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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 you expect to be shown on your current year's tax return?

*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