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4 Vermont Department of Taxes 4
5 DEPT 5
6 Form IN-114 USE *241141100* 6
7 ONLY 7
Vermont Individual Income Estimated *241141100*
8 Tax Payment Voucher Please PRINT in BLUE or BLACK INK 8 Page 3
9 9
10 Taxpayer’s Last Name First Name MI Taxpayer’s Social Security Number 10
11 11
1234567890123(17) 1234567890123(17) 1 123456789
12 Spouse’s/CU Partner’s Last Name First Name MI Spouse’s or CU Partner’s Social Security Number 12
13 13
1234567890123(17) 1234567890123(17) 1 123456789
14 Mailing Address (Number and Street/Road or PO Box) Tax Year 14
15 15
12345678901234567890123456789012(36) 20242024
16 City State ZIP Code or Postal Code 16
17 17
123456748901234567(21) 12 1234567890 Amount of
18 123456789 Foreign Country (if not United States) this payment ...... __________________________ .00 18
19 19
1234567890123456789012345678(32)
20 20
Form IN-114
21 5454 Rev.10/21Rev.10/23 21
22 22
23 23
24 24
25 25 FORM (Place at FIRST page)
26 26 Form pages
27 27
28 Did you know? You can make your estimated income tax payment online using ACH 28
29 Pay your income debit or your credit card . Visit us on the web at myVTax.vermont.gov and select 29
30 taxes online 30
“Make a Payment” to get started .
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32 32
Underpayment Interest and Penalties
33 33
34 Vermont law states that you must pay during the calendar year through withholding, timely made estimated 34
35 payments, or a combination of both, an amount equal to 100% of your prior year tax liability or 90% of your 35
36 current year tax liability, whichever is less . 36
37 37
If you do not meet this requirement and owe more than $500 when you file your personal income tax return,
38 38
39 you will be assessed penalties and interest . The underpayment in each quarter is assessed from the estimated 39
40 payment due date to the date the tax is paid . 40
41 Calculate your payment using the “Taxpayer’s Worksheet.” Record your payments. 41
42 42
43 Taxpayer’s Worksheet - Keep for your records 43
44 44
45 100% of 2023 Tax Liability divided by 4 $ _____________________ 45
46 OR 46
47 90% of 2024 Tax Liability (calculated below) 47
48 Line 1 Estimated 2024 Vermont Taxable Income . . . . . . . . . . . . . . . . . . . . . . . . . . 1.. $_____________________ 48
49 Line 2 Estimated 2024 Vermont Tax: Use 2024 preliminary tax schedules 49
50 (See instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. $_____________________ 50
51 51
52 Line 3 Estimated 2024 Vermont Tax with Adjustments . 52
53 See instructions for Form IN-111, Line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . 3.. $_____________________ 53
54 Line 4 Estimated Income Adjustment . 54
55 See instructions for Form IN-111, Line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . 4.. _____________________% 55
56 Line 5 Adjusted Vermont Tax (Multiply Line 3 by Line 4) . . . . . . . . . . . . . . . . . . . . 5. $_____________________ 56
57 57
58 Line 5a Expected 2024 Vermont Tax Withholding . . . . . . . . . . . . . . . . . . . . . . . . . . 5a. $_____________________ 58
59 Line 6 2024 Estimated Tax Liability (Line 5 minus Line 5a) . . . . . . . . . . . . . . . . . 6. $_____________________ 59
60 Line 7 Quarterly payments due (Divide Line 6 by 4) . . . . . . . . . . . . . . . . . . . . . . . . 7. $_____________________ 60
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62 You can check the status of your estimated payments online at myVTax.vermont.gov under Payments, 62
63 63
“Find my Estimated Payment .”
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