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Alabama Estimated Income Tax Worksheet
Extracted from PDF file 2023-alabama-form-40-es.pdf, last modified July 2022Estimated Income Tax Worksheet
FORM AlAbAmA DepArtment of revenue 40ES Income tAx ADmInIstrAtIon DIvIsIon estimated tax CALENDAR YEAR 2023 or Fiscal Year Ending (WORKSHEET – KEEP FOR YOUR RECORDS – DO NOT FILE) Name Social Security Number 1 Enter amount of adjusted gross income expected in taxable year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 If deductions are itemized, enter total of such deductions expected. If deductions will not be itemized, enter the amount from the standard deduction table . . . . . . . . . . . . . . . . . . 2 3 Enter amount of federal income tax liability for taxable year . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Total of lines 2 and 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 5 Subtract line 4 from line 1. Enter balance here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 6 Personal exemption and dependent exemption(s) (see instructions for Forms 40 and 40NR for amounts). . . . . . . . . . . . . . . . . . . . . . . . . . 6 7 Subtract line 6 from line 5. This is your estimated taxable income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 8 Compute tax on amount on line 7 at the following rates: Single or Married & Filing Separately Married & Filing Jointly a 1st $500 . . . . . . 2% 1st $1000 . . . . . . 2% . . . . . . 8a b Next $2500 . . . . . . 4% Next $5000 . . . . . . 4% . . . . . . 8b c Over $3000 . . . . . . 5% Over $6000 . . . . . . 5% . . . . . . 8c 9 9 Add lines 8a, 8b, 8c. Enter total here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Amount of Alabama income tax you estimate will be withheld from your wages in taxable year. Enter balance here . . . . . . . . . . . . . . . . . . 10 11 Subtract line 10 from line 9. Enter balance here. This is your estimated tax. If less than five hundred dollars ($500), no estimated tax is required to be filed (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 RECORD OF STATE OF ALABAMA ESTIMATED TAX PAYMENTS AND CREDIT Amount Check Number, etc. Date Paid 1 Overpayment credit from last year credited to estimated tax for this year. (Make sure this credit is shown in the proper space on your Alabama income tax return for last year.) . . . . . . . . . . . . . 2 First payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Second payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Third payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Fourth payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 3 4 5 6 Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 ENTER THIS AMOUNT ON THE PROPER LINE OF YOUR 2023 ALABAMA INDIVIDUAL INCOME TAX RETURN, FORM 40 OR FORM 40NR. NOTE: The Alabama Department of Revenue does not send notices of amounts paid on estimated tax. Therefore, it is important that you maintain this record. ! ! (CUT ALONG THIS LINE AND FILE LOWER PORTION WITH ALABAMA DEPARTMENT OF REVENUE) Alabama Department of Revenue 40ES 2023 PRIMARY TAXPAYERʼS FIRST NAME MAILING ADDRESS Estimated Income Tax Payment Voucher SPOUSEʼS FIRST NAME CITY STATE LAST NAME ZIP CHECK IF FISCAL YEAR Beginning Date: Ending Date: • Primary Taxpayer’s SSN: • Spouse’s SSN: • Amount Paid With Voucher: $ • MAIL TO: Alabama Department of Revenue Individual Estimates P.O. Box 327485 Montgomery, AL 36132-7485 ADOR • DAYTIME TELEPHONE NUMBER ¿ Form 40ES Instructions Who Must Pay Estimated Tax If you owe additional tax for 2022, you may have to pay estimated tax for 2023. You can use the following general rule as a guide during the year to see if you will have enough withholding, or if you should increase your withholding or make estimated tax payments. General Rule. In most cases, you must pay estimated tax for 2023 if both of the following apply: 1. You expect to owe at least $500 in tax for 2023, after subtracting your withholding and credits. 2. You expect your withholding plus your credits to be less than the smaller of: a. 90% of the tax to be shown on your 2023 tax return, or b. 100% of the tax shown on your 2022 tax return. Your 2022 tax return must cover all 12 months. State holiday, the due date will then be considered the following business day. Checks or money orders should be made payable to the Alabama Department of Revenue. Changes In Tax Even though your situation on April 15 is such that you are not required to file estimated tax at that time, your expected tax may change so that you will be required to file estimated tax later. In such case, the time for filing is as follows: June 15, if the change occurs after April 1 and before June 2; September 15, if the change occurs after June 1 and before September 2; January 15, if the change occurs after September 1. If, after you have filed a voucher, you find that your estimated tax is substantially increased or decreased as the result of a change in your tax, you should increase or decrease the amounts on your June 15, 2023, September 15, 2023, January 15, 2024 vouchers. Special Rule for Higher Income Taxpayers Farmers If your Alabama AGI for 2022 was more than $150,000 ($75,000 if your filing status for 2023 is Married Filing a Separate Return) substitute 110% for 100% in (2b) under General Rule, above. If at least 2/3 of your gross income for the taxable year is derived from farming, you may pay estimated tax at any time on or before January 15, 2024. If you wait until January 15, 2024, you must pay the entire balance of the estimated tax. However, if farmers file their tax return on or before March 1, 2024, and pay the total tax at that time, they need not file estimated tax. Penalties for Underpayment Alabama Department of Revenue Individual Estimates P.O. Box 327485 Montgomery, AL 36132-7485 MAIL TO: 1-1-2023 4-1-2023 6-1-2023 9-1-2023 4-2-2023 6-2-2023 9-2-2023 1-1-2024 4-15-2023 6-15-2023 9-15-2023 1-15-2024 1/4 of line 11 1/3 of line 11 1/2 of line 11 All of line 11 Penalties are provided for underpaying the Alabama income tax by at least $500.00. 4. The amount to be shown on Amount Paid With Voucher line is determined by (a) the date you meet the requirements for filing a estimated tax, (b) the amount of credit, if any, for overpayment from last year or income taxes withheld. Any overpayment credit may be applied to your earliest installment or divided equally among all the installments for the year. See the following schedule: 3. Enter your first name, middle initial, and last name. If joint estimated tax, show first name and middle initial of both spouses. (Example: John T. and Mary A. Doe). 2. Enter your social security number in space provided. If joint voucher, enter spouseʼs number on the line after yours. 1. Be sure you are using a form for the proper year. Do not use this form to file for any calendar year other than the year printed in bold type on the face of the form. Individuals who file on fiscal year basis (other than calendar year ending Dec. 31) should show beginning and ending dates of fiscal year in spaces provided on Form 40ES and each payment voucher. Instructions Your estimated tax may be paid in full or in equal installments on or before April 15, 2023, June 15, 2023, September 15, 2023 and January 15, 2024. If the 15th falls on a Saturday, Sunday, or If you file your income tax return on a fiscal year basis, you will substitute for the dates specified in the above instructions the months corresponding thereto. Amt. Due With Voucher Payment of Estimated Tax Fiscal Year Required Filing Date Your estimated tax must be filed on or before January 15, 2024, or on such later dates as specified under “Farmers.” It should be mailed to the Alabama Department of Revenue, Individual Estimates, P.O. Box 327485, Montgomery, AL 36132-7485. Requirements Met After & Before When and Where to File Estimated Tax Alabama Department of Revenue 40ES 2023 PRIMARY TAXPAYERʼS FIRST NAME MAILING ADDRESS Estimated Income Tax Payment Voucher SPOUSEʼS FIRST NAME CITY STATE LAST NAME ZIP ¡ • DAYTIME TELEPHONE NUMBER CHECK IF FISCAL YEAR Beginning Date: Ending Date: • Primary Taxpayer’s SSN: • Spouse’s SSN: • Amount Paid With Voucher: $ • MAIL TO: Alabama Department of Revenue Individual Estimates P.O. Box 327485 Montgomery, AL 36132-7485 ADOR ! Alabama Department of Revenue 40ES 2023 PRIMARY TAXPAYERʼS FIRST NAME MAILING ADDRESS Estimated Income Tax Payment Voucher SPOUSEʼS FIRST NAME CITY STATE LAST NAME ZIP ¬ • DAYTIME TELEPHONE NUMBER CHECK IF FISCAL YEAR Beginning Date: Ending Date: • Primary Taxpayer’s SSN: Spouse’s SSN: • Amount Paid With Voucher: • $ • MAIL TO: Alabama Department of Revenue Individual Estimates P.O. Box 327485 Montgomery, AL 36132-7485 ADOR ! Alabama Department of Revenue 40ES 2023 PRIMARY TAXPAYERʼS FIRST NAME MAILING ADDRESS Estimated Income Tax Payment Voucher SPOUSEʼS FIRST NAME CITY STATE LAST NAME ZIP CHECK IF FISCAL YEAR Beginning Date: Ending Date: • Primary Taxpayer’s SSN: • Spouse’s SSN: • Amount Paid With Voucher: $ • MAIL TO: Alabama Department of Revenue Individual Estimates P.O. Box 327485 Montgomery, AL 36132-7485 ADOR • DAYTIME TELEPHONE NUMBER √ MAIL TO: 1-1-2023 4-1-2023 6-1-2023 9-1-2023 4-15-2023 6-15-2023 9-15-2023 1-15-2024 1/4 of line 11 1/3 of line 11 1/2 of line 11 All of line 11 Alabama Department of Revenue Individual Estimates P.O. Box 327485 Montgomery, AL 36132-7485 4-2-2023 6-2-2023 9-2-2023 1-1-2024 MAIL TO: 1-1-2023 4-1-2023 6-1-2023 9-1-2023 4-15-2023 6-15-2023 9-15-2023 1-15-2024 1/4 of line 11 1/3 of line 11 1/2 of line 11 All of line 11 Amt. Due With Voucher Alabama Department of Revenue Individual Estimates P.O. Box 327485 Montgomery, AL 36132-7485 4-2-2023 6-2-2023 9-2-2023 1-1-2024 Required Filing Date MAIL TO: 1-1-2023 4-1-2023 6-1-2023 9-1-2023 4-15-2023 6-15-2023 9-15-2023 1-15-2024 Required Filing Date 1/4 of line 11 1/3 of line 11 1/2 of line 11 All of line 11 Amt. Due With Voucher Alabama Department of Revenue Individual Estimates P.O. Box 327485 Montgomery, AL 36132-7485 4-2-2023 6-2-2023 9-2-2023 1-1-2024 Requirements Met After & Before 4. The amount to be shown on Amount Paid With Voucher line is determined by (a) the date you meet the requirements for filing a estimated tax, (b) the amount of credit, if any, for overpayment from last year or income taxes withheld. Any overpayment credit may be applied to your earliest installment or divided equally among all the installments for the year. See the following schedule: 4. The amount to be shown on Amount Paid With Voucher line is determined by (a) the date you meet the requirements for filing a estimated tax, (b) the amount of credit, if any, for overpayment from last year or income taxes withheld. Any overpayment credit may be applied to your earliest installment or divided equally among all the installments for the year. See the following schedule: 4. The amount to be shown on Amount Paid With Voucher line is determined by (a) the date you meet the requirements for filing a estimated tax, (b) the amount of credit, if any, for overpayment from last year or income taxes withheld. Any overpayment credit may be applied to your earliest installment or divided equally among all the installments for the year. See the following schedule: Requirements Met After & Before 3. Enter your first name, middle initial, and last name. If joint estimated tax, show first name and middle initial of both spouses. (Example: John T. and Mary A. Doe). 3. Enter your first name, middle initial, and last name. If joint estimated tax, show first name and middle initial of both spouses. (Example: John T. and Mary A. Doe). 3. Enter your first name, middle initial, and last name. If joint estimated tax, show first name and middle initial of both spouses. (Example: John T. and Mary A. Doe). Amt. Due With Voucher 2. Enter your social security number in space provided. If joint voucher, enter spouseʼs number on the line after yours. 2. Enter your social security number in space provided. If joint voucher, enter spouseʼs number on the line after yours. 2. Enter your social security number in space provided. If joint voucher, enter spouseʼs number on the line after yours. Required Filing Date 1. Be sure you are using a form for the proper year. Do not use this form to file for any calendar year other than the year printed in bold type on the face of the form. Individuals who file on fiscal year basis (other than calendar year ending Dec. 31) should show beginning and ending dates of fiscal year in spaces provided on Form 40ES and each payment voucher. 1. Be sure you are using a form for the proper year. Do not use this form to file for any calendar year other than the year printed in bold type on the face of the form. Individuals who file on fiscal year basis (other than calendar year ending Dec. 31) should show beginning and ending dates of fiscal year in spaces provided on Form 40ES and each payment voucher. 1. Be sure you are using a form for the proper year. Do not use this form to file for any calendar year other than the year printed in bold type on the face of the form. Individuals who file on fiscal year basis (other than calendar year ending Dec. 31) should show beginning and ending dates of fiscal year in spaces provided on Form 40ES and each payment voucher. Requirements Met After & Before Instructions Instructions Instructions
40ES
More about the Alabama Form 40-ES Individual Income Tax Estimated TY 2023
Form 40ES is an estimated tax worksheet that will allow you to calculate your estimated quarterly income tax payments. Alabama expects you to pay income tax quarterly if you owed $500 or more on your previous year's tax return.
We last updated the Estimated Income Tax Worksheet in January 2024, so this is the latest version of Form 40-ES, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 40-ES directly from TaxFormFinder. You can print other Alabama tax forms here.
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File Now with TurboTaxOther Alabama Individual Income Tax Forms:
TaxFormFinder has an additional 47 Alabama income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form 40 | Alabama Individual Income Tax Return |
| Form 40 Booklet | Form 40 Income Tax Instruction Booklet |
| Schedule A, B, & DC | Itemized Deductions, Interest and Dividend Income and Donation Checkoffs (Form 40) |
| Form 40A | Individual Income Tax Return (Short Form) |
| Form 40-V | Individual Income Tax Payment Voucher |
View all 48 Alabama Income Tax Forms
Form Sources:
Alabama usually releases forms for the current tax year between January and April. We last updated Alabama Form 40-ES from the Department of Revenue in January 2024.
Form 40-ES is an Alabama Individual Income Tax form. While most taxpayers have income taxes automatically withheld every pay period by their employer, taxpayers who earn money that is not subject to withholding (such as self employed income, investment returns, etc) are often required to make estimated tax payments on a quarterly basis. Failure to make correct estimated payments can result in interest or penalties.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of Alabama Form 40-ES
We have a total of six past-year versions of Form 40-ES in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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