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Higher income taxpayers. If your adjusted gross income (AGI) for
2022 was more than $150,000 ($75,000 if your 2022 filing status was
married filing separately), substitute 110% for 100% in (2) above.
Penalty figured separately for each required payment. The penalty
is figured separately for each installment due date. Therefore, you may
owe the penalty for an earlier due date even if you paid enough tax later
to make up the underpayment. This is true even if you’re due a refund
when you file your tax return. However, you may be able to reduce or
eliminate the penalty by using the annualized income installment
method. For details, see
Schedule AI Annualized Income Installment
Method, later.
Return. In these instructions, “return” refers to your original return.
However, a second, subsequent, or amended return filed by the due date
(including extensions) of the original return is a “superseding” return and
is considered as if it were the original return. The first return filed is
ignored to the extent it was changed by the superseding return. Also, a
joint return that replaces previously filed separate returns is considered
the original return.
Exceptions to the Penalty
You won't have to pay the penalty or file this form if either of the following
applies.
•
You had no tax liability for 2022, you were a U.S. citizen or resident
alien for the entire year (or an estate of a domestic decedent or a
domestic trust), and your 2022 tax return was (or would have been
had you been required to file) for a full 12 months.
•
The total tax shown on your 2023 return minus the amount of tax
you paid through withholding is less than $1,000. To determine
whether the total tax is less than $1,000, complete Part I, lines 1
through 7.
Estates and trusts. No penalty applies to either of the following.
•
A decedent's estate for any tax year ending before the date that is 2
years after the decedent's death.
•
A trust that was treated as owned by the decedent if the trust will
receive the residue of the decedent's estate under the will (or if no
will is admitted to probate, the trust primarily responsible for paying
debts, taxes, and expenses of administration) for any tax year
ending before the date that is 2 years after the decedent's death.
Farmers and fishermen. If you meet both tests 1 and 2 below, you
don't owe a penalty for underpaying estimated tax.
1. Your gross income from farming or fishing is at least two-thirds of
your annual gross income from all sources for 2022 or 2023.
2. You filed Form 1040, 1040-SR, or 1041 and paid the entire tax due
by March 1, 2024.
See chapter 2 of Pub. 505, Tax Withholding and Estimated Tax, for
the definition of gross income from farming and fishing.
If you meet test 1 but not test 2, use Form 2210-F, Underpayment of
Estimated Tax by Farmers and Fishermen, to see if you owe a penalty.
When using Form 2210-F, refer to the Instructions for Form 2210-F, which
discuss special rules that may apply. If you don't meet test 1, use Form
2210.
Waiver of Penalty
If you have an underpayment, all or part of the penalty for that
underpayment will be waived if the IRS determines that:
•
In 2022 or 2023, you retired after reaching age 62 or became
disabled, and your underpayment was due to reasonable cause
(and not willful neglect); or
•
The underpayment was due to a casualty, disaster, or other unusual
circumstance, and it would be inequitable to impose the penalty. For
federally declared disaster areas, see
Federally declared disaster,
later.
To request any of the above waivers, do the following.
1. Check box A or box B in Part II, as applicable.
a. If you checked box A, complete only page 1 of Form 2210 and
attach it to your tax return (you aren't required to figure the
amount of penalty to be waived).
b. If you checked box B, complete Form 2210 through line 18
without regard to the waiver. Enter the amount you want waived
in parentheses on the dotted line next to line 19. Subtract this
amount from the total penalty you figured without regard to the
waiver, and enter the result on line 19 .
2. Attach Form 2210 and a statement to your return explaining the
reasons you were unable to meet the estimated tax requirements
and the time period for which you are requesting a waiver.
3. If you’re requesting a waiver due to retirement or disability, attach
documentation that shows your retirement date (and your age on
that date) or the date you became disabled.
4. If you’re requesting a waiver due to a casualty, disaster (other than
a federally declared disaster, as discussed next), or other unusual
circumstance, attach documentation such as copies of police and
insurance company reports.
The IRS will review the information you provide and decide whether
to grant your request for a waiver.
Federally declared disaster. Certain estimated tax payment deadlines
for taxpayers who reside or have a business in a federally declared
disaster area are postponed for a period during and after the disaster.
During the processing of your tax return, the IRS automatically identifies
taxpayers located in a covered disaster area (by county or parish) and
applies the appropriate penalty relief.
Don't file Form 2210 if your
underpayment was due to a federally declared disaster. If you still owe a
penalty after the automatic waiver is applied, the IRS will send you a bill.
An individual or a fiduciary for an estate or trust not in a covered
disaster area but whose books, records, or tax professionals' offices are
in a covered area is also entitled to relief. Also eligible are relief workers
affiliated with a recognized government or charitable organization
assisting in the relief activities in a covered disaster area. If you meet
either of these eligibility requirements, you must call the IRS disaster
hotline at 866-562-5227 and identify yourself as eligible for this relief. For
information about claiming relief, see
IRS.gov/DisasterTaxRelief. For
more information on disaster assistance and emergency relief for
individuals and businesses, see IRS.gov/DisasterRelief. See Pub. 976,
Disaster Relief, for more details. For guidance on figuring estimated
taxes for trusts and certain estates, see Notice 87-32, 1987-1 C.B. 477.
Specific Instructions
Part I—Required Annual Payment
Complete lines 1 through 9 to figure your required annual payment.
If you file an amended return by the due date of your original return,
use the amounts shown on your amended return to figure your
underpayment. If you file an amended return after the due date, use the
amounts shown on the original return.
Exception. If you and your spouse file a joint return after the due date to
replace previously filed separate returns, use the amounts shown on the
joint return to figure your underpayment.
Line 1
Enter the amount from Form 1040, 1040-SR, or 1040-NR, line 22. For an
estate or trust, enter the amount from Form 1041, Schedule G, line 3.
Form 1040, 1040-SR, or 1041 filers: You may exclude the
amount of your net tax liability under section 965 when
calculating the amount of your required annual payment.
Line 2
Enter the total of the following amounts.
2
Instructions for Form 2210 (2023)