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Vermont Annualized Income Installment Method for Underpayment of Estimated Individual Income Tax
Extracted from PDF file 2023-vermont-worksheet-in-152a.pdf, last modified January 2024Annualized Income Installment Method for Underpayment of Estimated Individual Income Tax
Annualized Income Installment Method for Underpayment of 2023 Estimated Tax by Individual, Estates, and Trusts 2023 VERMONT Taxpayer Information WORKSHEET IN-152A Attach a copy of your federal Form 2210, pages 1-4 Please Print or Type Taxpayer’s Last Name First Name MI Social Security Number Spouse’s/CU Partner’s Last Name First Name MI Social Security Number Required Annual Payment 1. 90% of 2023 VERMONT TAX MINUS CREDITS: (Form IN-111, Line 20 minus Line 25c, multiplied by 90% (0.90)). . . . . . . . . . . . . . . . . . . . . . . . . . 1. ___________________________ .00 2. 100% of 2022 VERMONT TAX MINUS CREDITS: (Form IN-111, Line 20 minus Line 25c).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. ___________________________ .00 3. Enter the lesser of Line 1 or Line 2.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3. ___________________________ .00 4. Enter the amount from federal Form 2210, Page 1, Line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4. ______________________________.00 Calculations CALCULATION OF UNDERPAYMENT DUE DATES OF QUARTERLY PAYMENTS April 15, 2023 June 15, 2023 Sept. 15, 2023 Jan. 15, 2024 5. Tax payments required per quarter from federal Form 2210, Page 3, Line 27. . . . . . . . . . . . . . . . . . . . 6. Vermont payment due. (Divide Line 5 by Line 4, then multiply by Line 3.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7a. From 2023 Form IN-111, add Lines 25a, 25d, and 25e, then multiply by 25% (0.25) per quarter . . . . . . . . . . . . . . . . 7b. Enter 2022 carryforward and 2023 quarterly estimated payments made by the due date per quarter.. . . . . . . . . . . . . . 7c. Add Lines 7a and 7b. Each quarter should not equal more than Line 6; apply any excess to the next quarter. . . . . 8. Underpayment per quarter (Subtract Line 7c from Line 6). This line cannot be less than zero.. . . . . . . . . . . . . . 9. Date FULL payment was made or April 15, 2024, whichever date is earlier. . . . . . . . . . . . . . . . . . . . . . . . . . . . . CALCULATION OF INTEREST 10a. Number of days AFTER the due date to the date reported on Line 9 for each quarter, or Jan. 1, 2024, whichever date is earlier 10b. Number of days FROM Jan. 1, 2024 to the date payment was made on Line 9 for each quarter, or April 15, 2024, whichever date is earlier. 4th quarter: Use number of days from Jan. 15, 2024. . . . 11a. Interest due for 2023 (Divide Line 10a by 365, multiply by 4.00% (0.04), then multiply by Line 8). . . . . . . . . . . . . . . 11b. Interest due for 2024 (Divide Line 10b by 365, multiply by 8.00% (0.08), then multiply by Line 8). . . . . . . . . . . . . . . 12. Interest due per quarter (Add Lines 11a and 11b) . . . . . . . . . 13. Total underpayment interest due (Add Line 12 columns) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13. CALCULATION OF PENALTY 14. Number of months FROM the due date of that quarter to the date shown on Line 9 (a portion of a month counts as a whole month) 15. Penalty due per quarter (Multiply Line 14 by 1% (0.01) then by Line 8). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16. Total underpayment penalty due (Add Line 15 columns) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16. TOTAL INTEREST AND PENALTY 17. Total underestimated interest and penalty due (Add Lines 13 and 16) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17. 5454 Worksheet IN-152A, Page 1 of 1, Rev. 10/23 Totals
Worksheet IN-152A
More about the Vermont Worksheet IN-152A Individual Income Tax Estimated TY 2023
We last updated the Annualized Income Installment Method for Underpayment of Estimated Individual Income Tax in February 2024, so this is the latest version of Worksheet IN-152A, fully updated for tax year 2023. You can download or print current or past-year PDFs of Worksheet IN-152A directly from TaxFormFinder. You can print other Vermont tax forms here.
Related Vermont Individual Income Tax Forms:
TaxFormFinder has an additional 51 Vermont income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Vermont Worksheet IN-152A.
| Form Code | Form Name |
|---|---|
| Worksheet IN-152 | Underpayment of Estimated Individual Income Tax |
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 Worksheet IN-152A from the Department of Taxes in February 2024.
Worksheet IN-152A 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 Worksheet IN-152A
We have a total of nine past-year versions of Worksheet IN-152A 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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