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Amended Tax Form 1040x

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Amended Tax Form 1040x

Amended tax form 1040x Index A Accelerated death benefits, Accelerated Death Benefits Accounting periods Change in, standard deduction not allowed, Persons not eligible for the standard deduction. Amended tax form 1040x Accrued leave payment Disability retirement and, Accrued leave payment. Amended tax form 1040x Adjusted gross income (AGI), Adjustments to Income Adjustments to income, Adjustments to Income Age Standard deduction for age 65 or older, Higher standard deduction for age (65 or older). Amended tax form 1040x Age 65, Qualified Individual American Association of Retired Persons (AARP), Volunteer Income Tax Assistance and Tax Counseling for the Elderly. Amended tax form 1040x Annuities, Pensions and Annuities Assistance (see Tax help) B Base amount, social security benefits, Base Amount Benefits Accident or health, Other compensation. Amended tax form 1040x Long-term care, Long-Term Care Insurance Contracts No-fault insurance, Other compensation. Amended tax form 1040x Sickness and injury, Sickness and Injury Benefits Social security, Are Any of Your Benefits Taxable? Veterans', Veterans' benefits. Amended tax form 1040x Bequests, Gifts and inheritances. Amended tax form 1040x Blind persons Standard deduction for, Higher standard deduction for blindness. Amended tax form 1040x C Child and dependent care credit, Child and Dependent Care Credit Children Standard deduction for, Standard Deduction for Dependents Chronically ill persons, Chronically ill individual. Amended tax form 1040x Chronically ill, defined, Terminally or chronically ill defined. Amended tax form 1040x Compensation For services, Compensation for Services Loss or disfigurement, Other compensation. Amended tax form 1040x Contributions Foreign employment, Foreign employment contributions. Amended tax form 1040x Pension or annuity, Cost. Amended tax form 1040x Cost, pension or annuity, Cost. Amended tax form 1040x Credit Child and dependent care, Child and Dependent Care Credit Earned income, Earned Income Credit (EIC) The elderly or the disabled, Credit for the Elderly or the Disabled Credit for the elderly or the disabled, Credit for the Elderly or the Disabled D Death benefit, accelerated, Accelerated Death Benefits Decedents, Dependents. Amended tax form 1040x Standard deduction, Decedent's final return. Amended tax form 1040x Deductions Generally, Deductions Insurance premiums, Medical Insurance Premiums Itemized, Itemized Deductions Meals and lodging, Meals and Lodging Medical and dental, Medical and Dental Expenses Standard, Standard Deduction Dependents, Dependents. Amended tax form 1040x Standard deduction for, Standard Deduction for Dependents Disabilities, individuals with Ownership and use test, Exception to use test for individuals with a disability. Amended tax form 1040x Disability Person with, Persons with disabilities. Amended tax form 1040x Physician's statement, Physician's statement. Amended tax form 1040x Total and permanent, Permanent and total disability. Amended tax form 1040x Disability income, Disability Pensions, Other compensation. Amended tax form 1040x , Disability income. Amended tax form 1040x Distributions, retirement plan, Retirement Plan Distributions Drugs (see Medicines) Dual-status taxpayers Standard deduction, Persons not eligible for the standard deduction. Amended tax form 1040x E Early distributions, tax, Tax on Early Distributions Earned income credit, Earned Income Credit (EIC) Elderly or disabled credit, Credit for the Elderly or the Disabled Elderly persons Standard deduction for age 65 or older, Higher standard deduction for age (65 or older). Amended tax form 1040x Employment tax withholding, Reminders Employment taxes, Employment taxes. Amended tax form 1040x Endowment proceeds, Endowment Contract Proceeds Estimated tax, Tax Withholding and Estimated Tax, Estimated Tax, Who Must Make Estimated Tax Payments Excess accumulation, tax on, Tax on Excess Accumulation Exclusion, gain on sale of home, Maximum Amount of Exclusion F Federal Employees Compensation Act (FECA) payments, Federal Employees' Compensation Act (FECA). Amended tax form 1040x Filing requirements Decedents, Dependents. Amended tax form 1040x General requirements, General Requirements Surviving spouse, Surviving spouse. Amended tax form 1040x Final return for decedent Standard deduction, Decedent's final return. Amended tax form 1040x First-time homebuyer credit Recapture, Repaying the first-time homebuyer credit because you sold your home. Amended tax form 1040x Form, Credit for the Elderly or the Disabled, Physician's statement. Amended tax form 1040x 1099-R, Form 1099-R. Amended tax form 1040x , Form 1099-R. Amended tax form 1040x 5329, Form 5329. Amended tax form 1040x 8853, Accelerated Death Benefits Schedule R, Credit for the Elderly or the Disabled, Physician's statement. Amended tax form 1040x W-4P, Withholding. Amended tax form 1040x Free tax services, Free help with your tax return. Amended tax form 1040x G Gain on sale of home (see Sale of home) General rule, pension or annuity, Pensions and Annuities Gifts, Gifts and inheritances. Amended tax form 1040x H Help (see Tax help) Home care (see Nursing services) Home improvements, Home Improvements Home, sale of, Sale of Home Hospital services, Hospital Services Household help, Household Help I Income Adjustments, Adjustments to Income Disability, Disability Pensions, Disability income. Amended tax form 1040x Gross, defined, Gross income. Amended tax form 1040x Nontaxable, Taxable and Nontaxable Income Sale of home, Sale of Home Self-employment, Self-employed persons. Amended tax form 1040x Taxable, Taxable and Nontaxable Income Individual retirement arrangement (IRA) Adjustments to income, Individual Retirement Arrangement (IRA) Contributions and Deductions Contributions, Contributions. Amended tax form 1040x Deductible contribution, Deductible contribution. Amended tax form 1040x Distributions, Individual Retirement Arrangements (IRAs) Inheritances, Gifts and inheritances. Amended tax form 1040x Injury benefits, Sickness and Injury Benefits, Cost paid by you. Amended tax form 1040x Insurance Accident and health, Other compensation. Amended tax form 1040x , Medical Insurance Premiums Benefits, long-term care, Long-Term Care Insurance Contracts Benefits, no-fault insurance, Other compensation. Amended tax form 1040x Life insurance proceeds, Life Insurance Proceeds Proceeds paid after death, Life Insurance Proceeds Proceeds paid before death, Accelerated Death Benefits Insurance premiums for retired public safety officers, Insurance Premiums for Retired Public Safety Officers Itemized deductions, Itemized Deductions Married filing separately One spouse has itemized, Persons not eligible for the standard deduction. Amended tax form 1040x L Life insurance proceeds, Life Insurance Proceeds Long-term care, Long-Term Care Chronically ill individuals, Chronically ill individual. Amended tax form 1040x Maintenance and personal care services, Maintenance and personal care services. Amended tax form 1040x Qualified insurance contracts, Qualified long-term care insurance contracts. Amended tax form 1040x Qualified services, Qualified long-term care services. Amended tax form 1040x Long-term care insurance, Long-Term Care Insurance Contracts Loss or disfigurement compensation, Other compensation. Amended tax form 1040x Lump-sum distributions, Lump-sum distributions. Amended tax form 1040x Lump-sum election, social security, Lump-Sum Election M Maintenance and personal care services, Maintenance and personal care services. Amended tax form 1040x Married filing separately Itemized deductions One spouse has itemized so other must as well, Persons not eligible for the standard deduction. Amended tax form 1040x Married taxpayers Age 65 or older spouse Standard deduction, Spouse 65 or older or blind. Amended tax form 1040x Blind spouse Standard deduction, Spouse 65 or older or blind. Amended tax form 1040x Meals and lodging expenses, Meals and Lodging Medical expenses, Medical and Dental Expenses Medicare, Medicare Part A. Amended tax form 1040x , Medicare Part B. Amended tax form 1040x , Medicare Part D. Amended tax form 1040x Benefits, Medicare. Amended tax form 1040x Medicines, Medicines Imported, Imported medicines and drugs. Amended tax form 1040x Military retirement pay, Military Retirement Pay Minimum distributions, Tax on Excess Accumulation Minimum wage, Substantial gainful activity. Amended tax form 1040x Missing children, Reminders Mortgage assistance payments, Mortgage assistance payments. Amended tax form 1040x N Nonperiodic distributions, Nonperiodic Distributions Nonqualified use, Period of nonqualified use. Amended tax form 1040x Nonresident aliens Standard deduction, Persons not eligible for the standard deduction. Amended tax form 1040x Nontaxable income, Payments from a state fund for victims of crime. Amended tax form 1040x Accident or health insurance benefits, Other compensation. Amended tax form 1040x Bequests, Gifts and inheritances. Amended tax form 1040x Generally, Taxable and Nontaxable Income Gifts, Gifts and inheritances. Amended tax form 1040x Inheritances, Gifts and inheritances. Amended tax form 1040x Mortgage assistance payments, Mortgage assistance payments. Amended tax form 1040x No-fault insurance benefits, Other compensation. Amended tax form 1040x Nutrition program for elderly, Nutrition Program for the Elderly. Amended tax form 1040x Public assistance payments, Welfare benefits. Amended tax form 1040x Sickness and injury benefits, Sickness and Injury Benefits Veterans' benefits, Veterans' benefits. Amended tax form 1040x Winter energy use, Payments to reduce cost of winter energy use. Amended tax form 1040x Workers' compensation, Workers' Compensation Nursing home, Nursing home. Amended tax form 1040x Nursing services, Nursing Services Chronically ill individuals, Chronically ill individual. Amended tax form 1040x Nutrition program for elderly, Nutrition Program for the Elderly. Amended tax form 1040x O Old-age, survivors, and disability insurance benefits (OASDI), Old-age, survivors, and disability insurance benefits (OASDI). Amended tax form 1040x Other items, Other Items Overall limitation, Overall limitation. Amended tax form 1040x P Payments, estimated tax, Estimated Tax Pensions, Pensions and Annuities Pensions, disability, Disability Pensions Photographs, missing children, Reminders Physician's statement, disability, Physician's statement. Amended tax form 1040x Prepaid insurance premiums, Prepaid insurance premiums. Amended tax form 1040x Preparer, paid, Reminders Preparing your return, Return preparation assistance. Amended tax form 1040x Profit-sharing plan, Retirement and profit-sharing plans. Amended tax form 1040x Public assistance payments, Welfare benefits. Amended tax form 1040x Publications (see Tax help) Q Qualified retirement plan, Tax on Early Distributions R Railroad retirement benefits, Railroad Retirement Benefits, Social Security and Equivalent Railroad Retirement Benefits Repayments Social security benefits, Repayment of Benefits Reporting pension income, How to report. Amended tax form 1040x Residence, sale of, Sale of Home Retirement plans, distributions, Retirement Plan Distributions Returns Decedent, Dependents. Amended tax form 1040x Executors and administrators, Dependents. Amended tax form 1040x Filing requirements, 2013 Filing Requirements Surviving spouse, Surviving spouse. Amended tax form 1040x Reverse mortgages, Reverse Mortgages S Salaries (see Compensation) Sale of Home First-time homebuyer credit, Repaying the first-time homebuyer credit because you sold your home. Amended tax form 1040x Surviving spouse, Reminders Sale of home, Sale of Home Self-employed, Self-employed persons. Amended tax form 1040x Short tax year Change in annual accounting period, Persons not eligible for the standard deduction. Amended tax form 1040x Sickness and injury benefits, Sickness and Injury Benefits Simplified method, Pensions and Annuities Social security benefits, Social Security and Equivalent Railroad Retirement Benefits Standard deduction, Standard Deduction Age 65 or older, Higher standard deduction for age (65 or older). Amended tax form 1040x Blind persons, Higher standard deduction for blindness. Amended tax form 1040x Dependents, Standard Deduction for Dependents Final return of decedent, Decedent's final return. Amended tax form 1040x Married filing separately One spouse has itemized, Persons not eligible for the standard deduction. Amended tax form 1040x Starting date, annuity, Cost. Amended tax form 1040x State fund for victims of crime, Payments from a state fund for victims of crime. Amended tax form 1040x Substantial gainful activity, Substantial gainful activity. Amended tax form 1040x Surrender of Iife insurance, Surrender of policy for cash. Amended tax form 1040x Surviving Spouse, Reminders Surviving spouse, Surviving spouse. Amended tax form 1040x Surviving spouse, insurance, Surviving spouse. Amended tax form 1040x Survivors of retirees, Survivors of retirees. Amended tax form 1040x T Tax Early distributions, Tax on Early Distributions Estimated, Tax Withholding and Estimated Tax, Estimated Tax Excess accumulation, Tax on Excess Accumulation Tax counseling for the elderly (TCE), Volunteer Income Tax Assistance and Tax Counseling for the Elderly. Amended tax form 1040x Tax help, How To Get Tax Help Tax option, 10-year, Lump-sum distributions. Amended tax form 1040x Tax return preparers, Reminders Taxable income, Taxable and Nontaxable Income Taxation of benefits, Are Any of Your Benefits Taxable? Terminally ill, defined, Terminally or chronically ill defined. Amended tax form 1040x Total and permanent disability, defined, Permanent and total disability. Amended tax form 1040x Transportation expenses, Transportation TTY/TDD information, How To Get Tax Help U U. Amended tax form 1040x S. Amended tax form 1040x citizen or resident, U. Amended tax form 1040x S. Amended tax form 1040x citizen or resident alien. Amended tax form 1040x Unemployment compensation, Unemployment compensation. Amended tax form 1040x V Veterans' benefits, Veterans' benefits. Amended tax form 1040x Viatical settlement, Accelerated Death Benefits Victims of crime, Payments from a state fund for victims of crime. Amended tax form 1040x Volunteer income tax assistance (VITA), Volunteer Income Tax Assistance and Tax Counseling for the Elderly. Amended tax form 1040x Volunteer work, Volunteer work. Amended tax form 1040x W Wages (see Compensation) Winter energy use payments, Payments to reduce cost of winter energy use. Amended tax form 1040x Withholding Employment tax, Reminders Pensions and annuities, Withholding. Amended tax form 1040x Workers' compensation, Workers' Compensation Worksheets, social security, Which worksheet to use. Amended tax form 1040x Prev  Up     Home   More Online Publications
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The Amended Tax Form 1040x

Amended tax form 1040x 4. Amended tax form 1040x   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. Amended tax form 1040x  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. Amended tax form 1040x For more information, see Publication 505. Amended tax form 1040x Reminders Estimated tax safe harbor for higher income taxpayers. Amended tax form 1040x  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. Amended tax form 1040x Introduction This chapter discusses how to pay your tax as you earn or receive income during the year. Amended tax form 1040x In general, the federal income tax is a pay-as-you-go tax. Amended tax form 1040x There are two ways to pay as you go. Amended tax form 1040x Withholding. Amended tax form 1040x If you are an employee, your employer probably withholds income tax from your pay. Amended tax form 1040x Tax also may be withheld from certain other income, such as pensions, bonuses, commissions, and gambling winnings. Amended tax form 1040x The amount withheld is paid to the IRS in your name. Amended tax form 1040x Estimated tax. Amended tax form 1040x If you do not pay your tax through withholding, or do not pay enough tax that way, you may have to pay estimated tax. Amended tax form 1040x People who are in business for themselves generally will have to pay their tax this way. Amended tax form 1040x Also, you may have to pay estimated tax if you receive income such as dividends, interest, capital gains, rent, and royalties. Amended tax form 1040x Estimated tax is used to pay not only income tax, but self-employment tax and alternative minimum tax as well. Amended tax form 1040x This chapter explains these methods. Amended tax form 1040x In addition, it also explains the following. Amended tax form 1040x Credit for withholding and estimated tax. Amended tax form 1040x When you file your 2013 income tax return, take credit for all the income tax withheld from your salary, wages, pensions, etc. Amended tax form 1040x , and for the estimated tax you paid for 2013. Amended tax form 1040x Also take credit for any excess social security or railroad retirement tax withheld (discussed in chapter 37). Amended tax form 1040x Underpayment penalty. Amended tax form 1040x 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. Amended tax form 1040x In most cases, the IRS can figure this penalty for you. Amended tax form 1040x See Underpayment Penalty for 2013 at the end of this chapter. Amended tax form 1040x 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. Amended tax form 1040x This section explains the rules for withholding tax from each of these types of income. Amended tax form 1040x This section also covers backup withholding on interest, dividends, and other payments. Amended tax form 1040x Salaries and Wages Income tax is withheld from the pay of most employees. Amended tax form 1040x Your pay includes your regular pay, bonuses, commissions, and vacation allowances. Amended tax form 1040x It also includes reimbursements and other expense allowances paid under a nonaccountable plan. Amended tax form 1040x See Supplemental Wages , later, for more information about reimbursements and allowances paid under a nonaccountable plan. Amended tax form 1040x If your income is low enough that you will not have to pay income tax for the year, you may be exempt from withholding. Amended tax form 1040x This is explained under Exemption From Withholding , later. Amended tax form 1040x You can ask your employer to withhold income tax from noncash wages and other wages not subject to withholding. Amended tax form 1040x 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 . Amended tax form 1040x Military retirees. Amended tax form 1040x   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. Amended tax form 1040x Household workers. Amended tax form 1040x   If you are a household worker, you can ask your employer to withhold income tax from your pay. Amended tax form 1040x A household worker is an employee who performs household work in a private home, local college club, or local fraternity or sorority chapter. Amended tax form 1040x   Tax is withheld only if you want it withheld and your employer agrees to withhold it. Amended tax form 1040x If you do not have enough income tax withheld, you may have to pay estimated tax, as discussed later under Estimated Tax for 2014 . Amended tax form 1040x Farmworkers. Amended tax form 1040x   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. Amended tax form 1040x Differential wage payments. Amended tax form 1040x    When employees are on leave from employment for military duty, some employers make up the difference between the military pay and civilian pay. Amended tax form 1040x 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. Amended tax form 1040x The wages and withholding will be reported on Form W-2, Wage and Tax Statement. Amended tax form 1040x   The credit employers can claim for differential wages paid to activated military reservists is scheduled to expire for wages paid after December 31, 2013. Amended tax form 1040x 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. Amended tax form 1040x The amount you earn in each payroll period. Amended tax form 1040x The information you give your employer on Form W-4. Amended tax form 1040x Form W-4 includes four types of information that your employer will use to figure your withholding. Amended tax form 1040x Whether to withhold at the single rate or at the lower married rate. Amended tax form 1040x How many withholding allowances you claim (each allowance reduces the amount withheld). Amended tax form 1040x Whether you want an additional amount withheld. Amended tax form 1040x Whether you are claiming an exemption from withholding in 2014. Amended tax form 1040x See Exemption From Withholding , later. Amended tax form 1040x Note. Amended tax form 1040x You must specify a filing status and a number of withholding allowances on Form W-4. Amended tax form 1040x You cannot specify only a dollar amount of withholding. Amended tax form 1040x New Job When you start a new job, you must fill out Form W-4 and give it to your employer. Amended tax form 1040x Your employer should have copies of the form. Amended tax form 1040x If you need to change the information later, you must fill out a new form. Amended tax form 1040x 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. Amended tax form 1040x You may be able to avoid overwithholding if your employer agrees to use the part-year method. Amended tax form 1040x See Part-Year Method in chapter 1 of Publication 505 for more information. Amended tax form 1040x Employee also receiving pension income. Amended tax form 1040x   If you receive pension or annuity income and begin a new job, you will need to file Form W-4 with your new employer. Amended tax form 1040x However, you can choose to split your withholding allowances between your pension and job in any manner. Amended tax form 1040x 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. Amended tax form 1040x 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. Amended tax form 1040x 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. Amended tax form 1040x Generally, you can submit a new Form W-4 whenever you wish to change the number of your withholding allowances for any other reason. Amended tax form 1040x Changing your withholding for 2015. Amended tax form 1040x   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. Amended tax form 1040x If the event occurs in December 2014, submit a new Form W-4 within 10 days. Amended tax form 1040x 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. Amended tax form 1040x If too much or too little tax is being withheld, you should give your employer a new Form W-4 to change your withholding. Amended tax form 1040x You should try to have your withholding match your actual tax liability. Amended tax form 1040x 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. Amended tax form 1040x If too much tax is withheld, you will lose the use of that money until you get your refund. Amended tax form 1040x 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. Amended tax form 1040x Note. Amended tax form 1040x You cannot give your employer a payment to cover withholding on salaries and wages for past pay periods or a payment for estimated tax. Amended tax form 1040x Completing Form W-4 and Worksheets Form W-4 has worksheets to help you figure how many withholding allowances you can claim. Amended tax form 1040x The worksheets are for your own records. Amended tax form 1040x Do not give them to your employer. Amended tax form 1040x Multiple jobs. Amended tax form 1040x   If you have income from more than one job at the same time, complete only one set of Form W-4 worksheets. Amended tax form 1040x Then split your allowances between the Forms W-4 for each job. Amended tax form 1040x You cannot claim the same allowances with more than one employer at the same time. Amended tax form 1040x You can claim all your allowances with one employer and none with the other(s), or divide them any other way. Amended tax form 1040x Married individuals. Amended tax form 1040x   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. Amended tax form 1040x Use only one set of worksheets. Amended tax form 1040x You can divide your total allowances any way, but you cannot claim an allowance that your spouse also claims. Amended tax form 1040x   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. Amended tax form 1040x Alternative method of figuring withholding allowances. Amended tax form 1040x   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. Amended tax form 1040x For more information, see Alternative method of figuring withholding allowances under Completing Form W-4 and Worksheets in Publication 505, chapter 1. Amended tax form 1040x Personal Allowances Worksheet. Amended tax form 1040x   Use the Personal Allowances Worksheet on Form W-4 to figure your withholding allowances based on exemptions and any special allowances that apply. Amended tax form 1040x Deduction and Adjustments Worksheet. Amended tax form 1040x   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. Amended tax form 1040x Also, complete this worksheet when you have changes to these items to see if you need to change your withholding. Amended tax form 1040x Two-Earners/Multiple Jobs Worksheet. Amended tax form 1040x   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. Amended tax form 1040x 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. Amended tax form 1040x 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. Amended tax form 1040x You accurately complete all the Form W-4 worksheets that apply to you. Amended tax form 1040x You give your employer a new Form W-4 when changes occur. Amended tax form 1040x But because the worksheets and withholding methods do not account for all possible situations, you may not be getting the right amount withheld. Amended tax form 1040x This is most likely to happen in the following situations. Amended tax form 1040x You are married and both you and your spouse work. Amended tax form 1040x You have more than one job at a time. Amended tax form 1040x You have nonwage income, such as interest, dividends, alimony, unemployment compensation, or self-employment income. Amended tax form 1040x You will owe additional amounts with your return, such as self-employment tax. Amended tax form 1040x Your withholding is based on obsolete Form W-4 information for a substantial part of the year. Amended tax form 1040x 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. Amended tax form 1040x You work only part of the year. Amended tax form 1040x You change the number of your withholding allowances during the year. Amended tax form 1040x Cumulative wage method. Amended tax form 1040x   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. Amended tax form 1040x 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. Amended tax form 1040x You must ask your employer in writing to use this method. Amended tax form 1040x   To be eligible, you must have been paid for the same kind of payroll period (weekly, biweekly, etc. Amended tax form 1040x ) since the beginning of the year. Amended tax form 1040x Publication 505 To make sure you are getting the right amount of tax withheld, get Publication 505. Amended tax form 1040x 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. Amended tax form 1040x 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. Amended tax form 1040x If you do not have enough tax withheld, you may have to pay estimated tax, as explained under Estimated Tax for 2014 , later. Amended tax form 1040x You can use the IRS Withholding Calculator at www. Amended tax form 1040x irs. Amended tax form 1040x 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. Amended tax form 1040x Rules Your Employer Must Follow It may be helpful for you to know some of the withholding rules your employer must follow. Amended tax form 1040x These rules can affect how to fill out your Form W-4 and how to handle problems that may arise. Amended tax form 1040x New Form W-4. Amended tax form 1040x   When you start a new job, your employer should have you complete a Form W-4. Amended tax form 1040x Beginning with your first payday, your employer will use the information you give on the form to figure your withholding. Amended tax form 1040x   If you later fill out a new Form W-4, your employer can put it into effect as soon as possible. Amended tax form 1040x 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. Amended tax form 1040x No Form W-4. Amended tax form 1040x   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. Amended tax form 1040x Repaying withheld tax. Amended tax form 1040x   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. Amended tax form 1040x Your employer cannot repay any of the tax previously withheld. Amended tax form 1040x Instead, claim the full amount withheld when you file your tax return. Amended tax form 1040x   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. Amended tax form 1040x Your employer can repay the amount that was withheld incorrectly. Amended tax form 1040x 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. Amended tax form 1040x Exemption From Withholding If you claim exemption from withholding, your employer will not withhold federal income tax from your wages. Amended tax form 1040x The exemption applies only to income tax, not to social security or Medicare tax. Amended tax form 1040x You can claim exemption from withholding for 2014 only if both of the following situations apply. Amended tax form 1040x For 2013 you had a right to a refund of all federal income tax withheld because you had no tax liability. Amended tax form 1040x For 2014 you expect a refund of all federal income tax withheld because you expect to have no tax liability. Amended tax form 1040x Students. Amended tax form 1040x   If you are a student, you are not automatically exempt. Amended tax form 1040x See chapter 1 to find out if you must file a return. Amended tax form 1040x If you work only part time or only during the summer, you may qualify for exemption from withholding. Amended tax form 1040x Age 65 or older or blind. Amended tax form 1040x   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. Amended tax form 1040x Do not use either worksheet if you will itemize deductions, claim exemptions for dependents, or claim tax credits on your 2014 return. Amended tax form 1040x Instead, see Itemizing deductions or claiming exemptions or credits in chapter 1 of Publication 505. Amended tax form 1040x Claiming exemption from withholding. Amended tax form 1040x   To claim exemption, you must give your employer a Form W-4. Amended tax form 1040x Do not complete lines 5 and 6. Amended tax form 1040x Enter “Exempt” on line 7. Amended tax form 1040x   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. Amended tax form 1040x 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. Amended tax form 1040x   Your claim of exempt status may be reviewed by the IRS. Amended tax form 1040x An exemption is good for only 1 year. Amended tax form 1040x   You must give your employer a new Form W-4 by February 15 each year to continue your exemption. Amended tax form 1040x Supplemental Wages Supplemental wages include bonuses, commissions, overtime pay, vacation allowances, certain sick pay, and expense allowances under certain plans. Amended tax form 1040x The payer can figure withholding on supplemental wages using the same method used for your regular wages. Amended tax form 1040x 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. Amended tax form 1040x Expense allowances. Amended tax form 1040x   Reimbursements or other expense allowances paid by your employer under a nonaccountable plan are treated as supplemental wages. Amended tax form 1040x   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. Amended tax form 1040x   For more information about accountable and nonaccountable expense allowance plans, see Reimbursements in chapter 26. Amended tax form 1040x Penalties You may have to pay a penalty of $500 if both of the following apply. Amended tax form 1040x You make statements or claim withholding allowances on your Form W-4 that reduce the amount of tax withheld. Amended tax form 1040x You have no reasonable basis for those statements or allowances at the time you prepare your Form W-4. Amended tax form 1040x 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. Amended tax form 1040x The penalty upon conviction can be either a fine of up to $1,000 or imprisonment for up to 1 year, or both. Amended tax form 1040x 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. Amended tax form 1040x A simple error or an honest mistake will not result in one of these penalties. Amended tax form 1040x 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. Amended tax form 1040x Tips The tips you receive while working on your job are considered part of your pay. Amended tax form 1040x You must include your tips on your tax return on the same line as your regular pay. Amended tax form 1040x However, tax is not withheld directly from tip income, as it is from your regular pay. Amended tax form 1040x Nevertheless, your employer will take into account the tips you report when figuring how much to withhold from your regular pay. Amended tax form 1040x See chapter 6 for information on reporting your tips to your employer. Amended tax form 1040x For more information on the withholding rules for tip income, see Publication 531, Reporting Tip Income. Amended tax form 1040x How employer figures amount to withhold. Amended tax form 1040x   The tips you report to your employer are counted as part of your income for the month you report them. Amended tax form 1040x Your employer can figure your withholding in either of two ways. Amended tax form 1040x By withholding at the regular rate on the sum of your pay plus your reported tips. Amended tax form 1040x By withholding at the regular rate on your pay plus a percentage of your reported tips. Amended tax form 1040x Not enough pay to cover taxes. Amended tax form 1040x   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. Amended tax form 1040x See Giving your employer money for taxes in chapter 6. Amended tax form 1040x Allocated tips. Amended tax form 1040x   Your employer should not withhold income tax, Medicare tax, social security tax, or railroad retirement tax on any allocated tips. Amended tax form 1040x Withholding is based only on your pay plus your reported tips. Amended tax form 1040x Your employer should refund to you any incorrectly withheld tax. Amended tax form 1040x See Allocated Tips in chapter 6 for more information. Amended tax form 1040x Taxable Fringe Benefits The value of certain noncash fringe benefits you receive from your employer is considered part of your pay. Amended tax form 1040x Your employer generally must withhold income tax on these benefits from your regular pay. Amended tax form 1040x For information on fringe benefits, see Fringe Benefits under Employee Compensation in chapter 5. Amended tax form 1040x 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. Amended tax form 1040x Your employer must notify you if this choice is made. Amended tax form 1040x For more information on withholding on taxable fringe benefits, see chapter 1 of Publication 505. Amended tax form 1040x 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. Amended tax form 1040x To qualify as sick pay, it must be paid under a plan to which your employer is a party. Amended tax form 1040x If you receive sick pay from your employer or an agent of your employer, income tax must be withheld. Amended tax form 1040x An agent who does not pay regular wages to you may choose to withhold income tax at a flat rate. Amended tax form 1040x 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. Amended tax form 1040x See Form W-4S , later. Amended tax form 1040x 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. Amended tax form 1040x Union agreements. Amended tax form 1040x   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. Amended tax form 1040x See your union representative or your employer for more information. Amended tax form 1040x Form W-4S. Amended tax form 1040x   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. Amended tax form 1040x Its instructions contain a worksheet you can use to figure the amount you want withheld. Amended tax form 1040x They also explain restrictions that may apply. Amended tax form 1040x   Give the completed form to the payer of your sick pay. Amended tax form 1040x The payer must withhold according to your directions on the form. Amended tax form 1040x Estimated tax. Amended tax form 1040x   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. Amended tax form 1040x 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. Amended tax form 1040x See Underpayment Penalty for 2013 at the end of this chapter. Amended tax form 1040x Pensions and Annuities Income tax usually will be withheld from your pension or annuity distributions unless you choose not to have it withheld. Amended tax form 1040x 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. Amended tax form 1040x 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). Amended tax form 1040x Income tax withholding from an ERD is mandatory. Amended tax form 1040x More information. Amended tax form 1040x   For more information on taxation of annuities and distributions (including ERDs) from qualified retirement plans, see chapter 10. Amended tax form 1040x For information on IRAs, see chapter 17. Amended tax form 1040x 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. Amended tax form 1040x Gambling Winnings Income tax is withheld at a flat 25% rate from certain kinds of gambling winnings. Amended tax form 1040x Gambling winnings of more than $5,000 from the following sources are subject to income tax withholding. Amended tax form 1040x Any sweepstakes; wagering pool, including payments made to winners of poker tournaments; or lottery. Amended tax form 1040x Any other wager, if the proceeds are at least 300 times the amount of the bet. Amended tax form 1040x It does not matter whether your winnings are paid in cash, in property, or as an annuity. Amended tax form 1040x Winnings not paid in cash are taken into account at their fair market value. Amended tax form 1040x Exception. Amended tax form 1040x   Gambling winnings from bingo, keno, and slot machines generally are not subject to income tax withholding. Amended tax form 1040x However, you may need to provide the payer with a social security number to avoid withholding. Amended tax form 1040x See Backup withholding on gambling winnings in chapter 1 of Publication 505. Amended tax form 1040x If you receive gambling winnings not subject to withholding, you may need to pay estimated tax. Amended tax form 1040x See Estimated Tax for 2014 , later. Amended tax form 1040x 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. Amended tax form 1040x See Underpayment Penalty for 2013 at the end of this chapter. Amended tax form 1040x Form W-2G. Amended tax form 1040x   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. Amended tax form 1040x Report the tax withheld on line 62 of Form 1040. Amended tax form 1040x Unemployment Compensation You can choose to have income tax withheld from unemployment compensation. Amended tax form 1040x To make this choice, fill out Form W-4V (or a similar form provided by the payer) and give it to the payer. Amended tax form 1040x All unemployment compensation is taxable. Amended tax form 1040x So, if you do not have income tax withheld, you may have to pay estimated tax. Amended tax form 1040x See Estimated Tax for 2014 , later. Amended tax form 1040x 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. Amended tax form 1040x For information, see Underpayment Penalty for 2013 at the end of this chapter. Amended tax form 1040x Federal Payments You can choose to have income tax withheld from certain federal payments you receive. Amended tax form 1040x 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. Amended tax form 1040x S. Amended tax form 1040x C. Amended tax form 1040x 1421 et. Amended tax form 1040x seq. Amended tax form 1040x ), 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. Amended tax form 1040x To make this choice, fill out Form W-4V (or a similar form provided by the payer) and give it to the payer. Amended tax form 1040x If you do not choose to have income tax withheld, you may have to pay estimated tax. Amended tax form 1040x See Estimated Tax for 2014 , later. Amended tax form 1040x 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. Amended tax form 1040x For information, see Underpayment Penalty for 2013 at the end of this chapter. Amended tax form 1040x More information. Amended tax form 1040x   For more information about the tax treatment of social security and railroad retirement benefits, see chapter 11. Amended tax form 1040x Get Publication 225, Farmer's Tax Guide, for information about the tax treatment of commodity credit corporation loans or crop disaster payments. Amended tax form 1040x Backup Withholding Banks or other businesses that pay you certain kinds of income must file an information return (Form 1099) with the IRS. Amended tax form 1040x The information return shows how much you were paid during the year. Amended tax form 1040x It also includes your name and taxpayer identification number (TIN). Amended tax form 1040x TINs are explained in chapter 1 under Social Security Number (SSN) . Amended tax form 1040x These payments generally are not subject to withholding. Amended tax form 1040x However, “backup” withholding is required in certain situations. Amended tax form 1040x Backup withholding can apply to most kinds of payments that are reported on Form 1099. Amended tax form 1040x The payer must withhold at a flat 28% rate in the following situations. Amended tax form 1040x You do not give the payer your TIN in the required manner. Amended tax form 1040x The IRS notifies the payer that the TIN you gave is incorrect. Amended tax form 1040x You are required, but fail, to certify that you are not subject to backup withholding. Amended tax form 1040x The IRS notifies the payer to start withholding on interest or dividends because you have underreported interest or dividends on your income tax return. Amended tax form 1040x The IRS will do this only after it has mailed you four notices over at least a 210-day period. Amended tax form 1040x See Backup Withholding in chapter 1 of Publication 505 for more information. Amended tax form 1040x Penalties. Amended tax form 1040x   There are civil and criminal penalties for giving false information to avoid backup withholding. Amended tax form 1040x The civil penalty is $500. Amended tax form 1040x The criminal penalty, upon conviction, is a fine of up to $1,000 or imprisonment of up to 1 year, or both. Amended tax form 1040x Estimated Tax for 2014 Estimated tax is the method used to pay tax on income that is not subject to withholding. Amended tax form 1040x This includes income from self-employment, interest, dividends, alimony, rent, gains from the sale of assets, prizes, and awards. Amended tax form 1040x 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. Amended tax form 1040x 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. Amended tax form 1040x 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. Amended tax form 1040x 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. Amended tax form 1040x For information on when the penalty applies, see Underpayment Penalty for 2013 at the end of this chapter. Amended tax form 1040x 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. Amended tax form 1040x To do this, give a new Form W-4 to your employer. Amended tax form 1040x See chapter 1 of Publication 505. Amended tax form 1040x Estimated tax not required. Amended tax form 1040x   You do not have to pay estimated tax for 2014 if you meet all three of the following conditions. Amended tax form 1040x You had no tax liability for 2013. Amended tax form 1040x You were a U. Amended tax form 1040x S. Amended tax form 1040x citizen or resident alien for the whole year. Amended tax form 1040x Your 2013 tax year covered a 12-month period. Amended tax form 1040x   You had no tax liability for 2013 if your total tax was zero or you did not have to file an income tax return. Amended tax form 1040x For the definition of “total tax” for 2013, see Publication 505, chapter 2. Amended tax form 1040x Who Must Pay Estimated Tax If you owe additional tax for 2013, you may have to pay estimated tax for 2014. Amended tax form 1040x 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. Amended tax form 1040x General rule. Amended tax form 1040x   In most cases, you must pay estimated tax for 2014 if both of the following apply. Amended tax form 1040x You expect to owe at least $1,000 in tax for 2014, after subtracting your withholding and refundable credits. Amended tax form 1040x 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). Amended tax form 1040x Your 2013 tax return must cover all 12 months. Amended tax form 1040x    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. Amended tax form 1040x Special rules for farmers, fishermen, and higher income taxpayers. Amended tax form 1040x   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. Amended tax form 1040x 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. Amended tax form 1040x See Figure 4-A and Publication 505, chapter 2 for more information. Amended tax form 1040x Figure 4-A. Amended tax form 1040x Do You Have To Pay Estimated Tax? Please click here for the text description of the image. Amended tax form 1040x Figure 4-A Do You Have To Pay Estimated Tax? Aliens. Amended tax form 1040x   Resident and nonresident aliens also may have to pay estimated tax. Amended tax form 1040x Resident aliens should follow the rules in this chapter unless noted otherwise. Amended tax form 1040x Nonresident aliens should get Form 1040-ES (NR), U. Amended tax form 1040x S. Amended tax form 1040x Estimated Tax for Nonresident Alien Individuals. Amended tax form 1040x   You are an alien if you are not a citizen or national of the United States. Amended tax form 1040x You are a resident alien if you either have a green card or meet the substantial presence test. Amended tax form 1040x For more information about the substantial presence test, see Publication 519, U. Amended tax form 1040x S. Amended tax form 1040x Tax Guide for Aliens. Amended tax form 1040x Married taxpayers. Amended tax form 1040x   If you qualify to make joint estimated tax payments, apply the rules discussed here to your joint estimated income. Amended tax form 1040x   You and your spouse can make joint estimated tax payments even if you are not living together. Amended tax form 1040x   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)). Amended tax form 1040x   If you do not qualify to make joint estimated tax payments, apply these rules to your separate estimated income. Amended tax form 1040x Making joint or separate estimated tax payments will not affect your choice of filing a joint tax return or separate returns for 2014. Amended tax form 1040x 2013 separate returns and 2014 joint return. Amended tax form 1040x   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. Amended tax form 1040x You filed a separate return if you filed as single, head of household, or married filing separately. Amended tax form 1040x 2013 joint return and 2014 separate returns. Amended tax form 1040x   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. Amended tax form 1040x You file a separate return if you file as single, head of household, or married filing separately. Amended tax form 1040x   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. Amended tax form 1040x Then multiply the tax on the joint return by the following fraction. Amended tax form 1040x     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. Amended tax form 1040x Joe and Heather filed a joint return for 2013 showing taxable income of $48,500 and a tax of $6,386. Amended tax form 1040x Of the $48,500 taxable income, $40,100 was Joe's and the rest was Heather's. Amended tax form 1040x For 2014, they plan to file married filing separately. Amended tax form 1040x Joe figures his share of the tax on the 2013 joint return as follows. Amended tax form 1040x   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. Amended tax form 1040x 6%     Joe's share of tax on joint return  ($6,386 × 87. Amended tax form 1040x 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. Amended tax form 1040x When figuring your 2014 estimated tax, it may be helpful to use your income, deductions, and credits for 2013 as a starting point. Amended tax form 1040x Use your 2013 federal tax return as a guide. Amended tax form 1040x You can use Form 1040-ES and Publication 505 to figure your estimated tax. Amended tax form 1040x Nonresident aliens use Form 1040-ES (NR) and Publication 505 to figure estimated tax (see chapter 8 of Publication 519 for more information). Amended tax form 1040x You must make adjustments both for changes in your own situation and for recent changes in the tax law. Amended tax form 1040x For a discussion of these changes, visit IRS. Amended tax form 1040x gov. Amended tax form 1040x For more complete information on how to figure your estimated tax for 2014, see chapter 2 of Publication 505. Amended tax form 1040x When To Pay Estimated Tax For estimated tax purposes, the tax year is divided into four payment periods. Amended tax form 1040x Each period has a specific payment due date. Amended tax form 1040x 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. Amended tax form 1040x The payment periods and due dates for estimated tax payments are shown next. Amended tax form 1040x   For the period: Due date:*     Jan. Amended tax form 1040x 1 – March 31 April 15     April 1 – May 31 June 16     June 1 – August 31 Sept. Amended tax form 1040x 15     Sept. Amended tax form 1040x 1– Dec. Amended tax form 1040x 31 Jan. Amended tax form 1040x 15, next year     *See Saturday, Sunday, holiday rule and January payment . Amended tax form 1040x Saturday, Sunday, holiday rule. Amended tax form 1040x   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. Amended tax form 1040x January payment. Amended tax form 1040x   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. Amended tax form 1040x Fiscal year taxpayers. Amended tax form 1040x   If your tax year does not start on January 1, see the Form 1040-ES instructions for your payment due dates. Amended tax form 1040x When To Start You do not have to make estimated tax payments until you have income on which you will owe income tax. Amended tax form 1040x 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. Amended tax form 1040x You can pay all your estimated tax at that time, or you can pay it in installments. Amended tax form 1040x If you choose to pay in installments, make your first payment by the due date for the first payment period. Amended tax form 1040x Make your remaining installment payments by the due dates for the later periods. Amended tax form 1040x No income subject to estimated tax during first period. Amended tax form 1040x    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. Amended tax form 1040x 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. Amended tax form 1040x The following chart shows when to make installment payments. Amended tax form 1040x 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. Amended tax form 1040x 15 Jan. Amended tax form 1040x 15 next year April 1–May 31 June 16 Sept. Amended tax form 1040x 15 Jan. Amended tax form 1040x 15 next year June 1–Aug. Amended tax form 1040x 31 Sept. Amended tax form 1040x 15 Jan. Amended tax form 1040x 15 next year After Aug. Amended tax form 1040x 31 Jan. Amended tax form 1040x 15 next year (None) *See Saturday, Sunday, holiday rule and January payment . Amended tax form 1040x How much to pay to avoid a penalty. Amended tax form 1040x   To determine how much you should pay by each payment due date, see How To Figure Each Payment, next. Amended tax form 1040x 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. Amended tax form 1040x You can figure your required payment for each period by using either the regular installment method or the annualized income installment method. Amended tax form 1040x These methods are described in chapter 2 of Publication 505. Amended tax form 1040x 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. Amended tax form 1040x 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. Amended tax form 1040x Underpayment penalty. Amended tax form 1040x   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. Amended tax form 1040x Under the annualized income installment method, your estimated tax payments vary with your income, but the amount required must be paid each period. Amended tax form 1040x See chapter 4 of Publication 505 for more information. Amended tax form 1040x Change in estimated tax. Amended tax form 1040x   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. Amended tax form 1040x 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. Amended tax form 1040x 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. Amended tax form 1040x 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. Amended tax form 1040x How To Pay Estimated Tax There are several ways to pay estimated tax. Amended tax form 1040x Credit an overpayment on your 2013 return to your 2014 estimated tax. Amended tax form 1040x Pay by direct transfer from your bank account, or pay by credit or debit card using a pay-by-phone system or the Internet. Amended tax form 1040x Send in your payment (check or money order) with a payment voucher from Form 1040-ES. Amended tax form 1040x 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. Amended tax form 1040x 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. Amended tax form 1040x Take the amount you have credited into account when figuring your estimated tax payments. Amended tax form 1040x 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. Amended tax form 1040x You also cannot use that overpayment in any other way. Amended tax form 1040x Pay Online Paying online is convenient and secure and helps make sure we get your payments on time. Amended tax form 1040x You can pay using either of the following electronic payment methods. Amended tax form 1040x Direct transfer from your bank account. Amended tax form 1040x Credit or debit card. Amended tax form 1040x To pay your taxes online or for more information, go to www. Amended tax form 1040x irs. Amended tax form 1040x gov/e-pay. Amended tax form 1040x Pay by Phone Paying by phone is another safe and secure method of paying electronically. Amended tax form 1040x Use one of the following methods. Amended tax form 1040x Direct transfer from your bank account. Amended tax form 1040x Credit or debit card. Amended tax form 1040x To pay by direct transfer from your bank account, call 1-800-555-4477 (English), 1-800-244-4829 (Espanol). Amended tax form 1040x 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. Amended tax form 1040x To pay using a credit or debit card, you can call one of the following service providers. Amended tax form 1040x There is a convenience fee charged by these providers that varies by provider, card type, and payment amount. Amended tax form 1040x WorldPay 1-888-9-PAY-TAXTM(1-888-972-9829) www. Amended tax form 1040x payUSAtax. Amended tax form 1040x com Official Payments Corporation 1-888-UPAY-TAXTM (1-888-872-9829) www. Amended tax form 1040x officialpayments. Amended tax form 1040x com Link2Gov Corporation 1-888-PAY-1040TM (1-888-729-1040) www. Amended tax form 1040x PAY1040. Amended tax form 1040x com For the latest details on how to pay by phone, go to www. Amended tax form 1040x irs. Amended tax form 1040x gov/e-pay. Amended tax form 1040x 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. Amended tax form 1040x 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. Amended tax form 1040x The enclosed payment vouchers will be preprinted with your name, address, and social security number. Amended tax form 1040x Using the preprinted vouchers will speed processing, reduce the chance of error, and help save processing costs. Amended tax form 1040x Use the window envelopes that came with your Form 1040-ES package. Amended tax form 1040x 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. Amended tax form 1040x Note. Amended tax form 1040x These criteria can change without notice. Amended tax form 1040x 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. Amended tax form 1040x irs. Amended tax form 1040x gov and print a copy of Form 1040-ES which includes four blank payment vouchers. Amended tax form 1040x Complete one of these and make your payment timely to avoid penalties for paying late. Amended tax form 1040x Do not use the address shown in the Form 1040 or Form 1040A instructions for your estimated tax payments. Amended tax form 1040x 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. Amended tax form 1040x gov. Amended tax form 1040x Follow the instructions to make sure you use the vouchers correctly. Amended tax form 1040x Joint estimated tax payments. Amended tax form 1040x   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. Amended tax form 1040x Change of address. Amended tax form 1040x   You must notify the IRS if you are making estimated tax payments and you changed your address during the year. Amended tax form 1040x Complete Form 8822, Change of Address, and mail it to the address shown in the instructions for that form. Amended tax form 1040x 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. Amended tax form 1040x Also take credit for the estimated tax you paid for 2013. Amended tax form 1040x These credits are subtracted from your total tax. Amended tax form 1040x Because these credits are refundable, you should file a return and claim these credits, even if you do not owe tax. Amended tax form 1040x Two or more employers. Amended tax form 1040x   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. Amended tax form 1040x You may be able to claim the excess as a credit against your income tax when you file your return. Amended tax form 1040x See Credit for Excess Social Security Tax or Railroad Retirement Tax Withheld in chapter 37. Amended tax form 1040x 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. Amended tax form 1040x 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. Amended tax form 1040x Forms W-2 and W-2G. Amended tax form 1040x   If you file a paper return, always file Form W-2 with your income tax return. Amended tax form 1040x File Form W-2G with your return only if it shows any federal income tax withheld from your winnings. Amended tax form 1040x   You should get at least two copies of each form. Amended tax form 1040x If you file a paper return, attach one copy to the front of your federal income tax return. Amended tax form 1040x Keep one copy for your records. Amended tax form 1040x You also should receive copies to file with your state and local returns. Amended tax form 1040x Form W-2 Your employer is required to provide or send Form W-2 to you no later than January 31, 2014. Amended tax form 1040x You should receive a separate Form W-2 from each employer you worked for. Amended tax form 1040x 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. Amended tax form 1040x However, your employer must provide or send it to you by January 31, 2014. Amended tax form 1040x 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. Amended tax form 1040x If you have not received your Form W-2 by January 31, you should ask your employer for it. Amended tax form 1040x If you do not receive it by February 15, call the IRS. Amended tax form 1040x 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. Amended tax form 1040x 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. Amended tax form 1040x In addition, Form W-2 is used to report any taxable sick pay you received and any income tax withheld from your sick pay. Amended tax form 1040x Form W-2G If you had gambling winnings in 2013, the payer may have withheld income tax. Amended tax form 1040x If tax was withheld, the payer will give you a Form W-2G showing the amount you won and the amount of tax withheld. Amended tax form 1040x Report the amounts you won on line 21 of Form 1040. Amended tax form 1040x Take credit for the tax withheld on line 62 of Form 1040. Amended tax form 1040x If you had gambling winnings, you must use Form 1040; you cannot use Form 1040A or Form 1040EZ. Amended tax form 1040x The 1099 Series Most forms in the 1099 series are not filed with your return. Amended tax form 1040x 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). Amended tax form 1040x Unless instructed to file any of these forms with your return, keep them for your records. Amended tax form 1040x 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. Amended tax form 1040x ; Form 1099-S, Proceeds From Real Estate Transactions; Form RRB-1099, Payments by the Railroad Retirement Board. Amended tax form 1040x 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. Amended tax form 1040x See the instructions to these forms for details. Amended tax form 1040x Form 1099-R. Amended tax form 1040x   Attach Form 1099-R to your paper return if box 4 shows federal income tax withheld. Amended tax form 1040x Include the amount withheld in the total on line 62 of Form 1040 or line 36 of Form 1040A. Amended tax form 1040x You cannot use Form 1040EZ if you received payments reported on Form 1099-R. Amended tax form 1040x Backup withholding. Amended tax form 1040x   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. Amended tax form 1040x Form Not Correct If you receive a form with incorrect information on it, you should ask the payer for a corrected form. Amended tax form 1040x Call the telephone number or write to the address given for the payer on the form. Amended tax form 1040x The corrected Form W-2G or Form 1099 you receive will have an “X” in the “CORRECTED” box at the top of the form. Amended tax form 1040x A special form, Form W-2c, Corrected Wage and Tax Statement, is used to correct a Form W-2. Amended tax form 1040x In certain situations, you will receive two forms in place of the original incorrect form. Amended tax form 1040x 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). Amended tax form 1040x One new form you receive will be the same incorrect form or have the same incorrect information, but all money amounts will be zero. Amended tax form 1040x This form will have an “X” in the “CORRECTED” box at the top of the form. Amended tax form 1040x The second new form should have all the correct information, prepared as though it is the original (the “CORRECTED” box will not be checked). Amended tax form 1040x 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. Amended tax form 1040x S. Amended tax form 1040x Individual Income Tax Return. Amended tax form 1040x Separate Returns If you are married but file a separate return, you can take credit only for the tax withheld from your own income. Amended tax form 1040x Do not include any amount withheld from your spouse's income. Amended tax form 1040x However, different rules may apply if you live in a community property state. Amended tax form 1040x Community property states are listed in chapter 2. Amended tax form 1040x For more information on these rules, and some exceptions, see Publication 555, Community Property. Amended tax form 1040x 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. Amended tax form 1040x 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. Amended tax form 1040x Estimated Tax Take credit for all your estimated tax payments for 2013 on line 63 of Form 1040 or line 37 of Form 1040A. Amended tax form 1040x Include any overpayment from 2012 that you had credited to your 2013 estimated tax. Amended tax form 1040x You must use Form 1040 or Form 1040A if you paid estimated tax. Amended tax form 1040x You cannot use Form 1040EZ. Amended tax form 1040x Name changed. Amended tax form 1040x   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. Amended tax form 1040x The statement should cover payments you made jointly with your spouse as well as any you made separately. Amended tax form 1040x   Be sure to report the change to the Social Security Administration. Amended tax form 1040x This prevents delays in processing your return and issuing any refunds. Amended tax form 1040x 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. Amended tax form 1040x If you made joint estimated tax payments, you must decide how to divide the payments between your returns. Amended tax form 1040x 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. Amended tax form 1040x 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. Amended tax form 1040x 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. Amended tax form 1040x 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. Amended tax form 1040x 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. Amended tax form 1040x 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. Amended tax form 1040x 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. Amended tax form 1040x Generally, you will not have to pay a penalty for 2013 if any of the following apply. Amended tax form 1040x 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. Amended tax form 1040x 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. Amended tax form 1040x Your total 2013 tax minus your withholding and refundable credits is less than $1,000. Amended tax form 1040x 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. Amended tax form 1040x See Publication 505, chapter 4, for a definition of “total tax” for 2012 and 2013. Amended tax form 1040x Farmers and fishermen. Amended tax form 1040x   Special rules apply if you are a farmer or fisherman. Amended tax form 1040x See Farmers and Fishermen in chapter 4 of Publication 505 for more information. Amended tax form 1040x IRS can figure the penalty for you. Amended tax form 1040x   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. Amended tax form 1040x Generally, the IRS will figure the penalty for you and send you a bill. Amended tax form 1040x 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. Amended tax form 1040x See chapter 4 of Publication 505. Amended tax form 1040x Prev  Up  Next   Home   More Online Publications