Page 19 - Tax Withholding Estimator FAQ's
P. 19
Where do I enter estimated
tax payments?
- For income such as dividends, int erest ,
dist ribut ions from an IRA (not Rot h IRAs),
401(k) or a t rust , or ot her form of
specialized income:
- Select the checkbox that reads ?Had
withholding or made estimated payments
for income such as dividends, interest,
distributions from an IRA (not Roth IRAs),
401(k) or a trust, or other form of specialized
income? on Step 1 and then enter the
estimated tax payments in the input box on
Step 2. Use this to account for estimated
payments that have already been paid.
- For self-employment income: Where do I input capital
- If you selected Self-Employment Income on gains and losses
Step 1, there will be a prompt on Step 2
under Self-Employment Income field to - You can enter an estimate of capital
enter ?Estimated federal income tax you gains by checking the box on Step 1
paid toward self-employment income.? Use
this to account for estimated payments that that says ?Receive unearned income
have already been paid. such as dividends, interest,
annuities, alimony, or a distribution
Where do I account for from an IRA (not Roth IRAs), 401(k)
or a trust.?
my IRA distributions? - You will then be given an
opportunity on Step 2 to enter the
Select the checkbox that amount you expect.
- Note, however, that the Tax
reads ?Receive unearned Withholding Estimator does not
income such as dividends, currently take into account any
lower tax rates that your capital
interest, annuities, alimony, gains may benefit from, but it will
or a distribution from an IRA ensure that enough tax is withheld
to more than cover that income.
(not Roth IRAs), 401(k) or a
trust? on Step 1 and then
/!\ More informat ion
enter the amount for IRA - For more information on federal taxes
distributions in the input box please visit IRS.gov. /!\
on Step 2.