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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
Spouse’s/CU Partner’s Last Name First Name MI Spouse’s or CU Partner’s Social Security Number
Mailing Address (Number and Street/Road or PO Box) Tax Year
2024
City State ZIP Code or Postal Code
Amount of
Foreign Country (if not United States) this payment ...... __________________________ .00
Form IN-114
5454 Rev.10/21Rev.10/23
Clear ALL fields Save and go to Important Printing Instructions Save and Print 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 .”
