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Tax Trails - Do You Have to Pay Estimated Tax?

Do you expect to owe $1,000 or more for the current tax year after subtracting income tax withholding and refundable credits* from your total tax? (Do not subtract any estimated tax payment.)

*Refer to the refundable credits shown on line 13b of the 2015 Estimated Tax Worksheet, in Form 1040-ES (.pdf), Estimated Tax for Individuals.


Yes      No

 

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Page Last Reviewed or Updated: 24-Jul-2015