Delaware Underpayment of Estimated Taxes

Underpayment of Estimated Taxes
Form PIT-UND
D
ELAWARE
DIVISION OF REVENUE

F

2 O0 2R 3 M
PIT-UND

Delaware Underpayment of Estimated Taxes


FIRST NAME

LAST NAME

1

PRINT

TAXPAYER ID

TAXPAYER IS A FARMER OR FISHERMAN
PART

RESET

TAXPAYER IS USING THE ANNUALIZATION OF INCOME METHOD

REQUIRED ANNUAL PAYMENT

A

Enter 90% of 2023 Delaware tax liability (Line 32 Form PIT-RES minus Line 33 Form PIT-RES, or Line 47 Form PIT-NON)

A

B

Enter 100% or 110% of 2022 Delaware tax liability (Line 32 PIT-RES minus Line 33 PIT-RES, or Line 47 PIT-NON). (See instructions)

B

C

Enter the smaller of Line “A” or Line ”B”. This is your Required Annual Amount.

C

D

Delaware Withholding

D

E

Subtract Line “D” from Line “C”. If $800 or less, stop here. You do not owe the penalty.

E

PART

2

SHORT METHOD (See instructions)

F

Enter the amount of Estimated Tax Payments, S Corp Payments or Refundable Business Credit

F

G

Delaware Withholding

G

H

Add Line “F” and Line “G” and enter here

H

I

TOTAL UNDERPAYMENT - Subtract Line “H” from Line “C”. If zero or less, stop here.

I

J

Multiply Line “I” by 12% (times 0.12)

J

K

If the amount on Line “I” was paid on or after April 30, 2024, enter zero (0). If it was paid before April 30, 2024, Multiply the
number of days from the date Line “I” was paid before April 30, 2024, times .05% (.0005) times the amount on Line “I”.

K

L

ESTIMATED PENALTY - Subtract Line “K” from Line “J” and enter here

L

PART

4

TIME PERIOD

COMPUTING THE OVER/UNDER PAYMENT

28

Enter amount from Part 3, Line 27

28

29

Enter the amount of Estimated, S Corp, Capital Gain Tax payments, or Refundable
Business Credits

29

30

Delaware Withholding

30

31

Add Line 29 and Line 30

31

32

Enter amount, if any, from Line 38 of the previous column of this schedule
(i.e., Column 2 equals Line 38 Column 1, Column 3 equals Line 38 Column 2, etc.)

32

33

Add Line 31 and Line 32

33

34

Sum amounts from Line 36 and Line 37 of the previous column of this schedule
(i.e., Column 2 equals Line 36 Column 1 plus Line 37 Column 1, etc.)

34

35

Subtract Line 34 from Line 33. If zero or less, enter zero (0).
For Column 1 only, enter the amount from Line 31.

35

36

If Line 35 equals zero, then Subtract Line 33 from Line 34.
Otherwise, enter zero (0).

36

37

UNDERPAYMENT. If Line 28 is equal to or larger than Line 35, Subtract Line 35
from Line 28. Then go to Line 32 of the next column. Otherwise, go to Line 38.

37

38

OVERPAYMENT. If Line 35 is larger than Line 28, Subtract Line 28 from Line 35.
Then go to Line 32 of the next column.

38

PART

5

1/1/23 - 4/30/23

5/1/23 - 6/15/23

5/1/23

6/15/23

6/16/23 - 9/15/23

9/16/23 - 1/15/24

PAYMENT DUE

COMPUTING THE PENALTY (See instructions)

39

40

Enter number of days from date on Line 39 to when payment was made

40

41

Multiply Line 40 by .05% (times .0005)

41

42

PENALTY FOR PERIOD - Multiply Line 37 by Line 41

42

43

Add penalties from each Column on Line 42 to determine the Total Penalty (i.e., Line 42 Column 1 plus Line 42 Column 2, etc.)

DFPITUND2023019999V1
Revision 20230911
Page 1

9/15/23

1/16/24

43

D
ELAWARE
DIVISION OF REVENUE

F

2 O0 2R 3 M
PIT-UND

Delaware Underpayment of Estimated Taxes

CHECK HERE IF YOU USED A NON-RESIDENT RETURN

PART

3

TIME PERIOD

ANNUALIZED INSTALLMENT METHOD

1

2

Enter Delaware AGI from your 2023 Delaware Return (Line 12 - Form PIT-RES, or
Line 37 - Form PIT-NON) for period

2

3

MULTIPLIER

3

4

ANNUALIZED AGI - Multiply Line 2 by Line 3.

4

5

Enter Delaware Itemized Deductions (Line 18 - Form PIT-RES, Line 38 - Form PIT-NON)
for period. Enter zero (0) if you didn’t itemize.

5

6

MULTIPLIER

6

7

ANNUALIZED ITEMIZED DEDUCTIONS - Multiply Line 5 by Line 6

7

8

Enter the Total Delaware Standard Deduction Amount. (See Instructions)
Enter zero (0) if you itemized.

8

9

DELAWARE DEDUCTIONS - Enter amount from Line 7 if you itemized, or from Line 8 if
you used the standard deduction

9

10

DELAWARE TAXABLE INCOME - Subtract Line 9 from Line 4

10

11

TAX LIABILITY - Using the tax table or tax schedule, figure the amount of tax due on the
amounts from Line 10

11

12

TAX ON LUMP SUM (See Instructions)

12

13

TOTAL TAX - Add Line 11 to Line 12

13

14

NON-RESIDENT FILERS ONLY - Multiply Line 13 by the proration percentage on
Line 42 of Form PIT-NON

14

15

TOTAL PERSONAL CREDIT AMOUNT (See Instructions)

15

16

NON-RESIDENT FILERS ONLY - Multiply Line 15 by the proration percentage on
Line 42 of Form PIT-NON

16

17

OTHER NON-REFUNDABLE CREDITS - Add Lines 27, 28, 29, 30, & 33 of Form PIT-RES
or Lines 44 & 45 of Form PIT-NON and enter here

17

18

RESIDENTS - Subtract Line 15 and Line 17 from Line 13.
NON-RESIDENTS - Subtract Line 16 and Line 17 from Line 14.

18

19

MULTIPLIER

19

20

Multiply Line 18 by Line 19

20

21

Sum all previous columns from Line 27
(i.e., Column 2 equals Line 27 Column 1, Column 3 equals Line 27 Column 1 plus Line 27 Column 2, etc.)

21

22

Subtract Line 21 from Line 20. If zero or less, enter zero (0).

22

23

Enter 1/4 of the total from Part 1, Line “C”, in each column

23

24

Enter the amount from Line 26 of the previous column of this schedule
(i.e., Column 2 equals Line 26, Column 1, Column 3 equals Line 26, Column 2, etc.)

24

25

Add Line 23 to Line 24

25

26

Subtract Line 22 from Line 25. If zero or less, enter zero (0)

26

27

Enter the smaller of Line 22 or Line 25 here and on Line 28

27

DFPITUND2023029999V1
Revision 20230911
Page 2

1/1/23 - 3/31/23

1/1/23 - 5/31/23

1/1/23 - 8/31/23

1/1/23 - 12/31/23

4

2.4

1.5

1

4

2.4

1.5

1

.225

.450

.675

.900