2009 Form 1040 Es (otc)
Department of the Treasury
Internal Revenue Service
2010
Form 1040-ES
Estimated Tax for Individuals
• You will have federal income tax withheld from wages,
Purpose of This Package
pensions, annuities, gambling winnings, or other income.
Use this package to figure and pay your estimated tax. If
• You would be required to make estimated tax
you are not required to make estimated tax payments for
payments to avoid a penalty even if you did not include
2010, you can discard this package.
household employment taxes when figuring your
Estimated tax is the method used to pay tax on
estimated tax.
income that is not subject to withholding (for example,
Higher income taxpayers. If your adjusted gross
earnings from self-employment, interest, dividends, rents,
income (AGI) for 2009 was more than $150,000 ($75,000
alimony, etc.). In addition, if you do not elect voluntary
if your filing status for 2010 is married filing separately),
withholding, you should make estimated tax payments on
substitute 110% for 100% in (2)(b) under General Rule,
other taxable income, such as unemployment
earlier. This rule does not apply to farmers or fishermen.
compensation and the taxable part of your social security
benefits.
Increase Your Withholding
If you also receive salaries and wages, you may be able
Change of address. If your address has changed file
to avoid having to make estimated tax payments on your
Form 8822, Change of Address, to update your record.
other income by asking your employer to take more tax
out of your earnings. To do this, file a new Form W-4,
Who Must Make Estimated Tax
Employee’s Withholding Allowance Certificate, with your
Payments
employer.
The estimated tax rules apply to:
Generally, if you receive a pension or annuity you can
• U.S. citizens and resident aliens,
use Form W-4P, Withholding Certificate for Pension or
• Residents of Puerto Rico, the U.S. Virgin Islands,
Annuity Payments, to start or change your withholding
Guam, the Commonwealth of the Northern Mariana
from these payments.
Islands, and American Samoa, and
You can also choose to have federal income tax
• Nonresident aliens (use Form 1040-ES (NR)).
withheld from certain government payments. For details,
see Form W-4V, Voluntary Withholding Request.
General Rule
In most cases, you must pay estimated tax for 2010 if
Additional Information You May Need
both of the following apply.
You can find most of the information you will need in Pub.
1. You expect to owe at least $1,000 in tax for 2010,
505, Tax Withholding and Estimated Tax.
after subtracting your withholding and refundable credits.
Other available information:
2. You expect your withholding and refundable credits
• Instructions for the 2009 Form 1040 or 1040A.
to be less than the smaller of:
• What’s Hot. Go to www.irs.gov, click on Forms and
a. 90% of the tax to be shown on your 2010 tax
Publications, and then on What’s Hot in forms and
return, or
publications.
b. 100% of the tax shown on your 2009 tax return.
For details on how to get forms and publications, see
Your 2009 tax return must cover all 12 months.
page 96 of the 2009 Instructions for Form 1040 or page
Note. These percentages may be different if you are
86 of the 2009 Instructions for Form 1040A. If you have
a farmer, fisherman, or higher income taxpayer. See
tax questions, call 1-800-829-1040 for assistance. For
Special Rules below.
TTY/TDD help, call 1-800-829-4059.
Exception. You do not have to pay estimated tax for
2010 if you were a U.S. citizen or resident alien for all of
What’s New
2009 and you had no tax liability for the full 12-month
Use your 2009 tax return as a guide in figuring your 2010
2009 tax year. You had no tax liability for 2009 if your
estimated tax, but be sure to consider the following. Only
total tax was zero or you did not have to file an income
some of the amounts in the following paragraphs have
tax return.
changed from 2009, but some unchanged amounts are
also provided here for your convenience.
Special Rules
Limit on deductible farming losses. Beginning in
There are special rules for farmers, fishermen, certain
2010, the farming loss of a taxpayer (other than a C
household employers, and certain higher income
corporation) who receives certain government subsidies
taxpayers.
will be limited to the greater of $300,000 ($150,000 if
Farmers and fishermen. If at least two-thirds of your
married filing separately) or the taxpayer’s total net farm
gross income for 2009 or 2010 is from farming or fishing,
income for the prior 5 tax years. Farming losses caused
substitute 662/3% for 90% in (2)(a) under General rule,
by casualty, disease, or drought are disregarded in
above.
calculating the limitation. Disallowed amounts can be
carried forward indefinitely.
Household employers. When estimating the tax on
your 2010 tax return, include your household
Roth IRAs. Half of any income that results from a
employment taxes if either of the following applies.
rollover or conversion to a Roth IRA from another
Cat. No. 11340T
retirement plan in 2010 is included in income in 2011,
personal exemptions and itemized deductions. Under
and the other half in 2012, unless you elect to include all
current law, these phaseouts will resume in 2011.
of it in 2010. In addition, for any tax year beginning after
Alternative minimum tax (AMT) exemption amount
2009, you can make a qualified rollover contribution to a
decreased. The AMT exemption amount is decreased
Roth IRA regardless of the amount of your modified
to $33,750 ($45,000 if married filing jointly or a qualifying
adjusted gross income (AGI).
widow(er); $22,500 if married filing separately).
IRA deduction expanded. You may be able to take an
Certain credits not allowed against the AMT. The
IRA deduction if you were covered by a retirement plan
credit for child and dependent care expenses, credit for
and your 2010 modified AGI is less than $66,000
the elderly or the disabled, lifetime learning credit,
($109,000 if married filing jointly or qualifying widow(er)).
nonbusiness energy property credit, mortgage interest
If your spouse was covered by a retirement plan, but you
credit, and the District of Columbia first-time homebuyer
were not, you may be able to take an IRA deduction if
credit are not allowed against the AMT and a new tax
your 2010 modified AGI is less than $177,000.
liability limit applies. For most people, this limit is your
Domestic production activities income deduction.
regular tax minus any tentative minimum tax.
The deduction rate for 2010 increases to 9%. However,
Qualified fuel cell motor vehicle credit reduced. For
the deduction is reduced if you have oil-related qualified
qualified vehicles with a gross vehicle weight rating of
production activities income.
8,500 pounds or less that are placed in service after
Standard deduction. If you do not itemize your
2009, the credit allowed for the purchase is reduced by
deductions, you can take the 2010 standard deduction
50%. For more information, see the instructions for Form
listed below for your filing status.
8910.
THEN your standard
Earned income credit (EIC). You may be able to take
IF your 2010 filing status is...
deduction is...
the EIC if:
• Three or more children lived with you and you earned
Married filing jointly or Qualifying
$11,400
widow(er)
less than $43,352 ($48,362 if married filing jointly),
• Two children lived with you and you earned less than
Head of household
$8,400
$40,363 ($45,373 if married filing jointly),
Single or Married filing separately
$5,700
• One child lived with you and you earned less than
$35,535 ($40,545 if married filing jointly), or
• A child did not live with you and you earned less than
However, if you can be claimed as a dependent on
$13,460 ($18,470 if married filing jointly).
another person’s 2010 return, your standard deduction is
the greater of:
The maximum AGI you can have and still get the
• $950, or
credit also has increased. You may be able to take the
• Your earned income plus $300 (up to the standard
credit if your AGI is less than the amount in the above list
deduction amount).
that applies to you. The maximum investment income
you can have and get the credit is still $3,100.
Your standard deduction is increased by the following
amount if, at the end of 2010, you are:
First-time homebuyer credit. This credit has been
extended for purchases of a main home in the United
• An unmarried individual (single or head of household)
States after 2008 and before May 1, 2010 (before July 1,
and are:
2010, if you entered into a written binding contract before
May 1, 2010). The credit is generally 10% of the
65 or older or blind . . . . . . . . . . . . . . . . . . . . . . . . . .
$1,400
purchase price of the home but is limited to $8,000
65 or older and blind . . . . . . . . . . . . . . . . . . . . . . . . .
$2,800
($4,000 if married filing separately).
• A married individual (filing jointly or separately) or a
Also, the credit has been modified to allow a smaller
qualifying widow(er) and are:
credit (limited to $6,500, $3,250 if married filing
separately) if you (and your spouse if married) owned
65 or older or blind . . . . . . . . . . . . . . . . . . . . . . . . . .
$1,100
and used the same main home for any period of 5
65 or older and blind . . . . . . . . . . . . . . . . . . . . . . . . .
$2,200
consecutive years during the 8-year period ending on the
Both spouses 65 or older . . . . . . . . . . . . . . . . . . . . . $2,200*
date you bought your new main home in the United
Both spouses 65 or older and blind . . . . . . . . . . . . . . $4,400*
States. For this credit, the replacement home must be
* If married filing separately, these amounts apply only if you
purchased after November 6, 2009, and before May 1,
can claim an exemption for your spouse.
2010 (before July 1, 2010, if you entered into a written
binding contract before May 1, 2010).
Your standard deduction is zero if (a) your spouse
itemizes on a separate return, or (b) you were a
!
You can choose to claim the credit on your 2009
CAUTION
dual-status alien and you do not elect to be taxed
return for a home you bought in 2010 that qualifies for the
as a resident alien for 2010.
credit.
Personal casualty and theft loss limit reduced. Each
See Form 5405 (Rev. December 2009) for more
personal casualty or theft loss is limited to the excess of
information, including special rules for certain members
the loss over $100 (instead of $500).
of the uniformed services, members of the U.S. Foreign
Standard mileage rates. The rate for business use of
Service, and employees of the intelligence community on
your vehicle is reduced to 50 cents a mile. The rate for
official extended duty service.
use of your vehicle to get medical care or move is
reduced to 161/2 cents a mile. The rate of 14 cents a mile
Reminder
for charitable use is unchanged.
Recapture of first-time homebuyer credit. If you
Personal exemption and itemized deduction
claimed the first-time homebuyer credit for a home you
phaseouts. For 2010, taxpayers with AGI above a
bought in 2008, you generally must begin repaying it in
certain amount will not lose part of their deduction for
2010.
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Instructions for Form 1040-ES (2010)
of your required estimated tax payment for one or more
Expiring Tax Benefits
periods by using the annualized income installment
The following benefits are scheduled to expire and will
method. See chapter 2 of Pub. 505 for details.
not be available for 2010.
Changing your estimated tax. To amend or correct
At the time these instructions went to print,
your estimated tax, see How To Amend Estimated Tax
Congress was considering legislation that would
!
Payments on page 4.
CAUTION
extend some of these items. To find out if
legislation was enacted, and for details, go to
You cannot make joint estimated tax payments if
www.irs.gov.
you or your spouse is a nonresident alien, you are
! separated under a decree of divorce or separate
• Waiver of minimum required distribution (MRD) rules
CAUTION
for IRAs and defined contribution plans. However, the
maintenance, or you and your spouse have different tax
waiver for 2009 MRDs applies through April 1, 2010.
years.
• The exclusion from income of up to $2,400 in
unemployment compensation.
Payment Due Dates
• Tax-free distributions from certain individual retirement
You can pay all of your estimated tax by April 15, 2010,
plans for charitable purposes.
or in four equal amounts by the dates shown below.
• Deduction for educator expenses in figuring AGI.
• Tuition and fees deduction in figuring AGI.
1st payment . . . . . . . . . . . . . . . . . . .
April 15, 2010
2nd payment . . . . . . . . . . . . . . . . . .
June 15, 2010
• Extra $3,000 IRA deduction for employees of bankrupt
companies.
3rd payment . . . . . . . . . . . . . . . . . . .
Sept. 15, 2010
4th payment . . . . . . . . . . . . . . . . . . .
Jan. 18, 2011*
• Increased standard deduction for real estate taxes or
net disaster loss.
* You do not have to make the payment due January 18, 2011,
if you file your 2010 tax return by January 31, 2011, and pay
• Itemized deduction or increased standard deduction for
the entire balance due with your return.
state or local sales or excise taxes on the purchase of a
new motor vehicle.
If you mail your payment and it is postmarked by the
• Itemized deduction for state and local general sales
due date, the date of the U.S. postmark is considered the
taxes.
date of payment. If your payments are late or you did not
• District of Columbia first-time homebuyer credit (for
pay enough, you may be charged a penalty for
homes purchased after 2009).
underpaying your tax. See When a Penalty Is Applied on
• Credit to holders of clean renewable energy bonds
page 4.
issued after 2009.
• Alternative motor vehicle credit for all qualified hybrid
If you want, you can make more than four
motor vehicles placed in service after December 31,
TIP estimated tax payments. To do so, make a copy
2009, except for passenger automobiles and light trucks
of one of your unused estimated tax payment
with a gross vehicle weight rating of 8,500 pounds or
vouchers, fill it in, and mail it with your payment. If you
less.
make more than four payments, to avoid a penalty make
• Government retiree credit.
sure the total of the amounts you pay during a payment
• Decreased estimated tax payments for certain small
period is at least as much as the amount required to be
businesses.
paid by the due date for that period. For other payment
• Certain tax benefits for Midwestern disaster areas,
methods, see Pay Electronically on page 4.
including the following.
• Additional exemption amount if you provided
No income subject to estimated tax during first
housing for a person displaced by the Midwestern
payment period. If, after March 31, 2010, you have a
storms, tornadoes, or flooding.
large change in income, deductions, additional taxes, or
• Increased Hope and lifetime learning credits.
credits that requires you to start making estimated tax
payments, you should figure the amount of your
• Special rules for distributions from eligible
estimated tax payments by using the annualized income
retirement plans.
installment method, explained in chapter 2 of Pub. 505. If
• Exclusion from income for certain discharges of
you use the annualized income installment method, file
nonbusiness debts.
Form 2210, Underpayment of Estimated Tax by
• Credit to holders of Midwestern tax credit bonds for
Individuals, Estates, and Trusts, including Schedule AI,
bonds issued after 2009.
with your 2010 tax return even if no penalty is owed.
How To Figure Your Estimated Tax
Farmers and fishermen. If at least two-thirds of your
gross income for 2009 or 2010 is from farming or fishing,
You will need:
you can do one of the following.
• The 2010 Estimated Tax Worksheet on page 7,
• Pay all of your estimated tax by January 18, 2011.
• The Instructions for the 2010 Estimated Tax
Worksheet on page 6,
• File your 2010 Form 1040 by March 1, 2011, and pay
the total tax due. In this case, 2010 estimated tax
• The 2010 Tax Rate Schedules on page 8, and
payments are not required to avoid a penalty.
• Your 2009 tax return and instructions to use as a guide
to figuring your income, deductions, and credits (but be
Fiscal year taxpayers. You are on a fiscal year if your
sure to consider the items listed under What’s New that
12-month tax period ends on any day except December
begins on page 1).
31. Due dates for fiscal year taxpayers are the 15th day
Matching estimated tax payments to income. If you
of the 4th, 6th, and 9th months of your current fiscal year
receive your income unevenly throughout the year (for
and the 1st month of the following fiscal year. If any
example, because you operate your business on a
payment date falls on a Saturday, Sunday, or legal
seasonal basis or you have a large capital gain late in the
holiday, use the next business day.
year), you may be able to lower or eliminate the amount
Instructions for Form 1040-ES (2010)
-3-
• Make your check or money order payable to the
Name Change
“United States Treasury.” Do not send cash. To help
If you changed your name because of marriage, divorce,
process your payment accurately, enter the amount on
etc., and you made estimated tax payments using your
the right side of the check like this: $ XXX.XX. Do not use
former name, attach a statement to the front of your 2010
dashes or lines (for example, do not enter “$ XXX – ” or “$
tax return. On the statement, show all of the estimated
XX
XXX 100 ”).
tax payments you (and your spouse, if filing jointly) made
• Enter “2010 Form 1040-ES” and your SSN on your
for 2010 and the name(s) and SSN(s) under which you
check or money order. If you are filing a joint estimated
made the payments.
tax payment voucher, enter the SSN that you will show
first on your joint return.
Be sure to report the change to your local Social
Security Administration office before filing your 2010 tax
• Enclose, but do not staple or attach, your payment with
return. This prevents delays in processing your return
the estimated tax payment voucher.
and issuing refunds. It also safeguards your future social
security benefits. For more details, call the Social
Pay Electronically
Security Administration at 1-800-772-1213 (TTY/TDD
1-800-325-0778).
Paying electronically helps to ensure timely receipt of
your estimated tax payment. You can pay electronically
using the following convenient, safe, and secure
How To Amend Estimated Tax
electronic payment options.
• Electronic Federal Tax Payment System (EFTPS).
Payments
• Electronic funds withdrawal (EFW).
To change or amend your estimated tax payments,
refigure your total estimated tax payments due (line 16a
• Credit or debit card.
of the worksheet on page 7). Then, to figure the payment
due for each remaining payment period, see Amended
When you pay taxes electronically, there is no check
estimated tax under Regular Installment Method in
to write and no voucher to mail. Payments can be made
chapter 2 of Pub. 505. If an estimated tax payment for a
24 hours a day, 7 days a week. You will receive a
previous period is less than one-fourth of your amended
confirmation number or electronic acknowledgment of the
estimated tax, you may owe a penalty when you file your
payment. See below for details. Also see www.irs.gov,
return.
enter “e-pay” in the search box, and click on “Electronic
Payment Options Home Page.”
When a Penalty Is Applied
Pay by Electronic Federal Tax Payment System
In some cases, you may owe a penalty when you file
your return. The penalty is imposed on each
(EFTPS)
underpayment for the number of days it remains unpaid.
EFTPS is a free tax payment system where you input
A penalty may be applied if you did not pay enough
your tax payment information electronically, online, or by
estimated tax for the year or you did not make the
phone. Through EFTPS, you can schedule one-time or
payments on time or in the required amount. A penalty
recurring payments for withdrawal from your checking or
may apply even if you have an overpayment on your tax
savings account up to 365 days in advance. You can also
return.
modify or cancel payments up to 2 business days before
the scheduled withdrawal date. To use EFTPS, you must
The penalty may be waived under certain conditions.
enroll. Enroll online at www.eftps.gov or call
See chapter 4 of Pub. 505 for details.
1-800-555-4477 (for business accounts) or
1-800-316-6541 (for individual accounts) to receive an
enrollment form and instructions by mail. TTY/TDD help
How To Pay Estimated Tax
is available by calling 1-800-733-4829. Call
Pay by Check or Money Order Using the
1-800-244-4829 for help in Spanish.
Estimated Tax Payment Voucher
There is a separate estimated tax payment voucher for
Pay by Electronic Funds Withdrawal (EFW)
each due date. The due date is shown in the upper right
If you electronically file your 2009 tax return, you can use
corner. Complete and send in the voucher only if you are
EFW to make up to four (4) 2010 estimated tax
making a payment by check or money order. If you and
payments. This is a free option. The payments can be
your spouse plan to file separate returns, file separate
withdrawn from either a checking or savings account. At
vouchers instead of a joint voucher.
the same time you file your return, you can schedule
estimated tax payments for any or all of the following
To complete the voucher, do the following.
dates: April 15, 2010, June 15, 2010, September 15,
• Print or type your name, address, and SSN in the
2010, and January 18, 2011.
space provided on the estimated tax payment voucher. If
filing a joint voucher, also enter your spouse’s name and
Check with your tax return preparer or tax preparation
SSN. List the names and SSNs in the same order on the
software for details. Your scheduled payments will be
joint voucher as you will list them on your joint return.
acknowledged when you file your tax return.
• Enter in the box provided on the estimated tax
payment voucher only the amount you are sending in by
Payments scheduled through EFW can be cancelled
check or money order. When making payments of
up to 8 p.m. Eastern time, 2 business days before the
estimated tax, be sure to take into account any 2009
scheduled payment date, by contacting the Treasury
overpayment that you choose to credit against your 2010
Financial Agent, Customer Service, at 1-888-353-4537.
tax, but do not include the overpayment amount in this
box.
-4-
Instructions for Form 1040-ES (2010)
Pay by Credit or Debit Card
RBS WorldPay, Inc.
You can use your credit or debit card to make estimated
1-888-9-PAY-TAXTM (1-888-972-9829)
tax payments. Call toll-free or visit the website of one of
1-877-517-4881 (Customer Service)
the service providers listed below and follow the
www.payUSAtax.com
instructions. A convenience fee will be charged by the
service provider. Fees may vary between providers. You
Official Payments Corporation
will be told what the fee is during the transaction and you
1-888-UPAY-TAXTM (1-888-872-9829)
will have the option to either continue or cancel the
1-877-754-4413 (Customer Service)
transaction. You can also find out what the fee will be by
www.officialpayments.com
calling the provider’s toll-free automated customer
service number or visiting the provider’s website shown
You will be given a confirmation number at the end of
below.
the transaction. Enter the confirmation number in column
(c) of the Record of Estimated Tax Payments (on page
Link2Gov Corporation
9). Do not include the amount of the convenience fee in
1-888-PAY-1040TM (1-888-729-1040)
column (d).
1-888-658-5465 (Customer Service)
Note. You can deduct the convenience fee charged by
www.PAY1040.com
the service provider in 2010 as a miscellaneous itemized
deduction (subject to the 2%-of-AGI limit) on your 2010
income tax return.
Where To File Your Estimated Tax Payment Voucher if Paying by Check or Money Order
Mail your estimated tax payment voucher and check or money order to the
Arkansas, Connecticut, Delaware, District of
P.O. Box 970006
address shown below for the place where you live. Do not mail your tax
Columbia, Maryland, Missouri, Ohio, Rhode
St. Louis, MO
return to this address or send an estimated tax payment without a payment
Island, Virginia, West Virginia
63197-0006
voucher. Also, do not mail your estimated tax payments to the address
shown in the Form 1040 or 1040A instructions. If you need more payment
vouchers, you can make a copy of one of your unused vouchers.
Caution: For proper delivery of your estimated tax payment to a P.O. box,
Alabama, Kentucky, Louisiana, Mississippi,
P.O. Box 1300
you must include the box number in the address. Also, note that only the
Tennessee, Texas
Charlotte, NC
U.S. Postal Service can deliver to P.O. boxes. Therefore, you cannot use a
28201-1300
private delivery service to make estimated tax payments required to be sent
to a P.O. box.
THEN send it to “Internal
Idaho, Illinois, Indiana, Iowa, Kansas, Michigan,
P.O. Box 802502
IF you live in . . .
Revenue Service” at . . .
Minnesota, Montana, Nebraska, North Dakota,
Cincinnati, OH
Oklahoma, South Dakota, Wisconsin, Wyoming
45280-2502
Maine, Massachusetts, New
P.O. Box 37007
All APO and FPO addresses, U.S. citizens or tax
Hampshire, New Jersey, New York,
Hartford, CT
residents living in a foreign country, or filing Form
Pennsylvania, Vermont
06176-0007
2555, 2555-EZ, or 4563.
P.O. Box 1300
American Samoa, the Commonwealth of the
Charlotte, NC
Northern Mariana Islands, nonpermanent
28201-1300
residents of Guam or the U.S. Virgin Islands,
USA
Puerto Rico (or if excluding income under Internal
Revenue Code section 933), dual-status aliens
Florida, Georgia, North Carolina, South
P.O. Box 105225
Permanent residents of Guam*
Department of
Carolina
Atlanta, GA
Revenue and Taxation
30348-5225
Government of Guam
P.O. Box 23607
GMF, GU 96921
Alaska, Arizona, California, Colorado,
P.O. Box 510000
Permanent residents of the U.S. Virgin Islands*
V.I. Bureau of
Hawaii, Nevada, New Mexico, Oregon,
San Francisco, CA
Internal Revenue
Utah, Washington
94151-5100
9601 Estate Thomas
Charlotte Amalie
St. Thomas, VI 00802
* Permanent residents must prepare separate vouchers for estimated income tax and self-employment tax payments. Send the income tax vouchers to the address for permanent
residents and the self-employment tax vouchers to the address for nonpermanent residents.
Instructions for Form 1040-ES (2010)
-5-
parachute payments, look-back interest due under
Instructions for the 2010 Estimated
section 167(g) or 460(b), excise tax on insider stock
Tax Worksheet
compensation from an expatriated corporation, or
recapture of COBRA premium assistance. These taxes
Line 1. Adjusted gross income. Use your 2009 tax
are not required to be paid until the due date of your
return and instructions as a guide to figuring the adjusted
income tax return (not including extensions).
gross income you expect in 2010 (but be sure to consider
Recapture of first-time homebuyer credit. If you
the items listed under What’s New that begins on page
claimed the first-time homebuyer credit for 2008 or 2009
1). For more details on figuring your adjusted gross
and disposed of the home or the home ceased to be your
income, see Expected AGI — Line 1 in chapter 2 of Pub.
main home in 2010, you generally must include on line
505. If you are self-employed, be sure to take into
12 the entire credit you claimed for 2008 or 2009. This
account the deduction for one-half of your
includes situations where you sell the home or convert
self-employment tax (2009 Form 1040, line 27).
the entire home to business or rental property. See Form
Line 9. Credits. See the 2009 Form 1040, lines 47
5405 for exceptions.
through 53, or Form 1040A, lines 29 through 33, and the
related instructions.
If you claimed the first-time homebuyer credit in 2008
Line 11. Self-employment tax. If you and your spouse
for a home purchased in 2008 and you continue to own
make joint estimated tax payments and you both have
and use the home as your main home during all of 2010,
self-employment income, figure the self-employment tax
repayment of the credit over a 15-year period begins with
for each of you separately. Enter the total on line 11.
your 2010 return and the first installment should be
When figuring your estimate of 2010 net earnings from
included on line 12 of the worksheet.
self-employment, be sure to use only 92.35% (.9235) of
Line 14b. Tax shown on your 2009 tax return. If you
your total net profit from self-employment.
filed Form 1040, the “tax shown on your 2009 tax return”
Line 12. Other taxes. Use the instructions for the 2009
is the amount on line 60 reduced by the following.
Form 1040 to determine if you expect to owe, for 2010,
1. Unreported social security and Medicare tax or
any of the taxes that would have been entered on your
RRTA tax from Form 1040, line 57.
2009 Form 1040, lines 58 (additional tax on distributions
2. Any tax included on line 58 on excess contributions
only) and 59, and any write-ins on line 60, or any amount
to IRAs, Archer MSAs, Coverdell education savings
from Form 1040A, line 36. On line 12, enter the total of
accounts, and health savings accounts, or on excess
those taxes, subject to the following two exceptions.
accumulations in qualified retirement plans.
Exception 1. Include household employment taxes
3. Write-ins on line 60 as listed under Exception 2 on
from box b of Form 1040, line 59, on this line only if:
this page.
• You will have federal income tax withheld from wages,
4. Any refundable credit amounts listed on lines 63,
pensions, annuities, gambling winnings, or other income,
64a, 65, 66, and 67, and credits from Forms 4136, 8801,
or
and 8885 included on line 70.
• You would be required to make estimated tax
payments (to avoid a penalty) even if you did not include
Form 1040A. If you filed Form 1040A, the “tax shown
household employment taxes when figuring your
on your 2009 tax return” is the amount on line 37 reduced
estimated tax.
by any refundable credits on lines 40, 41a, 42, and 43.
If you meet one or both of the above, include in the
Form 1040EZ. If you filed Form 1040EZ, the “tax
amount on line 12 the total of your household
shown on your 2009 tax return” is the amount on line 11
employment taxes before subtracting advance EIC
reduced by the amount on lines 8 and 9a.
payments made to your employee(s).
Line 17. If you are a household employer and you make
Exception 2. Of the amounts for other taxes that may
advance EIC payments to your employee(s), reduce your
be entered on Form 1040, line 60, do not include on line
required estimated tax payment for each period by the
12: recapture of a federal mortgage subsidy, uncollected
amount of advance EIC payments paid during the period.
employee social security and Medicare tax or RRTA tax
on tips or group-term life insurance, tax on golden
-6-
Instructions for Form 1040-ES (2010)
2010 Estimated Tax Worksheet
Keep for Your Records
1
1
Adjusted gross income you expect in 2010 (see instructions on page 6)
2
● If you plan to itemize deductions, enter the estimated total of your itemized deductions.
● If you do not plan to itemize deductions, enter your standard deduction from page 2.
2
3
Subtract line 2 from line 1
3
4
Exemptions. Multiply $3,650 by the number of personal exemptions
4
5
5
Subtract line 4 from line 3
6
Tax. Figure your tax on the amount on line 5 by using the 2010 Tax Rate Schedules on page 8.
Caution: If you will have qualified dividends or a net capital gain, or expect to exclude or deduct
foreign earned income or housing, see chapter 2 of Pub. 505 to figure the tax
6
7
Alternative minimum tax from Form 6251 or the Alternative Minimum Tax Worksheet in the Form
1040A instructions
7
8
Add lines 6 and 7. Add to this amount any other taxes you expect to include in the total on Form
8
1040, line 44, or Form 1040A, line 28
9
9
Credits (see instructions on page 6). Do not include any income tax withholding on this line
10
10
Subtract line 9 from line 8. If zero or less, enter -0-
11
Self-employment tax (see instructions on page 6). Estimate of 2010 net earnings from
self-employment $
; if $106,800 or less, multiply the amount by 15.3%; if more
than $106,800, multiply the amount by 2.9%, add $13,243.20 to the result, and enter the total.
Caution: If you also have wages subject to social security tax or the 6.2% portion of tier 1 Railroad
Retirement tax, see chapter 2 of Pub. 505 to figure the amount to enter
11
12
12
Other taxes (see instructions on page 6)
13a
13a
Add lines 10 through 12
b Earned income credit, additional child tax credit, making work pay credit, refundable education
13b
credit, and refundable credits from Forms 4136, 5405, 8801, and 8885
13c
c Total 2010 estimated tax. Subtract line 13b from line 13a. If zero or less, enter -0-
14a
14a
Multiply line 13c by 90% (662⁄3 % for farmers and fishermen)
b Enter the tax shown on your 2009 tax return (see instructions on page
6). Enter 110% of that amount if you are not a farmer or fisherman and
the adjusted gross income shown on that return is more than $150,000
14b
or, if married filing separately for 2010, more than $75,000
14c
c Required annual payment to avoid a penalty. Enter the smaller of line 14a or 14b
Caution: Generally, if you do not prepay (through income tax withholding and estimated tax
payments) at least the amount on line 14c, you may owe a penalty for not paying enough estimated
tax. To avoid a penalty, make sure your estimate on line 13c is as accurate as possible. Even if you
pay the required annual payment, you may still owe tax when you file your return. If you prefer, you
can pay the amount shown on line 13c. For details, see chapter 2 of Pub. 505.
15
Income tax withheld and estimated to be withheld during 2010 (including income tax withholding
on pensions, annuities, certain deferred income, etc.)
15
16a Subtract line 15 from line 14c
16a
Is the result zero or less?
Yes. Stop here. You are not required to make estimated tax
payments.
No. Go to line 16b.
b Subtract line 15 from line 13c
16b
Is the result less than $1,000?
Yes. Stop here. You are not required to make estimated tax payments.
No. Go to line 17 to figure your required payment.
17
If the first payment you are required to make is due April 15, 2010, enter 1⁄4 of line 16a (minus any
2009 overpayment that you are applying to this installment) here, and on your estimated tax
payment voucher(s) if you are paying by check or money order. (Note: Household employers, see
instructions on page 6.)
17
Instructions for Form 1040-ES (2010)
-7-
2010 Tax Rate Schedules
Caution. Do not use these Tax Rate Schedules to figure your 2009 taxes. Use only to figure your 2010 estimated taxes.
Schedule X — Use if your 2010 filing status is Single
Schedule Z — Use if your 2010 filing status is
Head of household
If line 5 is:
The tax is:
If line 5 is:
The tax is:
of the
of the
But not
amount
But not
amount
Over —
over —
over —
Over —
over —
over —
$0
$8,375
-----------
10%
$0
$0
$11,950
---------- 10%
$0
8,375
34,000
$837.50 + 15%
8,375
11,950
45,550
$1,195.00 + 15%
11,950
34,000
82,400
4,681.25 + 25%
34,000
45,550
117,650
6,235.00 + 25%
45,550
82,400
171,850
16,781.25 + 28%
82,400
117,650
190,550
24,260.00 + 28%
117,650
171,850
373,650
41,827.25 + 33%
171,850
190,550
373,650
44,672.00 + 33%
190,550
373,650
------------
108,421.25 + 35%
373,650
373,650
-----------
105,095.00 + 35%
373,650
Schedule Y-1 — Use if your 2010 filing status is
Schedule Y-2 — Use if your 2010 filing status is
Married filing jointly or Qualifying widow(er)
Married filing separately
If line 5 is:
The tax is:
If line 5 is:
The tax is:
of the
of the
But not
amount
But not
amount
Over —
over —
over —
Over —
over —
over —
$0
$16,750
----------
10%
$0
$0
$8,375
---------- 10%
$0
16,750
68,000
$1,675.00 + 15%
16,750
8,375
34,000
$837.50 + 15%
8,375
68,000
137,300
9,362.50 + 25%
68,000
34,000
68,650
4,681.25 + 25%
34,000
137,300
209,250
26,687.50 + 28%
137,300
68,650
104,625
13,343.75 + 28%
68,650
209,250
373,650
46,833.50 + 33%
209,250
104,625
186,825
23,416.75 + 33%
104,625
373,650
-----------
101,085.50 + 35%
373,650
186,825
-----------
50,542.75 + 35%
186,825
We may disclose it to cities, states, the District of
Privacy Act and Paperwork Reduction Act Notice.
Columbia, and U.S. commonwealths or possessions to
We ask for tax return information to carry out the tax laws
carry out their tax laws. We may also disclose this
of the United States. We need it to figure and collect the
information to other countries under a tax treaty, to
right amount of tax.
federal and state agencies to enforce federal nontax
Our legal right to ask for information is Internal
criminal laws, or to federal law enforcement and
Revenue Code sections 6001, 6011, and 6012(a), and
intelligence agencies to combat terrorism.
their regulations. They say that you must file a return or
If you do not file a return, do not give the information
statement with us for any tax for which you are liable.
asked for, or give fraudulent information, you may be
Your response is mandatory under these sections. Code
charged penalties and be subject to criminal prosecution.
section 6109 and its regulations say that you must
provide your taxpayer identification number on what you
Please keep this notice with your records. It may help
file. This is so we know who you are, and can process
you if we ask you for other information. If you have any
your return and other papers.
questions about the rules for filing and giving information,
please call or visit any Internal Revenue Service office.
You are not required to provide the information
requested on a form that is subject to the Paperwork
The average time and expenses required to complete
Reduction Act unless the form displays a valid OMB
and file this form will vary depending on individual
control number. Books or records relating to a form or its
circumstances. For the estimated averages, see the
instructions must be retained as long as their contents
instructions for your income tax return.
may become material in the administration of any Internal
If you have suggestions for making this package
Revenue law. Generally, tax returns and return
simpler, we would be happy to hear from you. See the
information are confidential, as stated in Code section
instructions for your income tax return.
6103.
We may disclose the information to the Department of
Justice and to other federal agencies, as provided by law.
-8-
Instructions for Form 1040-ES (2010)
Record of Estimated Tax Payments (Farmers, fishermen, and fiscal
year taxpayers, see page 3 for payment due dates.)
Keep for Your Records
(c) Check or
(d) Amount paid
Payment
(e) 2009
(f) Total amount
(a) Amount
(b) Date
money order number, or
(do not include
due
overpayment
paid and credited
due
paid
credit or debit card
any convenience
date
credit applied
(add (d) and (e))
Payment
number
confirmation number
fee)*
1
4/15/2010
2
6/15/2010
3
9/15/2010
4
1/18/2011**
Total
* You can deduct the convenience fee charged by the service provider in 2010 as a miscellaneous itemized deduction (subject to the 2%-of-AGI
limit) on your 2010 income tax return.
** You do not have to make this payment if you file your 2010 tax return by January 31, 2011, and pay the entire balance due with your return.
Tear off here
1040-ES
Payment
Form
Department of the Treasury
2010 Estimated Tax
4
Internal Revenue Service
Voucher
OMB No. 1545-0074
Calendar year—Due Jan. 18, 2011
File only if you are making a payment of estimated tax by check or money order. Mail this
voucher with your check or money order payable to the “United States Treasury.” Write your
Amount of estimated tax you are paying
social security number and “2010 Form 1040-ES” on your check or money order. Do not send
by check or
Dollars
Cents
cash. Enclose, but do not staple or attach, your payment with this voucher.
money order.
Your first name and initial
Your last name
Your social security number
If joint payment, complete for spouse
Spouse’s first name and initial
Spouse’s last name
Spouse’s social security number
Address (number, street, and apt. no.)
Print or type
City, state, and ZIP code. (If a foreign address, enter city, province or state, postal code, and country.)
For Privacy Act and Paperwork Reduction Act Notice, see instructions on page 8.
Instructions for Form 1040-ES (2010)
-9-
Intentionally Left Blank
-10-
Instructions for Form 1040-ES (2010)
1040-ES
Payment
Form
Department of the Treasury
2010 Estimated Tax
Voucher 3
Internal Revenue Service
OMB No. 1545-0074
Calendar year—Due Sept. 15, 2010
File only if you are making a payment of estimated tax by check or money order. Mail this
voucher with your check or money order payable to the “United States Treasury.” Write your
Amount of estimated tax you are paying
social security number and “2010 Form 1040-ES” on your check or money order. Do not send
by check or
Dollars
Cents
cash. Enclose, but do not staple or attach, your payment with this voucher.
money order.
Your first name and initial
Your last name
Your social security number
If joint payment, complete for spouse
Spouse’s first name and initial
Spouse’s last name
Spouse’s social security number
Address (number, street, and apt. no.)
Print or type
City, state, and ZIP code. (If a foreign address, enter city, province or state, postal code, and country.)
For Privacy Act and Paperwork Reduction Act Notice, see instructions on page 8.
Tear off here
1040-ES
Payment
Form
Department of the Treasury
2010 Estimated Tax
Internal Revenue Service
Voucher 2
OMB No. 1545-0074
Calendar year—Due June 15, 2010
File only if you are making a payment of estimated tax by check or money order. Mail this
voucher with your check or money order payable to the “United States Treasury.” Write your
Amount of estimated tax you are paying
social security number and “2010 Form 1040-ES” on your check or money order. Do not send
by check or
Dollars
Cents
cash. Enclose, but do not staple or attach, your payment with this voucher.
money order.
Your first name and initial
Your last name
Your social security number
If joint payment, complete for spouse
Spouse’s first name and initial
Spouse’s last name
Spouse’s social security number
Address (number, street, and apt. no.)
Print or type
City, state, and ZIP code. (If a foreign address, enter city, province or state, postal code, and country.)
For Privacy Act and Paperwork Reduction Act Notice, see instructions on page 8.
Tear off here
1040-ES
Payment
Form
Department of the Treasury
2010 Estimated Tax
Internal Revenue Service
Voucher 1
OMB No. 1545-0074
Calendar year—Due April 15, 2010
File only if you are making a payment of estimated tax by check or money order. Mail this
voucher with your check or money order payable to the “United States Treasury.” Write your
Amount of estimated tax you are paying
social security number and “2010 Form 1040-ES” on your check or money order. Do not send
by check or
Dollars
Cents
cash. Enclose, but do not staple or attach, your payment with this voucher.
money order.
Your first name and initial
Your last name
Your social security number
If joint payment, complete for spouse
Spouse’s first name and initial
Spouse’s last name
Spouse’s social security number
Address (number, street, and apt. no.)
Print or type
City, state, and ZIP code. (If a foreign address, enter city, province or state, postal code, and country.)
For Privacy Act and Paperwork Reduction Act Notice, see instructions on page 8.
Instructions for Form 1040-ES (2010)
-11-
Intentionally Left Blank
-12-
Instructions for Form 1040-ES (2010)
