Form 1040 ES Estimate Tax for Individuals

U.S. Individual Income Tax Return

F1040 ES

U.S. Individual Income Tax Return

OMB: 1545-0074

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2012

Department of the Treasury
Internal Revenue Service

Form 1040-ES
Estimated Tax for Individuals
At the time this form went to print, Congress was
considering legislation that would extend certain
CAUTION tax provisions that expired at the end of 2011.
Legislative actions may impact your estimated tax liability
calculation. The IRS will take appropriate steps to notify
the public on any legislative developments. For more
information about these tax provisions, see the
discussion under What’s New and Expiring Tax Benefits,
later.

Purpose of This Package

Use this package to figure and pay your estimated tax. If
you are not required to make estimated tax payments for
2012, you can discard this package.
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 address. If your address has changed, file
Form 8822, Change of Address, to update your record.

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)).
In most cases, you must pay estimated tax for 2012 if
both of the following apply.
1. You expect to owe at least $1,000 in tax for 2012,
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 2012 tax
return, or
b. 100% of the tax shown on your 2011 tax return.
Your 2011 tax 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 next.
Exception. You do not have to pay estimated tax for
2012 if you were a U.S. citizen or resident alien for all of
2011 and you had no tax liability for the full 12-month
2011 tax year. You had no tax liability for 2011 if your
total tax was zero or you did not have to file an income
tax return.
There are special rules for farmers, fishermen, certain
household employers, and certain higher income
taxpayers.
May 25, 2012

Increase Your Withholding

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 also can 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

General Rule

Special Rules

Farmers and fishermen. If at least two-thirds of your
gross income for 2011 or 2012 is from farming or fishing,
substitute 662/3% for 90% in (2a) under General Rule
above.
Household employers. When estimating the tax on
your 2012 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 2011 was more than $150,000 ($75,000
if your filing status for 2012 is married filing separately),
substitute 110% for 100% in (2b) under General Rule,
earlier. This rule does not apply to farmers or fishermen.

You can find most of the information you will need in Pub.
505, Tax Withholding and Estimated Tax.
Other available information:
• Instructions for the 2011 Form 1040 or Form 1040A.
• Important Changes. Go to IRS.gov, click on Forms &
Pubs, and then on Changes to Current Forms and
Publications.
For details on how to get forms and publications, see
page 93 of the 2011 Instructions for Form 1040 or page
82 of the 2011 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 2011 tax return as a guide in figuring your 2012
estimated tax, but be sure to consider the following.
At the time this form went to print, Congress was
considering legislation that would extend certain
CAUTION tax provisions that expired at the end of 2011.
Legislative actions may impact your estimated tax liability
calculation. The IRS will take appropriate steps to notify
the public on any legislative developments.
Adoption credit and adoption assistance. Beginning
in 2012, the maximum adoption credit will be $12,650
and the credit is no longer refundable. The maximum
amount of adoption assistance that can be excluded from

Cat. No. 11340T

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• An unmarried individual (single or head of household)

gross income is $12,650. The amount of the credit or
excludable assistance begins to phase out for taxpayers
with modified AGI in excess of $189,710 and is
completely phased out for taxpayers with modified AGI of
$229,710.
Alternative minimum tax (AMT) exemption amounts.
The AMT exemption is decreased to $33,750 ($45,000 if
married filing jointly or a qualifying widow(er) with
dependent child; $22,500 if married filing separately).
Expiring tax benefits. The following benefits are
scheduled to expire or have been repealed and will not
be available for 2012.
• Credit for non-business energy property.
• Plug-in electric vehicle credit.
• Plug-in conversion credit.
• Alternative fuel vehicle refueling property credit.
• Indian employment credit.
• New energy efficient home credit.
• Energy efficient appliance credit.
• Employer wage differential for active duty members of
the uniformed services.
• Work opportunity credit (except for certain veterans).
• Deduction of expenses for school teachers.
• Deduction for mortgage insurance premiums.
• Deduction for state and local sales taxes instead of
state and local income taxes.
• Tuition and fees deduction.
• Tax-free distribution from retirement accounts for
charitable purposes.
• Zero percent capital gains rate for DC Zone assets.
• First-time homebuyer credit.
Nonrefundable personal credits and the AMT. The
following credits are no longer allowed to be applied
against the AMT.
• Credit for child and dependent care expenses.
• Credit for the elderly or the disabled.
• Education credits.
• Mortgage interest credit.
• Carryforwards of the District of Columbia first-time
homebuyer credit.
Instead, a new tax liability limit applies. For most
people, this limit is your regular tax minus any tentative
minimum tax.
Income limits for excluding education savings bond
interest increased. In order to exclude interest, your
modified adjusted gross income (MAGI) must be less
than $87,850 ($139,250 if married filing jointly or
qualifying widow(er)).
Foreign earned income exclusion. The maximum
exclusion has increased to $95,100.
Standard deduction. If you do not itemize your
deductions, you can take the 2012 standard deduction
listed below for your filing status.
IF your 2012 filing status is...
Married filing jointly or
Qualifying widow(er)

and are:

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

$8,700
$5,950

.
.
.
.

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

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 2012.
Personal exemption amount increased. For tax years
beginning in 2012, the personal exemption amount is
increased to $3,800.
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 $45,060 ($50,270 if married filing jointly),
• Two children lived with you and you earned less than
$41,952 ($47,162 if married filing jointly),
• One child lived with you and you earned less than
$36,920 ($42,130 if married filing jointly), or
• A child did not live with you and you earned less than
$13,980 ($19,190 if married filing jointly).
Also, the maximum AGI you can have and still get the
credit has changed. 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 $3,200.
Standard mileage rate. The rate for business use of
your vehicle remains 551/2 cents per mile. The rate for
use of your vehicle to get medical care or move is
decreased to 23 cents per mile. The rate of 14 cents per
mile for charitable use is unchanged.
Social security and Medicare tax for 2012. The
employee tax rate for social security is 4.2%. The social
security wage base limit is $110,100. The Medicare tax
rate is 1.45%. There is no wage base limit for Medicare
tax.
The tax rate for net earnings from self-employment is
10.4%, up to the social security wage base limit of
$110,100.
Lifetime learning credit income limits increased. In
order to claim a lifetime learning credit, your modified AGI
must be less than $62,000 ($124,000 if married filing
jointly).
Extended health coverage tax credit. The credit for
the cost of health insurance is 72.5% and COBRA
benefits continue if you are one of the following eligible
individuals.
• Trade adjustment assistance (TAA) recipients.
• Alternative TAA recipients.
• Reemployment TAA recipients.
• Pension Benefit Guaranty Corporation pension
recipients.
• Qualified family members of an individual who fell
under one of the categories listed above when he or she
died or with whom you finalized a divorce.

$11,900

Single or Married filing separately

.
.
.
.

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

THEN your standard
deduction is...

Head of household

.
.
.
.

However, if you can be claimed as a dependent on
another person’s 2012 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 2012, you are:

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
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resulting taxable amount in income for 2010, you
reported half of that taxable amount on your 2011 return
and must report the other half on your 2012 return. See
the instructions for Form 8606 for more information.

Individuals, Estates, and Trusts, including Schedule AI,
with your 2012 tax return even if no penalty is owed.
Farmers and fishermen. If at least two-thirds of your
gross income for 2011 or 2012 is from farming or fishing,
you can do one of the following.
• Pay all of your estimated tax by January 15, 2013.
• File your 2012 Form 1040 by March 1, 2013, and pay
the total tax due. In this case, 2012 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 month of the following fiscal year. If any
payment date falls on a Saturday, Sunday, or legal
holiday, use the next business day.

How To Figure Your Estimated Tax

You will need:
• The 2012 Estimated Tax Worksheet, later,
• The Instructions for the 2012 Estimated Tax
Worksheet,
• The 2012 Tax Rate Schedules, and
• Your 2011 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,
earlier).
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, later.

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 2012
tax return. On the statement, show all of the estimated
tax payments you (and your spouse, if filing jointly) made
for 2012 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 2012 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).

You cannot make joint estimated tax payments if
you or your spouse is a nonresident alien, you are
CAUTION separated under a decree of divorce or separate
maintenance, or you and your spouse have different tax
years.
Additionally, registered domestic partners and
same-sex spouses cannot make joint estimated tax
payments. Each partner can take credit only for the
estimated tax payments that he or she made.

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 Estimated Tax Worksheet, later). 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.

Payment Due Dates

You can pay all of your estimated tax by April 17, 2012,
or in four equal amounts by the dates shown below.
1st payment .
2nd payment
3rd payment .
4th payment .

.
.
.
.

April 17, 2012
June 15, 2012
Sept. 17, 2012
Jan. 15, 2013*

* You do not have to make the payment due January 15, 2013,
if you file your 2012 tax return by January 31, 2013, and pay
the entire balance due with your return.

When a Penalty Is Applied

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.

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,
later.
If you want, you can make more than four
TIP estimated tax 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, later.
No income subject to estimated tax during first
payment period. If, after March 31, 2012, 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
Form 1040-ES (Rev. 05-2012)

How To Pay Estimated Tax
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
vouchers instead of a joint voucher.
To complete the voucher, do the following.
• Print or type your name, address, and SSN in the
space provided on the estimated tax payment voucher. If
filing a joint voucher, also enter your spouse’s name and
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Instructions for the 2012 Estimated
Tax Worksheet

SSN. List the names and SSNs in the same order on the
joint voucher as you will list them on your joint return.
• 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 2011
overpayment that you choose to credit against your 2012
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 enter “$ XXX—” or
xx
“$ XXX 100”).
• Enter “2012 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.

Line 1. Adjusted gross income. Use your 2011 tax
return and instructions as a guide to figuring the adjusted
gross income you expect in 2012 (but be sure to consider
the items listed under What’s New, earlier). 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. Use the 2012
Self-Employment Tax and Deduction Worksheet for Lines
1 and 11 of the Estimated Tax Worksheet to figure the
amount to subtract when figuring your expected AGI.
This worksheet also will give you the amount to enter on
line 11 of your estimated tax worksheet.
Line 9. Credits. See the 2011 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 2012 net earnings from
self-employment, be sure to use only 92.35% (.9235) of
your total net profit from self-employment.

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.

Line 12. Other taxes. Use the Instructions for the 2011
Form 1040 to determine if you expect to owe, for 2012,
any of the taxes that would have been entered on your
2011 Form 1040, lines 58 (additional tax on distributions
only), 59a, 59b, and 60. On line 12, enter the total of
those taxes, subject to the following two exceptions.

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

Where To File Your Estimated Tax Payment Voucher if Paying by Check or Money Order
Mail your estimated tax payment voucher and check or money order to the
address shown below for the place where you live. Do not mail your tax
return to this address or send an estimated tax payment without a payment
voucher. Also, do not mail your estimated tax payments to the address
shown in the Form 1040 or 1040A instructions. If you need more payment
vouchers, you can make a copy of one of your unused vouchers.

Kentucky, Missouri, New Jersey, Tennessee,
Virginia, West Virginia

Caution: For proper delivery of your estimated tax payment to a P.O. box,
you must include the box number in the address. Also, note that only the
U.S. Postal Service can deliver to P.O. boxes. Therefore, you cannot use a
private delivery service to make estimated tax payments required to be sent
to a P.O. box.

Florida, Louisiana, Mississippi, Texas

IF you live in . . .

Connecticut, Delaware, District of
Columbia, Maine, Maryland,
Massachusetts, New Hampshire, New
York, Pennsylvania, Rhode Island,
Vermont
Alabama, Georgia, North Carolina,
South Carolina

Alaska, Arizona, California, Colorado,
Hawaii, Nevada, Oregon, Washington

THEN send it to “Internal
Revenue Service” at . . .

P.O. Box 37007
Hartford, CT
06176-0007

P.O. Box 1300
Charlotte, NC
28201-1300

Arkansas, Idaho, Illinois, Indiana, Iowa, Kansas,
Michigan, Minnesota, Montana, Nebraska, New
Mexico, North Dakota, Ohio, Oklahoma, South
Dakota, Utah, Wisconsin, Wyoming
A foreign country, U.S. possession or territory;*
non-bona fide residents of Guam or the U.S.
Virgin Islands; or use an APO or FPO address; or
file Form 2555, 2555-EZ, or 4563; or are a
dual-status alien

P.O. Box 105225
Atlanta, GA
30348-5225

Guam:
Bona fide residents*

P.O. Box 510000
San Francisco, CA
94151-5100

U.S. Virgin Islands:
Bona fide residents*

P.O. Box 970006
St. Louis, MO
63197-0006

P.O. Box 802502
Cincinnati, OH
45280-2502
P.O. Box 1300
Charlotte, NC
28201-1300
USA

Department of
Revenue and Taxation
Government of Guam
P. O. Box 23607
GMF, GU 96921
Virgin Islands Bureau of
Internal Revenue
6115 Estate Smith Bay
Suite 225
St. Thomas, VI 00802

* Bona fide residents must prepare separate vouchers for estimated income tax and self-employment tax payments. Send the income tax vouchers to the
address for bona fide residents and the self-employment tax vouchers to the address for non-bona fide residents.

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Form 1040-ES (Rev. 05-2012)

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• If the adjusted gross income shown on your 2011

Exception 1. Include household employment taxes
from Form 1040, line 59a, 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 either of the above, include the total of
your household employment taxes on line 12.
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
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, 2010, or 2011 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 the first-time homebuyer
credit, see the Instructions for Form 5405.
Line 14b. Prior year’s tax. Enter the 2011 tax you
figure according to the instructions in Figuring your 2011
tax unless you meet one of the following exceptions.

return is more than $150,000 ($75,000 if married filing
separately for 2012), enter 110% of your 2011 tax as
figured next.
Note. This does not apply to farmers or fishermen.
• If you will file a joint return for 2012 but you did not file
a joint return for 2011, add the tax shown on your 2011
return to the tax shown on your spouse’s 2011 return and
enter the total on line 14b (both taxes figured as
explained next).
• If you filed a joint return for 2011 but you will not file a
joint return for 2012, see General Rule in chapter 4 of
Pub. 505 to figure your share of the 2011 tax to enter on
line 14b.
• If you did not file a return for 2011 or your 2011 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 2011 tax. Use the following
instructions to figure your 2011 tax.
1. Form 1040—The tax shown on your 2011 Form
1040 is the amount on line 61 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. Amounts on line 60 as listed under Exception 2,
earlier; and
d. Any refundable credit amounts on lines 64a, 65, 66,
67, and 70, and credits from Forms 8801 and 8885
included on line 71.
2. Form 1040A—The tax shown on your 2011 Form
1040A is the amount on line 35 reduced by any
refundable credits on lines 38a, 39, and 40.
3. Form 1040EZ—The tax shown on your 2011 Form
1040EZ is the amount on line 10 reduced by the amount
on line 8a.

2012 Self-Employment Tax and Deduction Worksheet for
Lines 1 and 11 of the Estimated Tax Worksheet

Keep for Your Records

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.
$110,100
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 2012 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
2012 Estimated Tax Worksheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.

9.
10.

* Your net profit from self-employment is found on Schedule C (Form 1040), line 31; Schedule F (Form 1040), line 34; Schedule K-1 (Form 1065), box 14, code
A; and Schedule K-1 (Form 1065-B), box 9, code J1.

Form 1040-ES (Rev. 05-2012)

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Page 6 of 9 Form 1040-ES (Rev. 05-2012)

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The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.

2012 Tax Rate Schedules
Caution. Do not use these Tax Rate Schedules to figure your 2011 taxes. Use only to figure your 2012 estimated taxes.
Schedule X — Use if your 2012 filing status is Single
If line 5 is:

Schedule Z — Use if your 2012 filing status is
Head of household

The tax is:

Over —

But not
over —

$0
8,700
35,350
85,650
178,650
388,350

$8,700
35,350
85,650
178,650
388,350
------------

----------- 10%
$870.00 + 15%
4,867.50 + 25%
17,442.50 + 28%
43,482.50 + 33%
112,683.50 + 35%

If line 5 is:
Over —

But not
over —

$0
8,700
35,350
85,650
178,650
388,350

$0
12,400
47,350
122,300
198,050
388,350

$12,400
47,350
122,300
198,050
388,350
-----------

Schedule Y-1 — Use if your 2012 filing status is
Married filing jointly or Qualifying widow(er)
If line 5 is:
Over —
$0
17,400
70,700
142,700
217,450
388,350

$17,400
70,700
142,700
217,450
388,350
-----------

----------- 10%
$1,740.00 + 15%
9,735.00 + 25%
27,735.00 + 28%
48,665.00 + 33%
105,062.00 + 35%

of the
amount
over —
----------- 10%
$1,240.00 + 15%
6,482.50 + 25%
25,220.00 + 28%
46,430.00 + 33%
109,229.00 + 35%

$0
12,400
47,350
122,300
198,050
388,350

Schedule Y-2 — Use if your 2012 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
17,400
70,700
142,700
217,450
388,350

$0
8,700
35,350
71,350
108,725
194,175

$8,700
35,350
71,350
108,725
194,175
-----------

of the
amount
over —
----------- 10%
$870.00 + 15%
4,867.50 + 25%
13,867.50 + 28%
24,332.50 + 33%
52,531.00 + 35%

$0
8,700
35,350
71,350
108,725
194,175

cities, states, the District of Columbia, and 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 this 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 this information is
Internal Revenue Code section 6654, which requires that
you pay your taxes in a specified manner to avoid being
penalized. Additionally, sections 6001, 6011, and 6012(a)
and their regulations require you to file a return or
statement for any tax for which you are liable; section
6109 requires you to provide your identifying number.
Failure to provide this information, or providing false or
fraudulent information, may subject you to penalties.
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 for civil and criminal litigation and to other federal
agencies, as provided by law. We may disclose it to

-6-

Form 1040-ES (Rev. 05-2012)

2012 Estimated Tax Worksheet
1
2

Keep for Your Records
. . .
1

Adjusted gross income you expect in 2012 (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.
Subtract line 2 from line 1. . . . . . . . . . . . . . . . . . . . . . . . .
Exemptions. Multiply $3,800 by the number of personal exemptions . . . . . . . . . . .
Subtract line 4 from line 3. . . . . . . . . . . . . . . . . . . . . . . . .
Tax. Figure your tax on the amount on line 5 by using the 2012 Tax Rate Schedules.
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 . . . . . . .

}

3
4
5
6

7
8

Alternative minimum tax from Form 6251 . . . . . . . . . . . . . . . . . . .
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
10
11
12

Credits (see instructions). Do not include any income tax withholding on this line
Subtract line 9 from line 8. If zero or less, enter -0- . . . . . . . . . .
Self-employment tax (see instructions) . . . . . . . . . . . . . .
Other taxes (see instructions) . . . . . . . . . . . . . . . . .

.
.
.
.

13a Add lines 10 through 12 . . . . . . . . . . . . . . . . . . . . . . . . .
b Earned income credit, additional child tax credit, fuel tax credit, refundable American opportunity
credit, and refundable credits from Forms 8801 and 8885 . . . . . . . . . . . . . .

2
3
4

6
7
8
9
10
11
12
13a

▶

13b
13c

14a Multiply line 13c by 90% (662/3% for farmers and fishermen) . . . . 14a
b Required annual payment based on prior year's tax (see instructions) . 14b
c Required annual payment to avoid a penalty. Enter the smaller of line 14a or 14b .

▶

14c

Total 2012 estimated tax. Subtract line 13b from line 13a. If zero or less, enter -0-

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.
Income tax withheld and estimated to be withheld during 2012 (including income tax withholding
on pensions, annuities, certain deferred income, etc.) . . . . . . . . . . . . . . .

Subtract line 15 from line 14c . . . . . . . . . . . . . . 16a
Is the result zero or less?
Yes. Stop here. You are not required to make estimated tax payments.
No. Go to line 16b.
b Subtract line 15 from line 13c . . . . . . . . . . . . . . 16b
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 17, 2012, enter ¼ of line 16a (minus any
2011 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. . . . . . . . . . . .

16a

Form 1040-ES (2012)

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-8-

Form 1040-ES (Rev. 05-2012)

Payment
number

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

(a) Amount
due

4/17/2012

6/15/2012

9/17/2012

1/15/2013**

Total .

(b) Date
paid

Keep for Your Records

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

(e) 2011
overpayment
credit applied

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

▶

* You can deduct the convenience fee charged by the service provider in 2012 as a miscellaneous itemized deduction (subject to the 2%-of-AGI
limit) on your 2012 income tax return.
** You do not have to make this payment if you file your 2012 tax return by January 31, 2013, and pay the entire balance due with your return.

Form

Tear off here

1040-ES
Department of the Treasury
Internal Revenue Service

2012 Estimated Tax

File only if you are making a payment of estimated tax by check or money order. Mail this
voucher with your check or money order payable to “United States Treasury.” Write your
social security number and “2012 Form 1040-ES” on your check or money order. Do not send
cash. Enclose, but do not staple or attach, your payment with this voucher.

Print or type

Your first name and initial

Payment
Voucher

OMB No. 1545-0074

Calendar year—Due Jan. 15, 2013
Amount of estimated tax you are paying
by check or
Dollars
Cents
money order.

Your last name

Your social security number

Spouse’s last name

Spouse’s social security number

If joint payment, complete for spouse
Spouse’s first name and initial
Address (number, street, and apt. no.)
City, state, and ZIP code. (If a foreign address, enter city, province or state, postal code, and country.)

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

Form 1040-ES (2012)

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Page 9 of 9 Form 1040-ES (2012)

9:06 - 2-MAY-2012

The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.

Intentionally Left Blank

Form 1040-ES (2012)

-10-

Form

1040-ES
Department of the Treasury
Internal Revenue Service

2012 Estimated Tax

Print or type

Your first name and initial

Payment
Voucher

OMB No. 1545-0074

Calendar year—Due Sept. 17, 2012
Amount of estimated tax you are paying
by check or
Dollars
Cents
money order.

Your last name

Your social security number

Spouse’s last name

Spouse’s social security number

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

Form

Tear off here

1040-ES
Department of the Treasury
Internal Revenue Service

2012 Estimated Tax

Print or type

Your first name and initial

Payment
Voucher

OMB No. 1545-0074

Calendar year—Due June 15, 2012
Amount of estimated tax you are paying
by check or
Dollars
Cents
money order.

Your last name

Your social security number

Spouse’s last name

Spouse’s social security number

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

Form

Tear off here

1040-ES
Department of the Treasury
Internal Revenue Service

2012 Estimated Tax

Print or type

Your first name and initial

Payment
Voucher

OMB No. 1545-0074

Calendar year—Due April 17, 2012
Amount of estimated tax you are paying
by check or
Dollars
Cents
money order.

Your last name

Your social security number

Spouse’s last name

Spouse’s social security number

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

Form 1040-ES (2012)

-11-

Page 7 of 9 Form 1040-ES (2012)

9:06 - 2-MAY-2012

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Form 1040-ES (2012)

-12-

File Type	application/pdf
File Title	Form 1040-ES (2012)
Subject	Fillable
File Modified	2012-05-31
File Created	2012-05-25