Rev. date: 04/04/2013
You do not have to pay estimated tax if you meet all three of the following
conditions:
- You had no tax liability for the prior year.
- You were a U.S. citizen or resident for the whole year.
- Your prior tax year covered a 12-month period.
You had
no tax liability
if your total tax was zero or you did not have to file an income tax return.
- Your total tax on
Form 1040
(PDF) is the amount listed on the line labeled "total tax" taking in
consideration certain reductions. See the section "No Tax Liability Last
Year" in chapter 4 of
Publication 505,
Tax Withholding and Estimated Tax, for these reductions.
- On
Form 1040A
(PDF), it is labeled "total tax" reduced by the amount of earned income credit,
additional child tax credit and refundable American opportunity credit.
- On
Form 1040EZ
(PDF), it is the amount labeled "tax" reduced by the amount of earned income
credit.
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