or 8889)
8 Add lines 6 and 7 0
9 Nonrefundable credits
10 Subtract line 9 from line 8 0
11 Self-employment income included in line 1 above
Self-employment tax 0
12 Other taxes
13 Add lines 10 through 12 0
Refundable credits such as EIC, ACT, Form 4136 credits
Estimated total tax 0
90% of line 13 ( 66 2/3% for farmers and fishermen) 0
100% of last year's income tax ( Check if AGI was > $K)
14 Smaller of above ( Use % last year's amount from the line above.) 0
15 Income tax withheld and estimated to be withheld
16 Balance (override if a different amount is desired: ) (Payment not required if less than $1000)
Quarterly amount

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