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2016 Estimated Tax Worksheet, Line 6a Phaseout of Itemized / Standard Deductions Worksheet 36 M.R.S. 5122(1)(JJ) TAXPAYER NAME: SSN: You must use this Worksheet to calculate the reduction of your
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What is estimated tax worksheet line?
Estimated tax worksheet line is a section on the IRS Form 1040 where taxpayers can calculate their estimated tax liability for the year.
Who is required to file estimated tax worksheet line?
Taxpayers who expect to owe at least $1,000 in taxes after subtracting their withholding and refundable credits are required to file the estimated tax worksheet line.
How to fill out estimated tax worksheet line?
Taxpayers can fill out the estimated tax worksheet line by following the instructions on the IRS Form 1040 or by using tax preparation software.
What is the purpose of estimated tax worksheet line?
The purpose of the estimated tax worksheet line is to help taxpayers avoid underpayment penalties by calculating and paying their estimated tax liability throughout the year.
What information must be reported on estimated tax worksheet line?
Taxpayers must report their estimated income, deductions, credits, and tax payments on the estimated tax worksheet line.
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