Get Al Form 40es 2020

Filling out the AL Form 40ES online can be a straightforward process. This guide will provide you with step-by-step instructions to ensure you complete the form accurately and efficiently.

Follow the steps to fill out the AL Form 40ES online.

1. Click ‘Get Form’ button to access the form and open it in the editor.
2. Begin by entering your name in the designated field. Ensure you provide both your first name and last name as required.
3. Input your Social Security Number (SSN) in the space provided. If you are filing jointly, be sure to include your partner’s SSN after yours.
4. For line 1, enter the amount of adjusted gross income you expect for the taxable year. This is crucial for calculating your estimated tax.
5. On line 2, if applicable, input the total of itemized deductions expected. If not itemizing, enter the amount indicated from the standard deduction table.
6. Enter the federal income tax liability for the taxable year on line 3.
7. Calculate the total of lines 2 and 3 and place this amount on line 4.
8. Subtract line 4 from line 1 and write the balance on line 5. This will give you a preliminary figure for your taxable income.
9. For line 6, calculate any personal exemption or dependent exemptions applicable, as instructed in the guidelines.
10. Compute tax on the estimated taxable income per the specified rates on lines 8a, 8b, and 8c. Sum these amounts for line 9.
11. On line 10, indicate the estimated amount of Alabama income tax you expect to be withheld from your wages.
12. Finally, subtract line 10 from line 9, entering the result on line 11 as your estimated tax. If this amount is less than $500, no estimated tax is required.
13. Once all relevant fields are completed, make sure to save your changes. You may also download, print, or share the form as necessary.

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