Federal Form 2210 (Underpayment of Estimated Tax by Individuals, Estates, and Trusts) (2023)

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Underpayment of Estimated Tax by Individuals, Estates, and Trusts
2022 Form 2210

Form2210Department of the TreasuryInternal Revenue ServiceUnderpayment of Estimated Tax byIndividuals, Estates, and TrustsOMB No. 1545-0140Go to www.irs.gov/Form2210 for instructions and the latest information.Attach to Form 1040, 1040-SR, 1040-NR, or 1041.2022AttachmentSequence No. 06Identifying numberName(s) shown on tax returnDo You Have To File Form 2210?Complete lines 1 through 7 below. Is line 4 or line 7 less than$1,000?No▼Complete lines 8 and 9 below. Is line 6 equal to or more thanline 9?No▼You may owe a penalty. Does any box in Part II below apply?YesYesYes▶Don’t file Form 2210. You don’t owe a penalty.▶You don’t owe a penalty. Don’t file Form 2210 unlessbox E in Part II applies, then file page 1 of Form 2210.▶You must file Form 2210. Does box B, C, or D in Part IIapply?NoNoYes▶You must figure your penalty.▼Don’t file Form 2210. You aren’t required to figureyour penalty because the IRS will figure it and sendyou a bill for any unpaid amount. If you want to figureit, you may use Part III as a worksheet and enter yourpenalty amount on your tax return, but don’t file Form2210.Part I▼You aren’t required to figure your penalty because the IRSwill figure it and send you a bill for any unpaid amount. If youwant to figure it, you may use Part III as a worksheet andenter your penalty amount on your tax return, but file onlypage 1 of Form 2210.Required Annual Payment1 Enter your 2022 tax after credits from Form 1040, 1040-SR, or 1040-NR, line 22. (See theinstructions if not filing Form 1040.) . . . . . . . . . . . . . . . . . . . . . .12 Other taxes, including self-employment tax and, if applicable, Additional Medicare Tax and/or NetInvestment Income Tax (see instructions) . . . . . . . . . . . . . . . . . . . .23 Other payments and refundable credits (see instructions) . . . . . . . . . . . . . . .3 ()4 Current year tax. Combine lines 1, 2, and 3. If less than $1,000, stop; you don’t owe a penalty.Don’t file Form 2210 . . . . . . . . . . . . . . . . . . . . . . . . . . .45 Multiply line 4 by 90% (0.90) . . . . . . . . . . . . . . .56 Withholding taxes. Don’t include estimated tax payments. See instructions . . . . . . . .67 Subtract line 6 from line 4. If less than $1,000, stop; you don’t owe a penalty. Don’t file Form 221078 Maximum required annual payment based on prior year’s tax (see instructions) . . . . . . .89 Required annual payment. Enter the smaller of line 5 or line 8 . . . . . . . . . . . .9Next: Is line 9 more than line 6?No. You don’t owe a penalty. Don’t file Form 2210 unless box E below applies.Yes. You may owe a penalty, but don’t file Form 2210 unless one or more boxes in Part II below applies.• If box B, C, or D applies, you must figure your penalty and file Form 2210.• If box A or E applies (but not B, C, or D), file only page 1 of Form 2210. You aren’t required to figure your penalty; the IRSwill figure it and send you a bill for any unpaid amount. If you want to figure your penalty, you may use Part III as a worksheetand enter your penalty on your tax return, but file only page 1 of Form 2210.Part II Reasons for Filing. Check applicable boxes. If none apply, don’t file Form 2210.AYou request a waiver (see instructions) of your entire penalty. You must check this box and file page 1 of Form 2210, but youaren’t required to figure your penalty.BYou request a waiver (see instructions) of part of your penalty. You must figure your penalty and waiver amount and file Form2210.CYour income varied during the year and your penalty is reduced or eliminated when figured using the annualized incomeinstallment method. You must figure the penalty using Schedule Al and file Form 2210.DYour penalty is lower when figured by treating the federal income tax withheld from your income as paid on the dates it wasactually withheld, instead of in equal amounts on the payment due dates. You must figure your penalty and file Form 2210.You filed or are filing a joint return for either 2021 or 2022, but not for both years, and line 8 above is smaller than line 5Eabove. You must file page 1 of Form 2210, but you aren’t required to figure your penalty (unless box B, C, or D applies).For Paperwork Reduction Act Notice, see separate instructions.Cat. No. 11744PForm 2210 (2022)Page 2Form 2210 (2022)Part IIIPenalty Computation (See the instructions if you’re filing Form 1040-NR.)Payment Due DatesSection A—Figure Your Underpayment(a)(b)(c)4/15/226/15/22(d)1/15/239/15/2210 Required installments. If box C in Part II applies,enter the amounts from Schedule AI, line 27.Otherwise, enter 25% (0.25) of line 9, Form 2210, ineach column. For fiscal year filers, see instructions 1011 Estimated tax paid and tax withheld (see theinstructions). For column (a) only, also enter theamount from line 11 on line 15, column (a). If line 11is equal to or more than line 10 for all paymentperiods, stop here; you don’t owe a penalty. Don’tfile Form 2210 unless you checked a box in Part II 11Complete lines 12 through 18 of one column before going to line 12 of the next column.12 Enter the amount, if any, from line 18 in the previouscolumn . . . . . . . . . . . . . . . 1213 Add lines 11 and 12 . . . . . . . . . . . 1314 Add the amounts on lines 16 and 17 in the previouscolumn . . . . . . . . . . . . . . . 1415 Subtract line 14 from line 13. If zero or less, enter-0-. For column (a) only, enter the amount from line11 . . . . . . . . . . . . . . . . . 1516 If line 15 is zero, subtract line 13 from line 14.Otherwise, enter -0- . . . . . . . . . . . 1617 Underpayment. If line 10 is equal to or more than line15, subtract line 15 from line 10. Then go to line 12 ofthe next column. Otherwise, go to line 18 . . . . 1718 Overpayment. If line 15 is more than line 10,subtract line 10 from line 15. Then go to line 12 ofthe next column . . . . . . . . . . . . 18Section B—Figure the Penalty (Use the Worksheet for Form 2210, Part III, Section B—Figure the Penalty in the instructions.)19 Penalty. Enter the total penalty from line 14 of the Worksheet for Form 2210, Part III, Section B—Figurethe Penalty. Also include this amount on Form 1040, 1040-SR, or 1040-NR, line 38; or Form 1041, line27. Don’t file Form 2210 unless you checked a box in Part II. . . . . . . . . . . . .19Form 2210 (2022)Page 3Form 2210 (2022)Schedule AI—Annualized Income Installment Method (See the instructions.)Estates and trusts, don’t use the period ending dates shown to the right.Instead, use the following: 2/28/22, 4/30/22, 7/31/22, and 11/30/22.Part I(a)1/1/22–3/31/22(b)1/1/22–5/31/22(c)1/1/22–8/31/22(d)1/1/22–12/31/22Annualized Income Installments1 Enter your adjusted gross income for each period. Seeinstructions. (Estates and trusts, enter your taxableincome without your exemption for each period.) . .2 Annualization amounts. (Estates and trusts, see instructions.)3 Annualized income. Multiply line 1 by line 2 . . .12342.41.514 If you itemize, enter itemized deductions for the periodshown in each column. All others, enter -0-, and skipto line 7. Exception: Estates and trusts, skip to line 9 .5 Annualization amounts . . . . . . . . . .6 Multiply line 4 by line 5 . . . . . . . . . .45642.41.517 In each column, enter the sum of your standarddeduction and line 12b from Form 1040 or 1040-SR.(Form 1040-NR filers, enter -0-. Exception: Indianstudents and business apprentices, see instructions.)8 Enter the larger of line 6 or line 7 . . . . . . .7822.5%45%67.5%90%9 Deduction for qualified business income. Estates andtrusts: Subtract this amount from the amount on line 3, skipline 10, and enter the result on line 11 . . . . . . .10 Add lines 8 and 9 . . . . . . . . . . . .11 Subtract line 10 from line 3. . . . . . . .12 Form 1040, 1040-SR, or 1040-NR filers, enter -0- ineach column. (Estates and trusts, see instructions.)13 Subtract line 12 from line 11. If zero or less, enter -014 Figure your tax on the amount on line 13. See instructions15 Self-employment tax from line 36 (complete Part II below)16 Enter other taxes for each payment periodincluding, if applicable, Additional Medicare Taxand/or Net Investment Income Tax. See instructions17 Total tax. Add lines 14, 15, and 16 . . . . . .18 For each period, enter the same type of credits as allowedon Form 2210, Part I, lines 1 and 3. See instructions . .19 Subtract line 18 from line 17. If zero or less, enter -0- .20 Applicable percentage . . . . . . . . . .21 Multiply line 19 by line 20 . . . . . . . . .9101112131415161718192021Complete lines 22–27 of one column before going to line 22 of the next column.222324252627Enter the total of the amounts in all previous columns of line 27Subtract line 22 from line 21. If zero or less, enter -0Enter 25% (0.25) of line 9 on page 1 of Form 2210 in each columnSubtract line 27 of the previous column from line 26 of that columnAdd lines 24 and 25 . . . . . . . . . . .Enter the smaller of line 23 or line 26 here and onForm 2210, Part III, line 10 . . . . . . . . .Part II222324252627Annualized Self-Employment Tax (Form 1040, 1040-SR, or 1040-NR filers only)28 Net earnings from self-employment for the period (see instructions) 2829 Prorated social security tax limit . . . . . . . 2930 Enter actual wages for the period subject to social security taxor the 6.2% portion of the 7.65% railroad retirement (tier 1) tax.Exception: If you filed Form 4137 or Form 8919, see instructions31 Subtract line 30 from line 29. If zero or less, enter -0- .32 Annualization amounts . . . . . . . . . .33 Multiply line 32 by the smaller of line 28 or line 31 .34 Annualization amounts . . . . . . . . . .35 Multiply line 28 by line 34 . . . . . . . . .36 Add lines 33 and 35. Enter here and on line 15 above30313233343536$36,750$61,250$98,000$147,0000.4960.29760.1860.1240.1160.06960.04350.029Form 2210 (2022)

Extracted from PDF file 2022-federal-form-2210.pdf, last modified December 2022

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More about the Federal Form 2210Individual Income TaxEstimatedTY 2022

If you failed to pay or underpaid your previous year's estimated income tax, use Form 2210 to calculate, file, and pay any penalties or fees due with your late payment.

We last updated the Underpayment of Estimated Tax by Individuals, Estates, and Trusts in December 2022,so this is the latest version of Form 2210, fully updated for tax year 2022. You can download or print current or past-year PDFs of Form 2210 directly from TaxFormFinder.You can print other Federal tax forms here.

(Video) What is IRS Form 2210? - TaxFAQs

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Related Federal Individual Income Tax Forms:

TaxFormFinder has an additional 774 Federal income tax forms that you may need, plus all federal income tax forms.These related forms may also be needed with the Federal Form 2210.

Form CodeForm Name
Form 2210-FUnderpayment of Estimated Tax by Farmers and FishermenEstimated

Federal Form 2210 (Underpayment of Estimated Tax by Individuals, Estates, and Trusts) (4)View all 775 Federal Income Tax Forms

Form Sources:

The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later.We last updated Federal Form 2210 from the Internal Revenue Service in December 2022.

Show Sources >

Form 2210 is a Federal Individual Income Tax form. While most taxpayers have income taxes automatically withheld every pay period by their employer, taxpayers who earn money that is not subject to withholding (such as self employed income, investment returns, etc) are often required to make estimated tax payments on a quarterly basis. Failure to make correct estimated payments can result in interest or penalties.

About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

(Video) Calculating Estimated Income Tax Payments With Variable Income

Historical Past-Year Versions of Federal Form 2210

We have a total of twelve past-year versions of Form 2210 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2022 Form 2210

2022 Form 2210

2021 Form 2210

2021 Form 2210

2020 Form 2210

2020 Form 2210

2019 Form 2210

(Video) Topic 306 Penalty for Underpayment of Estimated Tax

2019 Form 2210

2018 Form 2210

2018 Form 2210

2017 Form 2210

2017 Form 2210

2016 Form 2210

2016 Form 2210

2015 Form 2210

2015 Form 2210


2014 Form 2210

2014 Form 2210

2013 Form 2210

2013 Form 2210

2012 Form 2210

2012 Form 2210

2011 Form 2210

2011 Form 2210

TaxFormFinder Disclaimer:

While we do our best to keep our list of Federal Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.

(Video) Estimated Payments Penalty Tutorial Video


What is form 2210 underpayment penalty? ›

Use Form 2210 to determine the amount of underpaid estimated tax and resulting penalties as well as for requesting a waiver of the penalties. You may need this form if: You're self-employed or have other income that isn't subject to withholding, such as investment income.

Do I have to file IRS form 2210? ›

Use Form 2210 to see if you owe a penalty for underpaying your estimated tax. The IRS will generally figure your penalty for you and you should not file Form 2210. You can, however, use Form 2210 to figure your penalty if you wish and include the penalty on your return.

Why would I get a form 2210? ›

Use Form 2210 to see if you owe a penalty for underpaying your estimated tax and, if you do, to figure the amount of the penalty.

What is underpayment of estimated tax by individuals? ›

The Underpayment of Estimated Tax by Individuals Penalty applies to individuals, estates and trusts if you don't pay enough estimated tax on your income or you pay it late. The penalty may apply even if we owe you a refund.

What triggers IRS underpayment penalty? ›

If you didn't pay enough tax throughout the year, either through withholding or by making estimated tax payments, you may have to pay a penalty for underpayment of estimated tax.

How do I get rid of underpayment penalty? ›

Review the Form 2210 instructions for the year you have an estimated tax penalty. If you qualify for a waiver, send Form 843 or a letter with a full explanation about why the IRS should remove your estimated tax penalty, and attach any supporting documentation. You must sign and send in a written request to the IRS.

How do you avoid penalty 2210? ›

Waiver of Penalty
  1. In 2021 or 2022, you retired after reaching age 62 or became disabled, and your underpayment was due to reasonable cause (and not willful neglect); or.
  2. The underpayment was due to a casualty, disaster, or other unusual circumstance, and it would be inequitable to impose the penalty.

What is the penalty for underpayment of quarterly taxes? ›

What does the tax underpayment penalty for quarterly taxes work? Once a due date has passed, the IRS will typically dock 0.5% of the entire amount you owe. For each partial or full month you don't pay the tax in full, the penalty increases. It's capped at 25%.

How do I make an underpayment payment to the IRS? ›

You may send estimated tax payments with Form 1040-ES by mail, or you can pay online, by phone or from your mobile device using the IRS2Go app. You can also make your estimated tax payments through your online account, where you can see your payment history and other tax records. Go to IRS.gov/account.

How do you explain underpayment penalty? ›

An underpayment penalty is a fine levied by the Internal Revenue Service (IRS) on taxpayers who don't pay enough of their estimated taxes, don't have enough withheld from their wages, or pay late.

Does the IRS forgive underpayment penalty? ›

COVID Penalty Relief

To help taxpayers affected by the COVID pandemic, we're issuing automatic refunds or credits for failure to file penalties for certain 2019 and 2020 returns.

What does it mean if you have an underpayment penalty? ›

The IRS charges a taxpayer an underpayment penalty when they do not pay enough toward their tax obligation throughout the year.

What is the underpayment penalty rate for 2022 for individuals? ›

WASHINGTON — The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning October 1, 2022. For individuals, the rate for overpayments and underpayments will be 6% per year, compounded daily, up from 5% for the quarter that began on July 1.

Why do I have to pay estimated taxes? ›

Estimated tax payments are taxes paid to the IRS throughout the year on earnings that are not subject to federal tax withholding. This can include self-employment or freelancer earnings, or income you've earned on the side such as dividends, realized capital gains, prizes and other non-wage earnings.

What is considered a substantial underpayment of tax? ›

Substantial Understatement of Income Tax Penalty

For individuals, a substantial understatement of tax applies if you understate your tax liability by 10% of the tax required to be shown on your tax return or $5,000, whichever is greater.

How can I avoid IRS penalties for underpayment of taxes? ›

You can avoid a penalty by filing accurate returns, paying your tax by the due date, and furnishing any information returns timely. If you can't do so, you can apply for an extension of time to file or a payment plan.

Does the IRS really have a fresh start program? ›

The IRS began Fresh Start in 2011 to help struggling taxpayers. Now, to help a greater number of taxpayers, the IRS has expanded the program by adopting more flexible Offer-in-Compromise terms.

How do I get my tax penalty waived? ›

Write a letter to the IRS requesting a penalty waiver. State the reason you weren't able to pay, and provide copies—never the originals—of the documents you're offering as evidence. You should mail the letter to the same IRS address that notifies you about your penalty charges.

Can I pay my estimated taxes all at once? ›

Many people wonder, “can I make estimated tax payments all at once?” or pay a quarter up front? Because people might think it's a nuisance to file taxes quarterly, this is a common question. The answer is no.

How do I know if I need to pay quarterly taxes? ›

If you expect to owe more than $1,000 in federal taxes for the tax year, you may need to make estimated quarterly tax payments using Form 1040-ES, or else face a penalty for underpayment.

How long can you claim underpayment? ›

You have six years from the date of the underpayment to make a claim. You will need to find out the wage to which you are legally entitled. This will either be set out in a Modern Award, in your contract of employment or in an enterprise bargaining agreement. These are explained below.

How do I write an underpayment letter? ›

Dear (enter employer/agency name), I am writing to you because I am concerned that I have not received my correct pay. I (am/was employed/engaged) by you from (enter date) to the (enter date) as a (enter job title) on a (enter job type - full time, part time or agency/casual) basis.

How do I pay my underpayment of tax? ›

For underpayments in excess of €6,000, a notice will issue setting out the amount owed. If you wish, you can pay the amount owing through the 'Payments/Repayments' card in myAccount. Should you wish to discuss repayment options that best suit your particular circumstances, you can contact us through MyEnquiries.

What is an example of an underpayment? ›

Example Sentences

She underpaid for her meal. He realized that he had underpaid the cashier. The company underpays its workers. They are underpaid for the work they do.

Does IRS charge interest on underpayment? ›

Interest will accrue on any unpaid tax, penalties and interest until the balance is paid in full. The interest rates we charge and pay on overpayments and underpayments are compounded daily.

Are IRS estimated tax payments mandatory? ›

Answer: Generally, you must make estimated tax payments for the current tax year if both of the following apply: You expect to owe at least $1,000 in tax for the current tax year after subtracting your withholding and refundable credits.

Is it better to withhold or pay estimated taxes? ›

If you have the ability to increase withholding in lieu of making tax estimates, this might be a better and safer way to pay in your tax liability, as withholding is viewed as being paid in evenly throughout the year—even if it is all withheld from the very last paycheck of the year.

What happens if you overpay estimated taxes? ›

You get an overpayment credit when your tax payments exceed what you owe. You'll automatically receive a refund of the credit. However, you can ask us to apply the credit as an advance payment towards next year's taxes instead of sending it to you as a refund.

What triggers the penalty for a substantial understatement? ›

For individuals, an understatement is substantial if it exceeds the greater of $5,000 or 10 percent of the tax required to be shown on the return . 27 For example, if the correct amount of tax is $10,000 and an individual taxpayer reported $6,000, then the penalty would not apply .

What are the consequences of underreporting income? ›

If the IRS determines that you underreported your income, there are two types of tax penalties that can apply. One is the negligence penalty. The other is the penalty for substantial understatement of your tax liability. “Substantial” understatement is defined as understating your tax liability by at least 10 percent.

What does it mean to Underwithheld taxes? ›

Underwithholding is a term that refers to a specific tax situation in which an individual did not withhold an adequate amount of taxes from their wages during the year to cover the amount of taxes they owe.

What does a tax underpayment penalty mean? ›

An underpayment penalty is a fine levied by the Internal Revenue Service (IRS) on taxpayers who don't pay enough tax during the year through withholding and/or their estimated taxes, or who pay late.

What is the underpayment penalty rate for 2022? ›

6% for underpayments. (taxes owed but not fully paid)

Why does TurboTax say I have an underpayment penalty? ›

You might pay an underpayment penalty if both of these apply: You don't make estimated tax payments during the year. The amount you've withheld from other income is less than **fdAmtTaxPct** of your tax bill.

What is the IRS penalty for not paying estimated taxes? ›

If you don't pay the amount shown as tax you owe on your return, we calculate the Failure to Pay Penalty in this way: The Failure to Pay Penalty is 0.5% of the unpaid taxes for each month or part of a month the tax remains unpaid. The penalty won't exceed 25% of your unpaid taxes.

What percentage is the IRS underpayment penalty? ›

The failure-to-pay penalty is one-half of one percent for each month, or part of a month, up to a maximum of 25%, of the amount of tax that remains unpaid from the due date of the return until the tax is paid in full.

What happens if I miss a quarterly estimated tax payment? ›

If you don't pay enough tax through withholding and estimated tax payments, you may be charged a penalty. You also may be charged a penalty if your estimated tax payments are late, even if you are due a refund when you file your tax return.

How do I fix form 2210 on TurboTax? ›

How do I correct and/or delete form 2210
  1. Sign in to TurboTax and open or continue your return.
  2. Search for underpayment of taxes.
  3. Select the Jump to link in the search results.
  4. The Underpayment Penalties screen will display the penalty amount. Select Continue to review this section and make any needed adjustments.
Jun 5, 2019

How do I get rid of underpayment penalty on TurboTax? ›

Avoiding Underpayment Penalties

If you pay at least 90% of your tax obligation or 100% of the tax owed in the prior year (whichever is smaller), then penalty can be avoided.


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