Form 1040 ES/OCR Estimated Tax for Individuals (Optical Character Recogni

Form 1040-ES (OCR)
Department of the Treasury
Internal Revenue Service
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䊳
䊳

2012
OMB No. 1545-0074

Estimated Tax

Make your check or money order payable to “United States Treasury.”
Enter your SSN and “2012 Form 1040-ES” on your payment.
If your name, address, or SSN is incorrect, see instructions.

Payment
Voucher

1

Amount of estimated tax you are
paying by check or money order.

Calendar year—
Due April 17, 2012
Dollars

Cents

For Privacy Act and Paperwork Reduction Act Notice, see instructions.

Form 1040-ES (OCR)
Department of the Treasury
Internal Revenue Service
䊳
䊳
䊳

2012
OMB No. 1545-0074

Estimated Tax

Make your check or money order payable to “United States Treasury.”
Enter your SSN and “2012 Form 1040-ES” on your payment.
If your name, address, or SSN is incorrect, see instructions.

Payment
Voucher

2

Amount of estimated tax you are
paying by check or money order.

Calendar year—
Due June 15, 2012
Dollars

Cents

For Privacy Act and Paperwork Reduction Act Notice, see instructions.

Form 1040-ES (OCR)
Department of the Treasury
Internal Revenue Service
䊳
䊳
䊳

2012
OMB No. 1545-0074

Estimated Tax

Make your check or money order payable to “United States Treasury.”
Enter your SSN and “2012 Form 1040-ES” on your payment.
If your name, address, or SSN is incorrect, see instructions.

Payment
Voucher

3

Amount of estimated tax you are
paying by check or money order.

Calendar year—
Due Sept. 17, 2012
Dollars

Cents

For Privacy Act and Paperwork Reduction Act Notice, see instructions.

Form 1040-ES (OCR)
Department of the Treasury
Internal Revenue Service
䊳
䊳
䊳

2012

OMB No. 1545-0074

Estimated Tax

Make your check or money order payable to “United States Treasury.”
Enter your SSN and “2012 Form 1040-ES” on your payment.
If your name, address, or SSN is incorrect, see instructions.

Payment
Voucher

4

Amount of estimated tax you are
paying by check or money order.

Cat. No. 61900V

Calendar year—
Due Jan. 15, 2013
Dollars

Cents

For Privacy Act and Paperwork Reduction Act Notice, see instructions.

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2011

Form 1040-ES/V (OCR)

Department of the Treasury
Internal Revenue Service

Estimated Tax for Individuals
Purpose of This Package

Special Rules

This package contains two types of payment vouchers, one for
making estimated tax payments for the 2011 tax year and
another for paying the balance due on your 2010 tax return.
Read the information below to see if you need to use any of the
vouchers. If not, you can discard them.
Estimated tax is the method used to pay tax on income that
is not subject to withholding (for example, earnings from
self-employment, interest, dividends, rents, alimony, etc.). In
addition, if you do not elect voluntary withholding, you should
make estimated tax payments on other taxable income, such as
unemployment compensation and the taxable part of your
social security benefits.
Change of name or SSN. The estimated tax payment
vouchers are preprinted with your name, address, and social
security number (SSN). If your name or SSN is not correct,
make the necessary changes on the vouchers. Cross out the
name and SSN of a deceased or divorced spouse.
Change of address. If your address has changed, file Form
8822, Change of Address, to update your record.

Increase Your Withholding

Form 1040-V Included in This Package
We have included Form 1040-V, Payment Voucher, and its
instructions with your estimated tax payment vouchers. Use
Form 1040-V when sending in a check or money order to pay
any balance due shown on your 2010 Form 1040, line 76; Form
1040A, line 48; or Form 1040EZ, line 13. However, if you do not
have a balance due on your 2010 tax return, discard the Form
1040-V in this package.

!

CAUTION

Do not use Form 1040-V to make any 2011 estimated
tax payments. Payments made with Form 1040-V will be
credited only to your 2010 tax.

There are special rules for farmers, fishermen, certain
household employers, and certain higher income taxpayers.
Farmers and fishermen. If at least two-thirds of your gross
income for 2010 or 2011 is from farming or fishing, substitute
662/3% for 90% in (2a) under General Rule, earlier.
Household employers. When estimating the tax on your 2011
tax return, include your household employment taxes if either of
the following applies.
• You will have federal income tax withheld from wages,
pensions, annuities, gambling winnings, or other income.
• You would be required to make estimated tax payments to
avoid a penalty even if you did not include household
employment taxes when figuring your estimated tax.
Higher income taxpayers. If your adjusted gross income
(AGI) for 2010 was more than $150,000 ($75,000 if your filing
status for 2011 is married filing separately), substitute 110% for
100% in (2b) under General Rule, earlier. This rule does not
apply to farmers or fishermen.
If you also receive salaries and wages, you may be able to
avoid having to make estimated tax payments on your other
income by asking your employer to take more tax out of your
earnings. To do this, file a new Form W-4, Employee’s
Withholding Allowance Certificate, with your employer.
Generally, if you receive a pension or annuity you can use
Form W-4P, Withholding Certificate for Pension or Annuity
Payments, to start or change your withholding from these
payments.
You can also choose to have federal income tax withheld
from certain government payments. For details, see Form
W-4V, Voluntary Withholding Request.

Additional Information You May Need

Who Must Make Estimated Tax
Payments
The estimated tax rules apply to:
• U.S. citizens and resident aliens;
• Residents of Puerto Rico, the U.S. Virgin Islands, Guam, the
Commonwealth of the Northern Mariana Islands, and American
Samoa; and
• Nonresident aliens (use Form 1040-ES (NR)).

General Rule
In most cases, you must pay estimated tax for 2011 if both of
the following apply.
1. You expect to owe at least $1,000 in tax for 2011, after
subtracting your withholding and refundable credits.
2. You expect your withholding and refundable credits to be
less than the smaller of:
a. 90% of the tax to be shown on your 2011 tax return, or
b. 100% of the tax shown on your 2010 tax return. Your
2010 return must cover all 12 months.
Note. These percentages may be different if you are a farmer,
fisherman, or higher income taxpayer. See Special Rules on
this page.
Exception. You do not have to pay estimated tax for 2011 if
you were a U.S. citizen or resident alien for all of 2010 and you
had no tax liability for the full 12-month 2010 tax year. You had
no tax liability for 2010 if your total tax was zero or you did not
have to file an income tax return.

You can find most of the information you will need in Pub. 505,
Tax Withholding and Estimated Tax.
Other available information:
• Instructions for the 2010 Form 1040 or 1040A.
• Important Changes. Go to IRS.gov, click on Forms and
Publications, and then on Changes to Current Tax Products or
Highlights of Recent Tax Changes.
For details on how to get forms and publications, see page
93 of the 2010 Instructions for Form 1040 or page 81 of the
2010 Instructions for Form 1040A. If you have tax questions,
call 1-800-829-1040 for assistance. For TTY/TDD help, call
1-800-829-4059.

What’s New
Use your 2010 tax return as a guide in figuring your 2011
estimated tax, but be sure to consider the following.
Recent legislation (Tax Relief, Unemployment Insurance
Reauthorization, and Job Creation Act of 2010) extended many
of the tax provisions that were set to expire in 2010. This
section lists only those provisions that were changed in addition
to being extended, as well as those that were not extended.
Also listed are tax benefits with adjustments for inflation. For
more information, see IRS.gov.
Income limits for excluding education savings bond
interest increased. In order to exclude interest, your modified
adjusted gross income (MAGI) must be less than $86,100
($136,650 if married filing jointly or qualifying widow(er)).

Cat. No. 10510X

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• A total combined credit limit of $500 for all tax years after

Foreign earned income exclusion. The maximum exclusion
has increased to $92,900.
Qualified charitable distribution (QCD). Tax-free treatment
of distributions from traditional and Roth IRAs for charitable
purposes has been extended through December 31, 2011, with
the following special rule. For QCDs made during January
2011, you can elect to have the distribution deemed to have
been made on December 31, 2010. If you make this election,
the QCD will count toward your 2010 exclusion limit of
$100,000, as well as your 2010 minimum required distribution.
Standard deduction. If you do not itemize your deductions,
you can take the 2011 standard deduction listed below for your
filing status.
IF your
2011 filing status is . . .

2005 (Form 5695, Part I).
• A combined credit limit of $200 for windows for all tax years
after 2005.
• A maximum credit for residential energy property costs of $50
for any advanced main air circulating fan; $150 for any qualified
natural gas, propane, or oil furnace or hot water boiler; and
$300 for any item of energy-efficient building property.
Adoption credit or exclusion. The maximum adoption credit
or exclusion for employer provided adoption benefits has
increased to $13,360. In order to claim either the credit or
exclusion, your MAGI must be less than $225,210.
Temporary decrease in employee’s share of payroll tax.
Social security tax will be withheld from an employee’s wages
at the rate of 4.2% (down from 6.2%) up to the social security
wage limit of $106,800. There will be no change to Medicare
withholding.

THEN your
standard deduction is . . .

Married filing jointly or
Qualifying widow(er)

$11,600

Head of household

$ 8,500

Single or Married filing separately

$ 5,800

The same reduction applies to net earnings from
self-employment — the temporary rate will be 10.4% (down from
12.4%) up to the social security wage limit of $106,800. The
method of figuring “one-half of self-employment tax” for
adjusted gross income will change slightly, and a worksheet is
provided (see line 1 instructions).

However, if you can be claimed as a dependent on another
person’s 2011 return, your standard deduction is the greater of:
• $950, or
• Your earned income plus $300 (up to the standard deduction
amount).
Your standard deduction is increased by the following
amount if, at the end of 2011, you are:
• An unmarried individual (single or head of household) and
are:

Increase in additional tax on certain distributions not used
for qualified medical expenses. The tax on distributions from
health savings accounts (HSAs) and Archer MSAs made after
December 31, 2010, that are not used for qualified medical
expenses, is increased to 20%.
Earned income credit (EIC). You may be able to take the EIC
if:
• Three or more children lived with you and you earned less
than $43,998 ($49,078 if married filing jointly),
• Two children lived with you and you earned less than
$40,964 ($46,044 if married filing jointly),
• One child lived with you and you earned less than $36,052
($41,132 if married filing jointly), or
• A child did not live with you and you earned less than
$13,660 ($18,740 if married filing jointly).

65 or older or blind . . . . . . . . . . . . . . . . . . . . . . . . . . $1,450
65 or older and blind . . . . . . . . . . . . . . . . . . . . . . . . . $2,900

• A married individual (filing jointly or separately) or a qualifying
widow(er) and are:

65 or older or blind . . . . . . . . . . .
65 or older and blind . . . . . . . . . .
Both spouses 65 or older . . . . . .
Both spouses 65 or older and blind

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$1,150
$2,300
$2,300*
$4,600*

Also, the maximum AGI you can have and still get the credit
has increased. You may be able to take the credit if your AGI is
less than the amount in the above list that applies to you. The
maximum investment income you can have and get the credit
has increased to $3,150.

*If married filing separately, these amounts apply only if you can claim an
exemption for your spouse.

Your standard deduction is zero if (a) your spouse
itemizes on a separate return, or (b) you were a
CAUTION
dual-status alien and you do not elect to be taxed as a
resident alien for 2011.
Standard mileage rate. The rate for business use of your
vehicle is increased to 51 cents per mile. The rate for use of
your vehicle to get medical care or move is increased to 19
cents per mile. The rate of 14 cents per mile for charitable use
is unchanged.
Personal exemption increased. For tax years beginning in
2011, the personal exemption amount is increased to $3,700.
Alternative minimum tax (AMT) exemption amount
increased. The AMT exemption is increased to $48,450
($74,450 if married filing jointly or a qualifying widow(er);
$37,225 if married filing separately).
Lifetime learning credit income limits increased. In order to
claim a lifetime learning credit, your MAGI must be less than
$61,000 ($122,000 if married filing jointly).
Retirement savings contribution credit income limits
increased. In order to claim this credit, your MAGI must be
less than $28,250 ($56,500 if married filing jointly; $42,375 if
head of household).
Nonbusiness energy property credit. This credit has been
extended for 1 year with a reduced rate of 10%. Amounts
provided by subsidized federal, state, or local energy financing
do not qualify for the credit. The energy-efficiency standards for
qualified natural gas, propane, or oil furnaces, or hot water
boilers have been increased. For 2011, the credit is limited as
follows.

!

Health coverage tax credit (HCTC). Beginning after February
12, 2011, the credit has decreased to 65% (from 80%) for
amounts paid for qualified health insurance coverage for you,
your spouse, and other qualifying family members.

Reminder
Roth IRAs. If you rolled over or converted part or all of
another retirement plan to a Roth IRA in 2010, or made an
in-plan rollover to a designated Roth account after September
27, 2010, and did not elect to include the resulting taxable
amount in income for 2010, you must report half of that taxable
amount on your 2011 return and the other half on your 2012
return. See the instructions for Form 8606 for more information.

Expiring Tax Benefits
The following benefits are scheduled to expire or have been
repealed and will not be available for 2011.

• Making work pay credit.
• Self-employed health insurance deduction when figuring

self-employment tax.
• Exclusion from income of benefits provided to volunteer
firefighters and emergency medical responders.
• Computer technology and equipment allowed as qualified
higher education expenses for qualified tuition programs
(section 529 plans).
• Exemption from alternative minimum tax treatment for certain
tax-exempt bonds.
• Advance earned income credit.

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Form 1040-ES/V (2011)

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How To Figure Your Estimated Tax

month of the following fiscal year. If any payment date falls on a
Saturday, Sunday, or legal holiday, use the next business day.

You will need:
• The 2011 Estimated Tax Worksheet on page 7,
• The Instructions for the 2011 Estimated Tax Worksheet on
pages 5 and 6,
• The 2011 Tax Rate Schedules on page 6, and
• Your 2010 tax return and instructions to use as a guide to
figuring your income, deductions, and credits (but be sure to
consider the items listed under What’s New that begins on page
1).
Matching estimated tax payments to income. If you receive
your income unevenly throughout the year (for example,
because you operate your business on a seasonal basis or you
have a large capital gain late in the year), you may be able to
lower or eliminate the amount of your required estimated tax
payment for one or more periods by using the annualized
income installment method. See chapter 2 of Pub. 505 for
details.
Changing your estimated tax. To amend or correct your
estimated tax, see How To Amend Estimated Tax Payments on
this page.

Name Change
If you changed your name because of marriage, divorce, etc.,
and you made estimated tax payments using your former name,
attach a statement to the front of your 2011 tax return. On the
statement, show all of the estimated tax payments you (and
your spouse, if filing jointly) made for 2011 and the name(s) and
SSN(s) under which you made the payments.
Be sure to report the change to your local Social Security
Administration office before filing your 2011 tax return. This
prevents delays in processing your return and issuing refunds.
It also safeguards your future social security benefits. For more
details, call the Social Security Administration at
1-800-772-1213 (TTY/TDD 1-800-325-0778).

How To Amend Estimated Tax Payments
To change or amend your estimated tax payments, refigure
your total estimated tax payments due (line 16a of the
worksheet on page 7). Then, to figure the payment due for each
remaining payment period, see Amended estimated tax in
chapter 2 of Pub. 505. If an estimated tax payment for a
previous period is less than one-fourth of your amended
estimated tax, you may owe a penalty when you file your return.

You cannot make joint estimated tax payments if you or
your spouse is a nonresident alien, you are separated
CAUTION
under a decree of divorce or separate maintenance, or
you and your spouse have different tax years.

!

When a Penalty Is Applied

Payment Due Dates

In some cases, you may owe a penalty when you file your
return. The penalty is imposed on each underpayment for the
number of days it remains unpaid. A penalty may be applied if
you did not pay enough estimated tax for the year or you did not
make the payments on time or in the required amount. A
penalty may apply even if you have an overpayment on your tax
return.
The penalty may be waived under certain conditions. See
chapter 4 of Pub. 505 for details.

You can pay all of your estimated tax by April 18, 2011, or in
four equal amounts by the dates shown below.
1st payment .
2nd payment .
3rd payment .
4th payment .

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. April 18, 2011
. June 15, 2011
. Sept. 15, 2011
. Jan. 17, 2012*

* You do not have to make the payment due January 17, 2012, if
you file your 2011 tax return by January 31, 2012, and pay the
entire balance due with your return.

How To Pay Estimated Tax

If you mail your payment and it is postmarked by the due
date, the date of the U.S. postmark is considered the date of
payment. If your payments are late or you did not pay enough,
you may be charged a penalty for underpaying your tax. See
When a Penalty Is Applied on this page.

Pay by Check or Money Order Using the
Estimated Tax Payment Voucher
There is a separate estimated tax payment voucher for each
due date. The due date is shown in the upper right corner.
Complete and send in the voucher only if you are making a
payment by check or money order. If you and your spouse plan
to file separate returns, file separate estimated tax payment
vouchers instead of a joint voucher.
To complete the voucher, do the following.
• Enter in the box provided on the estimated tax payment
voucher only the amount you are sending in by check or money
order. When making payments of estimated tax, be sure to take
into account any 2010 overpayment that you choose to credit
against your 2011 tax, but do not include the overpayment
amount in this box.
• Make your check or money order payable to “United States
Treasury.” Do not send cash. To help process your payment
accurately, enter the amount on the right side of the check like
this: $ XXX.XX. Do not use dashes
or lines (for example, do not
xx
enter “$ XXX — ” or “$ XXX 100”).
• Enter “2011 Form 1040-ES” and your SSN on your check or
money order. If you are filing a joint estimated tax payment
voucher, enter the SSN that you will show first on your joint
return.
• Enclose, but do not staple or attach, your payment with the
estimated tax payment voucher.

If you want, you can make more than four estimated tax
TIP payments. To do so, make a copy of one of your unused
estimated tax payment vouchers, fill it in, and mail it with
your payment. If you make more than four payments, to avoid a
penalty make sure the total of the amounts you pay during a
payment period is at least as much as the amount required to
be paid by the due date for that period. For other payment
methods, see Pay Electronically on this page.
No income subject to estimated tax during first payment
period. If, after March 31, 2011, you have a large change in
income, deductions, additional taxes, or credits that requires
you to start making estimated tax payments, you should figure
the amount of your estimated tax payments by using the
annualized income installment method, explained in chapter 2
of Pub. 505. If you use the annualized income installment
method, file Form 2210, Underpayment of Estimated Tax by
Individuals, Estates, and Trusts, including Schedule AI, with
your 2011 tax return even if no penalty is owed.
Farmers and fishermen. If at least two-thirds of your gross
income for 2010 or 2011 is from farming or fishing, you can do
one of the following.
• Pay all of your estimated tax by January 17, 2012.
• File your 2011 Form 1040 by March 1, 2012, and pay the
total tax due. In this case, 2011 estimated tax payments are not
required to avoid a penalty.
Fiscal year taxpayers. You are on a fiscal year if your
12-month tax period ends on any day except December 31.
Due dates for fiscal year taxpayers are the 15th day of the 4th,
6th, and 9th months of your current fiscal year and the 1st
Form 1040-ES/V (2011)

Pay Electronically
Paying electronically helps to ensure timely receipt of your
estimated tax payment. You can pay electronically using the
following electronic payment options.
• Electronic Federal Tax Payment System (EFTPS).
• Electronic funds withdrawal (EFW).
• Credit or debit card.

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EPS Filename: 10510x02

Size: Width = 46.0 picas, Depth = 21.5 picas

For information on paying your taxes electronically go to
www.irs.gov/e-pay.

If you live in a foreign country, U.S.
possession or territory;* or use an
APO or FPO address; or file Form
2555, 2555-EZ, or 4563; or are a
dual-status alien

Where To File Your Estimated Tax
Payment Voucher
Mail your estimated tax payment voucher and check or money
order to the address printed on the right-hand side of the
voucher. Use the window envelopes that were included with the
vouchers. Do not mail your tax return to this address. Also, do
not mail your estimated tax payments to the address shown in
the Form 1040 or 1040A instructions.

* If you are a bona fide resident of American Samoa, Puerto Rico,
Guam,** the U.S. Virgin Islands,** or the Northern Mariana Islands,**
see Pub. 570, chapter 3.
** Bona fide residents of Guam, the U.S. Virgin Islands, and the
Northern Mariana Islands must prepare separate vouchers for
estimated income tax and self-employment tax payments. Send the
self-employment tax vouchers to the IRS at the Charlotte address
above. Send the income tax vouchers to the local address given in Pub.
570, chapter 3.

Only the U.S. Postal Service can deliver to P.O. boxes.
Therefore, you cannot use a private delivery service to
CAUTION
make estimated tax payments required to be sent to a
P.O. box.

!

Payment
number

Record of Estimated Tax Payments (Farmers, fishermen, and fiscal
year taxpayers, see page 3 for payment due dates.)

Payment
due
date

1

4/18/2011

2

6/15/2011

3

9/15/2011

4

1/17/2012**

(a) Amount
due

(b) Date
paid

Internal Revenue Service
P.O. Box 1300
Charlotte, NC
28201-1300
USA

(c) Check or
money order number, or
credit or debit card
confirmation number

(d) Amount paid
(do not include
any convenience
fee)*

Keep for Your Records

(e) 2010
overpayment
credit applied

(f) Total amount
paid and credited
(add (d) and (e))

䊳

Total

* You can deduct the convenience fee charged by the service provider in 2011 as a miscellaneous itemized deduction (subject to the 2%-of-AGI
limit) on your 2011 income tax return.
** You do not have to make this payment if you file your 2011 tax return by January 31, 2012, and pay the entire balance due with your return.

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Form 1040-ES/V (2011)

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Instructions for the 2011 Estimated Tax
Worksheet

homebuyer credit, repayment of that credit began with your
2010 tax return and will continue until the credit is fully repaid. If
the home ceases to be your main home, then the unpaid
balance of the credit is to be repaid on the return for the year
when the home was no longer your main home.
If you purchased a home in 2009 or 2010, and claimed the
first-time homebuyer credit, you must maintain that home as
your main home for at least 36 months to avoid having to repay
the credit.
For details about repaying either of these credits, see the
Instructions for Form 5405.
Line 14b. Prior year’s tax. Enter the 2010 tax you figure
according to the instructions below unless you meet one of the
following exceptions.
• If the adjusted gross income shown on your 2010 return is
more than $150,000 ($75,000 if married filing separately for
2011), enter 110% of your 2010 tax as figured below. Note.
This does not apply to farmers or fishermen.
• If you will file a joint return for 2011 but you did not file a joint
return for 2010, add the tax shown on your 2010 return to the
tax shown on your spouse’s 2010 return and enter the total on
line 14b (both taxes figured as explained below).
• If you filed a joint return for 2010 but you will not file a joint
return for 2011, see Pub. 505, chapter 4, General Rule, to
figure your share of the 2010 tax to enter on line 14b.
• If you did not file a return for 2010 or your 2010 tax year was
less than 12 full months, do not complete line 14b. Instead,
enter the amount from line 14a on line 14c.
Figuring your 2010 tax. Use the following instructions to
figure your 2010 tax.
1. Form 1040 — The tax shown on your 2010 Form 1040 is
the amount on line 60 reduced by:
a. Unreported social security and Medicare tax or RRTA tax
from Form 1040, line 57;
b. Any tax included on line 58 on excess contributions to
IRAs, Archer MSAs, Coverdell education savings accounts, and
health savings accounts, or on excess accumulations in
qualified retirement plans;
c. Write-in amounts on line 60 as listed under Exception 2
on this page; and
d. Any refundable credit amounts listed on lines 63, 64a, 65,
66, 67, and 70, and credits from Forms 8801, 8839, and 8885
included on line 71.
2. Form 1040A — The tax shown on your 2010 Form 1040A
is the amount on line 37 reduced by any refundable credits on
lines 40, 41a, 42, and 43.
3. Form 1040EZ — The tax shown on your 2010 Form
1040EZ is the amount on line 11 reduced by the amount on
lines 8 and 9a.

Line 1. Adjusted gross income. Use your 2010 tax return
and instructions as a guide to figuring the adjusted gross
income you expect in 2011 (but be sure to consider the items
listed under What’s New that begins on page 1). For more
details on figuring your adjusted gross income, see Expected
AGI — Line 1 in chapter 2 of Pub. 505.
If you are self-employed, be sure to take into account the
deduction for self-employment tax (2010 Form 1040, line 27).
However, this deduction is figured differently for 2011. Use the
worksheet on page 6 to figure the amount to subtract when
figuring your expected AGI. This worksheet will also give you
the amount to enter on line 11 of your estimated tax worksheet.
Line 9. Credits. See the 2010 Form 1040, lines 47 through
53, or Form 1040A, lines 29 through 33, and the related
instructions for the types of credits allowed.
Line 11. Self-employment tax. If you and your spouse make
joint estimated tax payments and both of you have
self-employment income, figure the self-employment tax for
each of you separately. Enter the total on line 11. When
estimating your 2011 net earnings from self-employment, be
sure to use only 92.35% (.9235) of your total net profit from
self-employment.
Line 12. Other taxes. Use the instructions for the 2010 Form
1040 to determine if you expect to owe, for 2011, any of the
taxes that would have been entered on your 2010 Form 1040,
lines 58 (additional tax on distributions only) and 59 (boxes b
and c), and any write-in amounts on line 60. On line 12, enter
the total of those taxes, subject to the following two exceptions.
Exception 1. Include household employment taxes from
box b of Form 1040, line 59, on this line only if:
• You will have federal income tax withheld from wages,
pensions, annuities, gambling winnings, or other income, or
• You would be required to make estimated tax payments (to
avoid a penalty) even if you did not include household
employment taxes when figuring your estimated tax.
If you meet one or both of the above, include in the amount
on line 12 the total of your household employment taxes.
Exception 2. Of the amounts for other taxes that may be
entered on Form 1040, line 60, do not include on line 12:
recapture of a federal mortgage subsidy, uncollected social
security and Medicare tax or RRTA tax on tips or group-term life
insurance, excise tax on excess golden parachute payments,
look-back interest due under section 167(g) or 460(b), excise
tax on insider stock compensation from an expatriated
corporation, or additional tax on advance payments of health
coverage tax credit when not eligible. These taxes are not
required to be paid until the due date of your income tax return
(not including extensions).
Recapture of first-time homebuyer credit. If you
purchased a home in 2008 and claimed the first-time

Form 1040-ES/V (2011)

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2011 Self-Employment Tax and Deduction Worksheet for Lines 1 and 11 of the Estimated Tax Worksheet
1a. Enter your expected income and profits subject to self-employment tax* . . . . . . . . . . 1a.
b. If you will have farm income and also receive social security retirement or disability
benefits, enter your expected Conservation Reserve Program payments that will be
included on Schedule F (Form 1040) or listed on Schedule K-1 (Form 1065) . . . . . . .
b.
2. Subtract line 1b from line 1a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2.
3. Multiply line 2 by 92.35% (.9235) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.
4. Multiply line 3 by 2.9% (.029) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5. Social security tax maximum income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5.
$106,800
6. Enter your expected wages (if subject to social security tax or the 4.2% portion of
tier 1 railroad retirement tax) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6.
7. Subtract line 6 from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7.
Note. If line 7 is zero or less, enter -0- on line 9 and skip to line 10
8. Enter the smaller of line 3 or line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8.
9. Multiply line 8 by 10.4% (.104) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10. Add lines 4 and 9. Enter the result here and on line 11 of your 2011 Estimated Tax Worksheet . . . . . . . . . . . .
11. Multiply line 4 by 50% (.50) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.
12. Multiply line 9 by 59.6% (.596) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.
13. Add lines 11 and 12. This is your expected deduction for self-employment tax on Form
1040, line 27. Subtract this amount when figuring your expected AGI on line 1 of your
2011 Estimated Tax Worksheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.

4.

9.
10.

* Your net profit from self-employment is found on Schedule C (Form 1040), line 31; Schedule F (Form 1040), line 36; Schedule K-1 (Form 1065), box 14, code
A; and Schedule K-1 (Form 1065-B), box 9, code J1.

2011 Tax Rate Schedules
Caution. Do not use these Tax Rate Schedules to figure your 2010 taxes. Use only to figure your 2011 estimated taxes.
Schedule X — Use if your 2011 filing status is Single
If line 5 is:

Schedule Z — Use if your 2011 filing status is
Head of household

The tax is:

Over —

But not
over —

$0
8,500
34,500
83,600
174,400
379,150

$8,500
34,500
83,600
174,400
379,150
------------

----------- 10%
$850.00 + 15%
4,750.00 + 25%
17,025.00 + 28%
42,449.00 + 33%
110,016.50 + 35%

If line 5 is:
Over —

But not
over —

$0
8,500
34,500
83,600
174,400
379,150

$0
12,150
46,250
119,400
193,350
379,150

$12,150
46,250
119,400
193,350
379,150
-----------

Schedule Y-1 — Use if your 2011 filing status is
Married filing jointly or Qualifying widow(er)
If line 5 is:
Over —
$0
17,000
69,000
139,350
212,300
379,150

$17,000
69,000
139,350
212,300
379,150
-----------

---------10%
$1,700.00 + 15%
9,500.00 + 25%
27,087.50 + 28%
47,513.50 + 33%
102,574.00 + 35%

of the
amount
over —
---------- 10%
$1,215.00 + 15%
6,330.00 + 25%
24,617.50 + 28%
45,323.50 + 33%
106,637.50 + 35%

$0
12,150
46,250
119,400
193,350
379,150

Schedule Y-2 — Use if your 2011 filing status is
Married filing separately

The tax is:
But not
over —

The tax is:

of the
amount
over —

If line 5 is:

The tax is:

of the
amount
over —

Over —

But not
over —

$0
17,000
69,000
139,350
212,300
379,150

$0
8,500
34,500
69,675
106,150
189,575

$8,500
34,500
69,675
106,150
189,575
-----------

-6-

of the
amount
over —
---------- 10%
$850.00 + 15%
4,750.00 + 25%
13,543.75 + 28%
23,756.75 + 33%
51,287.00 + 35%

$0
8,500
34,500
69,675
106,150
189,575

Form 1040-ES/V (2011)

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EPS Filename: 10510x01

Size: Width = 44.0 picas, Depth = 56.0 picas

2011 Estimated Tax Worksheet

Keep for Your Records
1

Adjusted gross income you expect in 2011 (see instructions)
● If you plan to itemize deductions, enter the estimated total of your itemized deductions.
● If you do not plan to itemize deductions, enter your standard deduction from page 2.
Subtract line 2 from line 1
Exemptions. Multiply $3,700 by the number of personal exemptions
Subtract line 4 from line 3

1
2
3
4
5

其

2
3
4

5

6

Tax. Figure your tax on the amount on line 5 by using the 2011 Tax Rate Schedules on page 6.
Caution: If you will have qualified dividends or a net capital gain, or expect to exclude or deduct
foreign earned income or housing, see chapter 2 of Pub. 505 to figure the tax
7 Alternative minimum tax from Form 6251
8 Add lines 6 and 7. Add to this amount any other taxes you expect to include in the total on Form
1040, line 44
9 Credits (see instructions). Do not include any income tax withholding on this line
10 Subtract line 9 from line 8. If zero or less, enter -011 Self-employment tax (see instructions)
12 Other taxes (see instructions)
13a Add lines 10 through 12

8
9
10
11
12
13a

b Earned income credit, additional child tax credit, fuel tax credit, refundable American opportunity
credit, and refundable credits from Forms 5405, 8801, 8839, and 8885
䊳
c Total 2011 estimated tax. Subtract line 13b from line 13a. If zero or less, enter -0-

13b
13c

14a Multiply line 13c by 90% (66 2⁄3 % for farmers and fishermen)
b Required annual payment based on prior year’s tax (see instructions)

14a
14b

䊳
c Required annual payment to avoid a penalty. Enter the smaller of line 14a or 14b
Caution: Generally, if you do not prepay (through income tax withholding and estimated tax
payments) at least the amount on line 14c, you may owe a penalty for not paying enough estimated
tax. To avoid a penalty, make sure your estimate on line 13c is as accurate as possible. Even if you
pay the required annual payment, you may still owe tax when you file your return. If you prefer, you
can pay the amount shown on line 13c. For details, see chapter 2 of Pub. 505.
15

6
7

Income tax withheld and estimated to be withheld during 2011 (including income tax withholding
on pensions, annuities, certain deferred income, etc.)

14c

15

16a
16a Subtract line 15 from line 14c
Is the result zero or less?
Yes. Stop here. You are not required to make estimated tax
payments.
No. Go to line 16b.
16b
b Subtract line 15 from line 13c
Is the result less than $1,000?
Yes. Stop here. You are not required to make estimated tax payments.
No. Go to line 17 to figure your required payment.
17

If the first payment you are required to make is due April 18, 2011, enter 1⁄4 of line 16a (minus any
2010 overpayment that you are applying to this installment) here, and on your estimated tax
payment voucher(s) if you are paying by check or money order

Form 1040-ES/V (2011)

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U.S. commonwealths or possessions to carry out their tax laws.
We may also disclose this information to other countries under
a tax treaty, to federal and state agencies to enforce federal
nontax criminal laws, or to federal law enforcement and
intelligence agencies to combat terrorism.
If you do not file a return, do not give the information asked
for, or give fraudulent information, you may be charged
penalties and be subject to criminal prosecution.
Please keep this notice with your records. It may help you if
we ask you for other information. If you have any questions
about the rules for filing and giving information, please call or
visit any Internal Revenue Service office.
The average time and expenses required to complete and
file this form will vary depending on individual circumstances.
For the estimated averages, see the instructions for your
income tax return.
If you have suggestions for making this package simpler, we
would be happy to hear from you. See the instructions for your
income tax return.

Privacy Act and Paperwork Reduction Act Notice. We ask
for tax return information to carry out the tax laws of the United
States. We need it to figure and collect the right amount of tax.
Our legal right to ask for information is Internal Revenue
Code sections 6001, 6011, and 6012(a), and their regulations.
They say that you must file a return or statement with us for any
tax for which you are liable. Your response is mandatory under
these sections. Code section 6109 and its regulations say that
you must provide your taxpayer identification number on what
you file. This is so we know who you are, and can process your
return and other papers.
You are not required to provide the information requested on
a form that is subject to the Paperwork Reduction Act unless
the form displays a valid OMB control number. Books or
records relating to a form or its instructions must be retained as
long as their contents may become material in the
administration of any Internal Revenue law. Generally, tax
returns and return information are confidential, as stated in
Code section 6103.
We may disclose the information to the Department of
Justice and to other federal agencies, as provided by law. We
may disclose it to cities, states, the District of Columbia, and

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Form 1040-ES/V (2011)