Get Il Il-1040-es 2021

Filling out the IL IL-1040-ES form is essential for individuals who need to make estimated income tax payments in Illinois. This guide provides clear, step-by-step instructions to assist users in completing the form efficiently and accurately online.

Follow the steps to fill out the IL IL-1040-ES form online.

1. Click 'Get Form' button to obtain the IL IL-1040-ES form and open it in your browser.
2. Review the eligibility requirements to determine if you need to make estimated income tax payments. You must do so if you expect your 2021 tax liability to exceed $1,000 after accounting for withholdings and credits.
3. Complete the Estimated Tax Worksheet included in the form. Start by entering your anticipated Illinois base income for the year in Line 1.
4. Continue filling out the worksheet by inputting your expected exemption amount on Line 2, then find your net income on Line 3 by subtracting Line 2 from Line 1.
5. Calculate your estimated tax liability by multiplying the net income (Line 3) by the applicable tax rate on Line 4. Add any additional amounts applicable to your situation on Line 5.
6. Sum the amounts on Line 4 and Line 5, entering the result on Line 6. Then, deduct total withholdings and credits on Lines 7 and 8 to find your estimated tax on Line 10.
7. If your estimated tax on Line 10 is over $1,000, divide this amount by four on Line 11 for your estimated payment. Each payment should be rounded to whole dollars.
8. Enter your personal information, including your Social Security number and contact details, ensuring all entries are complete and accurate.
9. Detach the payment voucher if paying by check or money order, enclose it with your payment, and forward it to the specified address.
10. Review all information for accuracy before saving changes, downloading, or printing the completed form.

Start filling out your IL IL-1040-ES form online today to ensure timely and accurate tax payments.