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Annualized Income Installment Method for Attach a copy
WORKSHEET
2023 Underpayment of 2023 Estimated Tax by of your federal
VERMONT IN-152A Form 2210,
Individual, Estates, and Trusts pages 1-4
Taxpayer Information Please Print or Type Page 2
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
123456789012345 4. Enter the amount from federal Form 2210, Page 1, Line 9 ....................... . . . . . . . . . . . . . 4. _____________________________.00
Calculations DUE DATES OF QUARTERLY PAYMENTS
CALCULATION OF UNDERPAYMENT April 15, 2023 June 15, 2023 Sept. 15, 2023 Jan. 15, 2024 Totals
5. Tax payments required per quarter from
federal Form 2210, Page 3, Line 27 .................... 1234567 1234567 1234567 1234567
6. Vermont payment due. (Divide Line 5 by Line 4,
then multiply by Line 3.) ............................ 1234567 1234567 1234567 1234567 IN-152A
7a. From 2023 Form IN-111, add Lines 25a, 25d, and 25e,
then multiply by 25% (0.25) per quarter ................ 1234567 1234567 1234567 1234567
7b. Enter 2022 carryforward and 2023 quarterly estimated
payments made by the due date per quarter. .............. 1234567 1234567 1234567 1234567 2 - 2
7c. Add Lines 7a and 7b. Each quarter should not equal
more than Line 6; apply any excess to the next quarter ..... 1234567 1234567 1234567 1234567
8. Underpayment per quarter (Subtract Line 7c from
Line 6). This line cannot be less than zero. .............. 1234567 1234567 1234567 1234567
9. Date FULL payment was made or April 15, 2024,
whichever date is earlier. ............................ 1234567 1234567 1234567 1234567
CALCULATION OF INTEREST
10a. Number of days AFTER the due date to the date reported on
Line 9 for each quarter, or Jan. 1, 2024, whichever date is earlier1234567 1234567 1234567 1234567
10b. Number of days FROM Jan. 1, 2024 to the date payment was
made on Line 9 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
11a. Interest due for 2023 (Divide Line 10a by 365, multiply
by 4.00% (0.04), then multiply by Line 8) ............... 1234567 1234567 1234567 1234567
11b. Interest due for 2024 (Divide Line 10b by 365, multiply
by 8.00% (0.08), then multiply by Line 8) ............... 1234567 1234567 1234567 1234567
12. Interest due per quarter (Add Lines 11a and 11b) .........1234567 1234567 1234567 1234567
1234567 13. Total underpayment interest due (Add Line 12 columns) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.
CALCULATION OF PENALTY
14. Number of months FROM the due date of that quarter to the date
shown on Line 9 (a portion of a month counts as a whole month)1234567 1234567 1234567 1234567
15. Penalty due per quarter (Multiply Line 14 by 1% (0.01)
then by Line 8) .................................... 1234567 1234567 1234567 1234567
1234567 16. Total underpayment penalty due (Add Line 15 columns) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.
TOTAL INTEREST AND PENALTY
1234567 17. Total underestimated interest and penalty due (Add Lines 13 and 16) .......................................... 17.
5433 Worksheet IN-152A, Page 1 of 1, Rev. 10/23