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Underpayment of 2023 Estimated WORKSHEET
2023
VERMONT Individual Income Tax IN-152
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Taxpayer Information Page 1
Taxpayer’s Last Name First Name MI Social Security Number
1234567890123(17) 1234567890123(17) 1 123456789
Spouse’s/CU Partner’s Last Name First Name MI Social Security Number
1234567890123(17) 1234567890123(17) 1 123456789
Required Annual Payment
1. 90% of 2023 VERMONT TAX MINUS CREDITS:
123456789012345 (Form IN-111, Line 20 minus Line 25c, multiplied by 90% (0.90)) . . . . . . . . . . . . . . . . . . . . . . . . .1. __________________________.00
2. 100% of 2022 VERMONT TAX MINUS CREDITS:
123456789012345 (Form IN-111, Line 20 minus Line 25c). ................................. . . . . . . . . . . . . . 2. __________________________.00
123456789012345 3. Enter the lesser of Line 1 or Line 2. ......................................... . . . . . . . . . . . . . 3. __________________________.00
Calculations DUE DATES OF QUARTERLY PAYMENTS
CALCULATION OF UNDERPAYMENT April 15, 2023 June 15, 2023 Sept. 15, 2023 Jan. 15, 2024 Totals
4. Tax payments required per quarter (Multiply Line 3 by .25) ..1234567 1234567 1234567 1234567
5a. From 2023 Form IN-111, add Lines 25a, 25d, and 25e,
then multiply by 25% (0.25) per quarter ................. 1234567 1234567 1234567 1234567
IN-152
5b. Enter 2022 carryforward and 2023 quarterly estimated
payments made by the due date per quarter ............... 1234567 1234567 1234567 1234567
5c. Add Lines 5a and 5b. Each quarter should not equal
more than Line 4; apply any excess to the next quarter ...... 1234567 1234567 1234567 1234567
6. Underpayment per quarter (Subtract Line 5c from Line 4). 1 - 1
This line cannot be less than zero. ...................... 1234567 1234567 1234567 1234567
7. Date FULL payment was made or April 15, 2024,
whichever date is earlier. ............................ 1234567 1234567 1234567 1234567
CALCULATION OF INTEREST
8a. Number of days AFTER the due date to the date reported on
Line 7 for each quarter, or Jan. 1, 2024, whichever date is earlier1234567 1234567 1234567 1234567
8b. Number of days FROM Jan. 1, 2024 to the date payment was
made on Line 7 for each quarter, or April 15, 2024, whichever date
is earlier. 4th quarter: Use number of days from Jan. 15, 2024.1234567... 1234567 1234567 1234567
9a. Interest due for 2023 (Divide Line 8a by 365, multiply
by 4.00% (0.04), then multiply by Line 6) ................ 1234567 1234567 1234567 1234567
9b. Interest due for 2024 (Divide Line 8b by 365, multiply
by 8.00% (0.08), then multiply by Line 6) ................ 1234567 1234567 1234567 1234567
10. Interest due per quarter (Add Lines 9a and 9b) ............1234567 1234567 1234567 1234567
123456711. Total underpayment interest due (Add Line 10 columns) ..................................................... 11.
CALCULATION OF PENALTY
12. Number of months FROM the due date of that quarter to
the date shown on Line 7 (a portion of a month counts
as a whole month) .................................. 1234567 1234567 1234567 1234567
13. Penalty due per quarter (Multiply Line 12 by 1% (0.01)
then by Line 6) .................................... 1234567 1234567 1234567 1234567
123456714. Total underpayment penalty due (Add Line 13 columns) ..................................................... 14.
TOTAL INTEREST AND PENALTY
123456715. Total underestimated interest and penalty due (Add Lines 11 and 14) ........................................... 15.
Worksheet IN-152
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5433 Rev. 10/23