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Vermont Individual Income Estimated Tax Payment Voucher
Extracted from PDF file 2024-vermont-form-in-114.pdf, last modified November 2023Individual Income Estimated Tax Payment Voucher
Vermont Department of Taxes DEPT USE ONLY Form IN-114 *241141100* Vermont Individual Income Estimated * 2 4 1 1 4 1 1 0 0 * Tax Payment Voucher Please PRINT in BLUE or BLACK INK Taxpayer’s Last Name First Name MI Taxpayer’s Social Security Number Spouse’s/CU Partner’s Last Name First Name MI Spouse’s or CU Partner’s Social Security Number Mailing Address (Number and Street/Road or PO Box) Tax Year 2024 City State ZIP Code or Postal Code Foreign Country (if not United States) Amount of this payment . . . . . . ___________________________ Form IN-114 Rev.10/21 Rev.10/23 5454 Clear ALL fields Pay your income taxes online .00 Save and go to Important Printing Instructions Save and Print Did you know? You can make your estimated income tax payment online using ACH debit or your credit card. Visit us on the web at myVTax.vermont.gov and select “Make a Payment” to get started. Underpayment Interest and Penalties Vermont law states that you must pay during the calendar year through withholding, timely made estimated payments, or a combination of both, an amount equal to 100% of your prior year tax liability or 90% of your current year tax liability, whichever is less. If you do not meet this requirement and owe more than $500 when you file your personal income tax return, you will be assessed penalties and interest. The underpayment in each quarter is assessed from the estimated payment due date to the date the tax is paid. Calculate your payment using the “Taxpayer’s Worksheet.” Record your payments. Taxpayer’s Worksheet - Keep for your records 100% of 2023 Tax Liability divided by 4 $______________________ OR 90% of 2024 Tax Liability (calculated below) Line 1 Estimated 2024 Vermont Taxable Income . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. $_____________________ Line 2 Estimated 2024 Vermont Tax: Use 2024 preliminary tax schedules (See instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. $_____________________ Line 3 Estimated 2024 Vermont Tax with Adjustments. See instructions for Form IN-111, Line 10. . . . . . . . . . . . . . . . . . . . . . . . . . . 3. $_____________________ Line 4 Estimated Income Adjustment. See instructions for Form IN-111, Line 15. . . . . . . . . . . . . . . . . . . . . . . . . . . 4. _____________________ % Line 5 Adjusted Vermont Tax (Multiply Line 3 by Line 4). . . . . . . . . . . . . . . . . . . . 5. $_____________________ Line 5a Expected 2024 Vermont Tax Withholding. . . . . . . . . . . . . . . . . . . . . . . . . . 5a. $_____________________ Line 6 2024 Estimated Tax Liability (Line 5 minus Line 5a). . . . . . . . . . . . . . . . . 6. $_____________________ Line 7 Quarterly payments due (Divide Line 6 by 4). . . . . . . . . . . . . . . . . . . . . . . . 7. $_____________________ You can check the status of your estimated payments online at myVTax.vermont.gov under Payments, “Find my Estimated Payment.” Payment Due Dates 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter APR 15, 2024 JUN 17, 2024 SEP 16, 2024 JAN 15, 2025 Contacting the Department Mail voucher and payment to: Vermont Department of Taxes PO Box 1779 Montpelier, VT 05601-1779 Web site Address: tax.vermont.gov Email Address: [email protected] Telephone: (866) 828-2865 (toll-free in Vermont) (802) 828-2865 (local and out-of-state)
Form IN-114
More about the Vermont Form IN-114 Individual Income Tax Estimated TY 2024
You must pay estimated income tax if you are self employed or do not pay sufficient tax withholding. Estimated tax payments must be sent to the Vermont Department of Taxes on a quarterly basis.
We last updated the Individual Income Estimated Tax Payment Voucher in March 2024, so this is the latest version of Form IN-114, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IN-114 directly from TaxFormFinder. You can print other Vermont tax forms here.
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TaxFormFinder has an additional 51 Vermont income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form IN-111 | Vermont Personal Income Tax Return |
| Form IN-114 | Individual Income Estimated Tax Payment Voucher |
| Form HS-122 (Instructions) | Vermont Homestead Declaration AND Property Tax Credit Claim (Instructions) |
| Form IN-116 | Income Tax Payment Voucher |
| Form 176 | Statement Of Claimant To Refund Due On Behalf Of Deceased Taxpayer |
View all 52 Vermont Income Tax Forms
Form Sources:
Vermont usually releases forms for the current tax year between January and April. We last updated Vermont Form IN-114 from the Department of Taxes in March 2024.
Form IN-114 is a Vermont 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 Vermont Form IN-114
We have a total of nine past-year versions of Form IN-114 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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