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