Rev. date: 12/21/2012
You do not have to pay estimated tax if you meet all three of the following
conditions:
- You had no tax liability for the prior year.
- You were a U.S. citizen or resident for the whole year.
- Your prior tax year covered a 12-month period.
You had
no tax liability
if your total tax was zero or you did not have to file an income tax return.
- Your total tax on
Form 1040
(PDF) is the amount listed on the line labeled "total tax" reduced by the amount
of earned income credit, additional child tax credit, credits from
Form 4136 (PDF),
Credit for Federal Tax Paid on Fuels, and
Form 8885 (PDF),
Health Coverage Tax Credit.
- On
Form 1040A
(PDF), it is labeled "total tax" reduced by the amount of earned income credit
and additional child tax credit.
- On
Form 1040EZ
(PDF), it is the amount labeled "tax" reduced by the amount of earned income
credit.
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