Estimated tax payments are required on income not subject to withholding, such as earnings from self-employment, unemployment, interest and dividends. This includes income earned in another state while living in Kansas. You must pay estimated tax if:
your estimated Kansas Income Tax after all credits is $500 or more; and,
you expect your withholding and credits to be less than the smaller of:
90% of the tax on your tax return for tax year 2008; or
100% of the tax shown on your 2007 tax return.
Nonresidents should only consider income from Kansas sources for meeting these conditions.
Calendar Year Taxpayers (except Farmers and Fishers)
Payments are due on or before the due dates on each voucher (April 15, 2008, June 15, 2008, September 15, 2008 and January 15, 2009) unless your return for the 2008 tax year is filed and the tax fully paid by January 31, 2009.
Farmers and Fishers
Payment is due on or before January 15, 2009 unless your return for the 2008 tax year is filed on or before March 1, 2009.
Fiscal Year Taxpayers
Payments are due on or before the 15th day of the 4th, 6th and 9th months of the current fiscal year and the 1st month of the following fiscal year.
When the due date falls on a Saturday, Sunday, or legal holiday, substitute the next regular workday.
Important: Please use black ink to complete the vouchers and be sure you use the correct voucher for the quarter in which you are remitting payment.
Complete the enclosed worksheet to calculate your estimated tax for tax year 2008. Note: You may need to recompute your estimate if there are substantial changes to your income and/or deductions during the year.
Make sure the information on each voucher is complete, and the amount of your payment is entered in the area provided. If you plan to file a joint return, include both names and Social Security numbers.
Write your Social Security number on your check or money order and make payable to: Kansas Individual Estimated Income Tax.
Send the voucher and payment to:
Individual Estimated Income Tax
Kansas Department of Revenue
915 SW Harrison Street
Topeka, KS 66625-2000
Assistance in completing your voucher is available by contacting the Department of Revenue at 785-368-8222.
If you do not pay enough estimated tax, a penalty may be charged. However, the penalty will not apply if each payment is timely and your total payments and credits:
are at least 90% (66 2/3% for farmers and fishers) of the tax shown on your return for tax year 2008, or
equal or exceed 100% of the tax shown on your 2007 return, (the return must cover a 12-month period with a tax liability), or
equal or exceed 90% of the tax shown on your annualized income for periods January 2, 2008 to March 31, May 31, August 31 and December 31, 2008.
Use Schedule K-210 to figure any underpayment of estimated tax to determine if you meet one of the exceptions to the penalty, and figure any penalty due. Schedule K-210 is available from our forms order line (785-296-4937) or from our web site: www.ksrevenue.org
1. |
Enter the total adjusted gross income you expect to receive during tax year 2008 |
1 ________ |
2. |
Enter your standard deduction (from chart below) or estimated amount of itemized deductions. The standard deduction chart applies to most taxpayers. However, if you or your spouse are 65 or over, or blind, or if someone else can claim you as a dependent, use the standard deduction worksheets in the Kansas Income Tax booklet |
2 ________ |
3. |
Exemptions ($2,250 times the number of personal exemptions) |
3 ________ |
4. |
Total deductions (Add lines 2 and 3) |
4 ________ |
5. |
Kansas taxable income (Subtract line 4 from line 1) |
5 ________ |
6. |
Estimated Kansas tax liability (Use the Tax Computation Schedules below) |
6 ________ |
7. |
Estimated Kansas withholding and tax credits for the year 2008 |
7 ________ |
8. |
Kansas estimated income tax (Subtract line 7 from line 6). If the amount is less than $500, estimated tax payments are not required. |
8 ________ |
9. |
Amount of each quarterly payment (enter 1/4 of line 8 here and on Voucher 1). If you are beginning estimated payments after April 15, but on or before: |
9 ________ |
Note: Although estimated tax payments are due on or before the date printed on each voucher, you may pay all of your estimated tax by April 15, 2008.
Standard Deduction Chart
Single |
$3,000 |
Married Filing Joint |
$6,000 |
Married Filing Separate |
$3,000 |
Head of Household |
$4,500 |
Estimated Payment Record
Date Paid |
Amount |
2007 Carryforward |
________ |
_______________ |
________ |
_______________ |
________ |
_______________ |
________ |
_______________ |
________ |
Total Payments |
________ |
Tax Computation Schedules
Important: Be sure to use the proper schedule for your filing status.
Schedule I – Married Filing Joint
If line 5 is: |
|
|
$0 |
$30,000 |
3.50% of line 5 |
$30,000 |
$60,000 |
$1,050 plus 6.25% of excess over $30,000 |
$60,000 |
$2,925 plus 6.45% of excess over $60,000 |
Schedule II – Single, Head Of Household, Or Married Filing Separate
If line 5 is: |
|
|
$0 |
$15,000 |
3.50% of line 5 |
$15,000 |
$30,000 |
$ 525 plus 6.25% of excess over $15,000 |
$30,000 |
$1,462.50 plus 6.45% of excess over $30,000 |