IRS logo PrintHelpGlossaryReferences
Finishing the Return
Estimated Tax PreviousNext

Who Must Pay Estimated Tax (continued)

Case Study

Jayne is single and retired. She works part time as an usher in a movie theater. Jayne's total income, which was $26,421, included $3,500 of interest income with no tax withheld.

Jayne's tax return this year shows she will owe $1,008 in taxes (after taking into account her expected tax withheld and credits).

Does Jayne meet the first of the two required conditions for having to pay estimated taxes?

 Photo of Jayne with a tub of popcorn in the background
ExitHome Think about your answer, then click Next to continue. Page 88 of 203 PreviousNext