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4 Annualized Income Installment Method for Attach a copy 4
WORKSHEET
5 2023 Underpayment of 2023 Estimated Tax by of your federal 5
6 VERMONT IN-152A Form 2210, 6
7 Individual, Estates, and Trusts pages 1-4 7
8 Taxpayer Information Please Print or Type 8 Page 2
9 9
10 Taxpayer’s Last Name First Name MI Social Security Number 10
11 11
1234567890123(17) 1234567890123(17) 1 123456789
12 Spouse’s/CU Partner’s Last Name First Name MI Social Security Number 12
13 13
1234567890123(17) 1234567890123(17) 1 123456789
14 14
Required Annual Payment
15 15
16 1. 90% of 2023 VERMONT TAX MINUS CREDITS: 16
123456789012345 (Form IN-111, Line 20 minus Line 25c, multiplied by 90% (0.90)) . . . . . . . . . . . . . . . . . . . . . . . . . 1. __________________________.00
17 17
18 2. 100% of 2022 VERMONT TAX MINUS CREDITS: 18
123456789012345 (Form IN-111, Line 20 minus Line 25c). ................................. . . . . . . . . . . . . . 2. __________________________.00
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20 20
123456789012345 3. Enter the lesser of Line 1 or Line 2. ......................................... . . . . . . . . . . . . . 3. __________________________.00
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123456789012345 4. Enter the amount from federal Form 2210, Page 1, Line 9 ....................... . . . . . . . . . . . . . 4. _____________________________.00
23 23
24 Calculations DUE DATES OF QUARTERLY PAYMENTS 24
25 CALCULATION OF UNDERPAYMENT April 15, 2023 June 15, 2023 Sept. 15, 2023 Jan. 15, 2024 Totals 25
26 26
5. Tax payments required per quarter from
27 federal Form 2210, Page 3, Line 27 .................... 1234567 1234567 1234567 1234567 27
28 28
6. Vermont payment due. (Divide Line 5 by Line 4,
29 then multiply by Line 3.) ............................ 1234567 1234567 1234567 1234567 29 IN-152A
30 30
7a. From 2023 Form IN-111, add Lines 25a, 25d, and 25e,
31 then multiply by 25% (0.25) per quarter ................ 1234567 1234567 1234567 1234567 31
32 32
7b. Enter 2022 carryforward and 2023 quarterly estimated
2 - 2
33 payments made by the due date per quarter. .............. 1234567 1234567 1234567 1234567 33
34 34
7c. Add Lines 7a and 7b. Each quarter should not equal
35 more than Line 6; apply any excess to the next quarter ..... 1234567 1234567 1234567 1234567 35
36 36
8. Underpayment per quarter (Subtract Line 7c from
37 Line 6). This line cannot be less than zero. .............. 1234567 1234567 1234567 1234567 37
38 38
9. Date FULL payment was made or April 15, 2024,
39 whichever date is earlier. ............................ 1234567 1234567 1234567 1234567 39
40 40
CALCULATION OF INTEREST
41 41
42 10a. Number of days AFTER the due date to the date reported on 42
Line 9 for each quarter, or Jan. 1, 2024, whichever date is earlier1234567 1234567 1234567 1234567
43 43
44 10b. Number of days FROM Jan. 1, 2024 to the date payment was 44
made on Line 9 for each quarter, or April 15, 2024, whichever date
45 is earlier. 4th quarter: Use number of days from Jan. 15, 2024 ....1234567 1234567 1234567 1234567 45
46 46
11a. Interest due for 2023 (Divide Line 10a by 365, multiply
47 by 4.00% (0.04), then multiply by Line 8) ............... 1234567 1234567 1234567 1234567 47
48 48
11b. Interest due for 2024 (Divide Line 10b by 365, multiply
49 by 8.00% (0.08), then multiply by Line 8) ............... 1234567 1234567 1234567 1234567 49
50 50
51 12. Interest due per quarter (Add Lines 11a and 11b) ......... 1234567 1234567 1234567 1234567 51
52 52
53 1234567 13. Total underpayment interest due (Add Line 12 columns) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13. 53
54 54
CALCULATION OF PENALTY
55 55
14. Number of months FROM the due date of that quarter to the date
56 shown on Line 9 (a portion of a month counts as a whole month)1234567 1234567 1234567 1234567 56
57 57
15. Penalty due per quarter (Multiply Line 14 by 1% (0.01)
58 then by Line 8) .................................... 1234567 1234567 1234567 1234567 58
59 59
60 1234567 16. Total underpayment penalty due (Add Line 15 columns) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16. 60
61 61
62 TOTAL INTEREST AND PENALTY 62
63 1234567 17. Total underestimated interest and penalty due (Add Lines 13 and 16) .......................................... 17. 63
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