Page 34 - Tax withholding and Estimated Taxes

Page 32 of 47
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Worksheets for Chapter 2 12:15 - 17-Jun-2020

Use the following worksheets and tables to figure your correct estimated tax.

IF you need... THEN use...
2020 Tax Rate Schedules 2020 Tax Rate Schedules

the 2020 Estimated Tax Worksheet Worksheet 2-1
to estimate your taxable social security and railroad retirement benefits—line 1 of ES Worksheet (or Worksheet 2-2
Annualized ES Worksheet (Worksheet 2-7))

to estimate your self-employment (SE) tax and your deduction for SE tax—lines 1 and 11 of ES Worksheet Worksheet 2-3
(lines 1 and 17 of Annualized ES Worksheet (Worksheet 2-7))
to estimate your standard deduction—line 2 of ES Worksheet (line 7 of Annualized ES Worksheet Worksheet 2-4
(Worksheet 2-7))
to estimate your income tax if line 1 of your ES Worksheet includes a net capital gain or qualified Worksheet 2-5
dividends—line 4 of ES Worksheet

to estimate your income tax if you expect to claim a foreign earned income exclusion or foreign housing Worksheet 2-6
exclusion or deduction on Form 2555—line 4 of ES Worksheet

the 2020 Annualized Estimated Tax Worksheet (Annualized ES Worksheet) Worksheet 2-7
to estimate your income tax if line 1 of your Annualized ES Worksheet includes a net capital gain or Worksheet 2-8
qualified dividends—line 10 of Annualized ES Worksheet

to estimate your income tax if you expect to claim a foreign earned income exclusion or foreign housing Worksheet 2-9
exclusion or deduction on Form 2555—line 10 of Annualized ES Worksheet
to refigure (amend) your estimated tax during the year Worksheet 2-10

Page 32 Chapter 2 Estimated Tax for 2020