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Iowa Department of Revenue www.state.ia.us/tax Estimated Income Tax for Individuals Pay your taxes electronically this year! Fast Easy Secure Make your estimated payments and/or your final tax payment

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How to fill out estimated income tax for

01

Gather all the necessary documents such as W-2 forms, 1099 forms, and other income records.

02

Calculate your total income by adding up all the income sources.

03

Determine your deductions and credits.

04

Choose the appropriate filing status.

05

Use the tax tables or tax software to calculate the tax owed.

06

Fill out the necessary forms such as Form 1040 or Form 1040-ES.

07

Include any estimated tax payments made throughout the year.

08

Review and double-check the information provided.

09

Submit the completed form and necessary supporting documents to the IRS.

Who needs estimated income tax for?

01

Individuals with self-employment income.

02

Freelancers and independent contractors.

03

Taxpayers who have a significant amount of income not subject to withholding.

04

Those expecting to owe at least $1,000 in taxes after subtracting their withholding and refundable credits.

05

People who receive income from sources that are not subject to withholding, such as rental income or investment income.

06

Individuals who anticipate changes in their income and withholding throughout the year.

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