Get the free 2013 ESTIMATED TAX WORKSHEET (FOR YOUR RECORDS ONLY)
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2013 ESTIMATED TAX WORKSHEET (FOR YOUR RECORDS ONLY) PRIMARY 1. Enter Adjusted Gross Income expected in 2013..........................................................................................
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How to fill out 2013 estimated tax worksheet
How to fill out 2013 estimated tax worksheet
01
Step 1: Start by gathering all the necessary documents, including your previous year's tax return, income statements, and any relevant deduction information.
02
Step 2: Determine your expected income for the current tax year, including wages, self-employment income, rental income, and any other sources of income.
03
Step 3: Calculate your expected deductions for the year, such as business expenses, mortgage interest, and medical expenses.
04
Step 4: Fill out the personal information section of the 2013 estimated tax worksheet, including your name, address, and social security number.
05
Step 5: Follow the instructions provided on the worksheet to calculate your estimated tax liability for 2013 based on your projected income and deductions.
06
Step 6: Complete the worksheet by entering the estimated tax payments you have already made, such as withholding from your salary or estimated tax payments made throughout the year.
07
Step 7: Subtract your estimated tax payments from your calculated tax liability to determine if you owe any additional taxes or if you are entitled to a refund.
08
Step 8: If you owe additional taxes, make sure to make the necessary payments to avoid penalties and interest.
09
Step 9: Keep a copy of the completed 2013 estimated tax worksheet for your records and use it as a reference when filing your taxes for the year.
Who needs 2013 estimated tax worksheet?
01
Self-employed individuals who expect to owe at least $1,000 in taxes for the year.
02
Individuals with significant income from investments or other sources not subject to withholding.
03
Those with irregular income or who receive income outside of a regular paycheck.
04
Business owners and freelancers who do not have taxes withheld from their income.
05
Individuals with complex tax situations that require careful estimated tax calculations.
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