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Tax Trails - Do You Have to Pay Estimated Tax?

Do you expect your income tax withholding and refundable credits* to be at least 90% (66⅔% for farmers and fishermen) of the total tax to be shown on your current year's tax return?

*Use the refundable credits shown on the 2014 Estimated Tax Worksheet, line 13b of Form 1040-ES (.pdf), Estimated Tax for Individuals.

Yes         No

 

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Page Last Reviewed or Updated: 01-Jan-2014