1040Nes Form – Fill Out and Use This PDF

2021

Nebraska

Individual Estimated

Income Tax Payment

Vouchers

Included in this Booklet:

Form 1040N-ES

Electronic payment options are available. E-PAY See instructions inside.

If your Nebraska individual income tax, after allowance of Nebraska personal exemption credits, is expected to exceed withholding and other credits by $500 or more, then estimated income tax payments may be required.

Various indexed values for the Nebraska personal exemption credit, Nebraska standard deduction, and other elements of the Nebraska tax calculation are included in this year's changes. You should calculate your estimated tax for 2021 in light of these changes.

Taxpayers must ensure that adequate and timely estimated payments are made to avoid underpayment of estimated income tax penalties.

For more information or to use any of our electronic services, go to revenue.nebraska.gov.

Sign up for a FREE subscription service at the Nebraska Department of Revenue’s website to get email updates on your topics of interest.

800-742-7474 (NE or IA) or 402-471-5729

8-014-2020

Instructions

Who Must Make Estimated Income Tax Payments. Every resident and nonresident must make estimated income tax payments if their Nebraska income tax, after Nebraska personal exemption credits, is expected to exceed their income tax withholding and other credits by $500 or more. If you are an employee with income tax being withheld from your

earnings, you may ask your employer to withhold an additional amount for state income taxes, rather than make these four estimated income tax payments.

When to Pay Your Estimated Income Tax. The first payment must be made on or before April 15, 2021, and on later dates as set out below. The estimated tax may be paid in full with the first payment, or in equal installments on or before April 15, 2021, June 15, 2021, September 15, 2021, and January 15, 2022. If the due date falls on a Saturday, Sunday, or legal holiday, taxpayers have until the next business day to make the payment.

•Farmers and Ranchers. If at least two-thirds of your gross income for 2020 or 2021 is derived from farming, ranching, or fishing, you may pay all of your estimated income tax on or before January 15, 2022 and still avoid a penalty for underpayment of estimated income tax. If you file your 2021 Nebraska Individual Income Tax Return, Form 1040N, on or before March 1, 2022, and pay the total income tax due at that time, you do not need to make any estimated income tax payments for 2021.

•Fiscal Year Taxpayers. Fiscal year taxpayers must pay their estimated income tax by the 15th day of the fourth, sixth, and ninth months of the fiscal year, and the first month of the following fiscal year. If the due date falls on a Saturday, Sunday, or legal holiday, taxpayers have until the next business day to make the payment.

How to Calculate Your Estimated Income Tax Payment. Complete the Estimated Income Tax Worksheet (Worksheet) to compute your 2021 estimated income tax. If line 18 is less than $500, estimated income tax payments are not required, but may still be made. Subtract the amount of any carryover from the 2020 Form 1040N before making

your payment.

Make appropriate entries in your Record of Estimated Tax Payments.

Changes in Estimated Income Tax. If your income increases during the year, you may be required to begin making estimated income tax payments, or increase the amount of your estimated income tax payments at the next due date. If

you need to increase the amount of an estimated income tax payment and you have previously scheduled an electronic payment, be sure to cancel and reschedule your payment.

You may use the Amended Computation Schedule on page 5 to calculate your amended estimated income tax if your income substantially increases. When making payment by paper check, show the amended estimated income tax on line 1 of the next payment voucher filed. If making payments electronically, do not file a voucher to show the change.

How to Pay Your Estimated Income Tax.

The Nebraska Department of Revenue (DOR) encourages you to pay electronically using DOR’s e-pay program or by credit card. When paying electronically, vouchers are not required.

If you are not making electronic payments of estimated income tax, you can download the payment vouchers from

our website.

Electronic Payment Options

Electronic Funds Withdrawal (EFW). With this payment option, you provide your payment information within your electronically-filed return. Your payment will automatically be withdrawn from your bank account on the date

you specify.

Nebraska e-pay. Nebraska e-pay is DOR’s web-based electronic payment system. You enter your payment and bank account information, and choose a date (up to a year in advance) to have your account debited. You will receive an email confirmation for each payment scheduled.

Credit Card. Secure credit card payments can be initiated through Official Payments at officialpayments.com; via phone at 800-272-9829 or by downloading the OPAY app from your smart phone’s app store. Eligible credit cards include American Express, Discover, MasterCard, and VISA. A convenience fee (2.35% of the tax payment, $1 minimum) is charged to the card you use. This fee is paid to the credit card vendor, not the state, and will appear on your credit card statement separately, from the tax payment. At the end of your transaction, you will be given a confirmation number. Keep this number for your records. [If you are making your credit card payment by phone, you will need to provide the Nebraska Jurisdiction Code, which is 3700.]

Check or Money Order Using the Estimated Income Tax Payment Voucher. If you are not using one of the electronic payment options described above, include a check or money order payable to the “Nebraska Department of Revenue.” Checks written to DOR may be presented for payment electronically.

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You must enter your Social Security number (SSN) and your spouse’s SSN, if applicable, on the payment vouchers where indicated. List the names and SSNs in the same order on the voucher as you list them on your married, filing

jointly return.

Overpayment Credit From 2020. If you had an overpayment on your 2020 Form 1040N, and elected to apply it to your 2021 estimated income tax, the amount of that overpayment may be applied in full, or in part, to any installment.

Taxpayers claiming an overpayment from line 43 of last year’s individual income tax return, Form 1040N, should be aware that an overpayment will be applied first to offset any existing balance due from another tax year. If DOR transfers all or part of an amount requested to be carried over to next year’s estimated income tax payments (current year carryover), a written notice of the offset will be issued. Please contact DOR if you are unsure of your current year

carryover amount.

Joint Payments. Payments of estimated income tax may be made on a married, filing jointly basis for Nebraska income tax purposes. Married, filing jointly payments may not be made if the spouses are separated under a decree of either divorce or separate maintenance, or if they have different taxable years. If married, filing jointly payments are made, but a married, filing jointly return is not filed for the taxable year, the estimated income tax paid for the year may be divided

between spouses.

Penalty For Not Paying Enough Estimated Income Tax. A penalty is imposed for underpayment of estimated income tax installments. The penalty is not due if you qualify for any of the exceptions listed on the Individual Underpayment of Estimated Tax, Form 2210N.

Each individual who has underpaid estimated income tax must file a Form 2210N with the Form 1040N. The estimated tax is underpaid if the payments (including income tax withholding) are not equal to at least:

1.90% (66 ⅔% for those engaged in farming, ranching, and fishing) of the income tax liability for the year, after reduction by credits other than income tax withholding or estimated income tax payments; or

2.100% of the income tax shown on the Nebraska return for the full 12-month preceding tax year, if federal AGI was $150,000 or less; or

3.110% (the applicable federal percentage) of the preceding year’s income tax reported on a Nebraska return, if 2020 federal AGI was above $150,000. Complete the Nebraska Individual Estimated Income Tax Worksheet on page 4. You may also owe a penalty if estimated income tax payments are not filed in a timely manner.

Exceptions to the Penalty. You do not have to pay the penalty if:

1.You had no income tax liability for 2020, you were a U.S. citizen or resident for the entire year, and your 2020 Nebraska income tax return was (or would have been had you been required to file) for a full 12 months;

2.You are a first-time filer for Nebraska income tax purposes; or

3.The total income tax shown on your 2021 Nebraska income tax return minus the amount of income tax you paid through income tax withholding is less than $500.

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				Nebraska Individual Estimated			FORM 1040N-ES
				Income Tax Worksheet			2021
								Worksheet
1		Estimated federal adjusted gross income (AGI)				1
2		Estimated federal itemized deductions (line 17, Federal Form 1040, Schedule A) ...			2
3		State and local income taxes (line 5a, Schedule A)			3
4		Nebraska itemized deductions (line 2 minus line 3)			4

5Nebraska standard deduction: Single $7,100;

Married, Filing Jointly $14,200; Head of Household $10,450; Married, Filing Separately $7,100; or

	65 or older and/or blind (see page 5)	5
6	Enter the greater of line 4 or line 5	6
7	Estimated Nebraska income before adjustments (line 1 minus line 6)	7

8Estimated Nebraska adjustments increasing federal AGI (including non-Nebraska state and municipal

	bond interest)	8
9	Estimated Nebraska adjustments decreasing federal AGI (including federal bond interest)	9
10	Estimated Nebraska taxable income (line 7 plus line 8, minus line 9)	10

11Estimated Nebraska income tax. Using the 2021 Nebraska Estimated Income Tax Rate Schedule on

page 6, calculate Nebraska tax on the line 10 amount

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12Estimated Nebraska other taxes (total of taxes from Federal Form 4972 and tax on early distributions;

multiplied by .296)	12
13 Total Nebraska estimated income tax (total of lines 11 and 12)	13

14Estimated Nebraska credits including: For full year residents –

Credit for tax paid to another state and credit for qualified emergency responders. For residents and partial-year residents –

Refundable and nonrefundable credits for child and dependent care expense; earned income credit; credit for the elderly or the disabled; TANF credit; and School Readiness credit.

For all taxpayers –

Nebraska personal exemption credit; Community Development Assistance Act credit; Beginning Farmer credit; Form 3800N credit; Nebraska Property Tax Incentive Act Credit; extremely blighted area tax credit;

	and Financial Institution Tax credit		14
15 Nebraska 2021 estimated income tax (line 13 minus line 14). If zero or less, enter -0-			15
16 a	Multiply line 15 by 90% (66 ⅔% if engaged in farming or fishing)	16a
b Enter the tax shown on your 2020 tax return (110% of that amount if you are
	not engaged in farming or fishing and the AGI shown on that return is more
	than $150,000 ($75,000 if your filing status for 2021 is married, filing separately)	16b
c	Required annual payment to avoid a penalty. Enter the smaller of line 16a or 16b		16c
	Caution: If you do not prepay (through income tax withholding and estimated income tax payments) at
	least the amount on line 16c, you may owe a penalty for not paying enough estimated income tax. To
	avoid a penalty, make sure your estimate on line 15 is as accurate as possible. Even if you pay the required
	annual payment, you may still owe tax when you file your return. You must also make timely estimated
	payments to avoid underpayment penalties. If you prefer, you can pay the amount shown on line 15.

17Income tax withheld and estimated income tax to be withheld during 2021 (including income tax withholding

on pensions, annuities, certain deferred income, etc.)

17

18Subtract line 17 from line 16c. (Note: If the result is zero or less, or line 15 minus line 17 is less than $500,

stop here. You are not required to make estimated income tax payments.)

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19Computation of installments

If the first installment you are required to make is due on:

•April 15, 2021, enter ¼ of the amount on line 18 here and on line 1 of Payment Vouchers 1, 2, 3, and 4;

•June 15, 2021, enter ½ of the amount on line 18 here and on line 1 of Payment Voucher 2 (Also, enter ¼ of the amount on line 18 and on Vouchers 3 and 4)

•September 15, 2021, enter ¾ of the amount on line 18 here and on line 1 of Payment Voucher 3 (Also, enter ¼ of the amount on line 18 and on line 1 of Payment Voucher 4)

• January 15, 2022, enter the amount on line 18 here and on line 1 of Payment Voucher 4.

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Retain a copy for your records. Do not file the amended computation schedule on the reverse side.

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Additional Standard Deduction for Elderly and/or Blind

Your Nebraska standard deduction is increased by this amount if, at the end of 2021, you will be:
• An unmarried individual (single or head of household), and
65 or older, or blind	$1,650
65 or older and blind	3,300
• A married individual (filing jointly or separately) or a qualifying widow(er), and
65 or older, or blind	$1,350
65 or older and blind	2,700
Both spouses are 65 or older	2,700
• And one spouse is also blind	4,050
Both spouses are blind	2,700
• And one spouse is also 65 or older	4,050
Both spouses are 65 or older, and both are blind	5,400

If married, filing separately, these amounts apply only if you can claim a Nebraska personal exemption for your spouse.

Amended Computation Schedule

•Use this schedule if your estimated income tax changes during the year.

Record of Estimated Income Tax Payments

							(D)
Payment	Installment		(A)	(B)		(C)	Total Amount Paid
Number	Date		Date Filed	Amount Paid	2020 Overpayment		and Credited
							(Column B plus Column C)
1	April 15, 2021
2	June 15, 2021
3	September 15, 2021
4	January 15, 2022
		Claim this amount on your 2021 Nebraska				TOTAL
		Individual Income Tax Return, Form 1040N.

Note: If you are not required to make an estimated income tax payment on the first installment date, you may still have to make a payment at a later date. See instruction titled “Changes in Estimated Tax.”

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2021 Nebraska Estimated Income Tax Rate Schedule

Use this rate schedule only for computing 2021 estimated income tax.

Do not use it to compute an amount for any tax returns.

Enter the tax calculated from this schedule on line 11 of the

Nebraska Individual Estimated Income Tax Worksheet on page 4 of this booklet.

Include $142 for each Nebraska personal exemption allowed on line 14 of the

Nebraska Individual Estimated Income Tax Worksheet on page 4 of this booklet.

				Single Taxpayer								Head of Household
If line 10,					The Nebraska estimated tax is:			If line 10,					The Nebraska estimated tax is:
Form 1040N-ES Worksheet is:								Form 1040N-ES Worksheet is:
over —		but not over						over —		but not over
$	0	$	3,340		2.46%	of the income		$	0	$	6,220			2.46%	of the income
	3,340		19,990	$	82.16 + 3.51%	of the excess over $	3,340		6,220		31,990	$	153.01 + 3.51%		of the excess over $	6,220
	19,990		32,210		666.58 + 5.01%	of the excess over $19,990			31,990		47,760		1,057.54	+ 5.01%	of the excess over $	31,990
	32,210		——		1,278.80 + 6.84%	of the excess over $32,210			47,760		——		1,847.62	+ 6.84%	of the excess over $	47,760
		Married, Filing Jointly and Surviving Spouses									Married, Filing Separately
If line 10,					The Nebraska estimated tax is:			If line 10,					The Nebraska estimated tax is:
Form 1040N-ES Worksheet is:								Form 1040N-ES Worksheet is:
over —		but not over						over —		but not over
$	0	$	6,660		2.46%	of the income		$	0	$	3,340			2.46%	of the income
	6,660		39,990	$	163.84 + 3.51%	of the excess over $	6,660		3,340		19,990	$	82.16 + 3.51%		of the excess over $	3,340
	39,990		64,430		1,333.72 + 5.01%	of the excess over $	39,990		19,990		32,210		666.58	+ 5.01%	of the excess over $	19,990
	64,430		——		2,558.16 + 6.84%	of the excess over $	64,430		32,210		——		1,278.80	+ 6.84%	of the excess over $	32,210

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1Amount of this payment (net of the calculated payment and any 2020 overpayment applied to 2021’s estimated income

tax installments)		1
Name that will be Shown First on your Income Tax Return	Last Name
If a Joint Return, Spouse’s First Name and Initial	Last Name
			This installment is due on or before
			1 April 15, 2021.
Current Mailing Address (Number and Street or PO Box)
			Important: Social Security numbers must be entered below.
City	State	Zip Code	First Social Security Number on your Income Tax Return
• File only if you are making a payment of estimated income tax by check or money order.			Spouse’s Social Security Number
• Fiscal year taxpayers — see instructions.

Consider paying electronically. Otherwise, mail this voucher and your check or money order to:

1Amount of this payment (net of the calculated payment and any 2020 overpayment applied to 2021’s estimated income

tax installments)		1
Name that will be Shown First on your Income Tax Return	Last Name
If a Joint Return, Spouse’s First Name and Initial	Last Name
				This installment is due on or before
				2 June 15, 2021.
Current Mailing Address (Number and Street or PO Box)
				Important: Social Security numbers must be entered below.
City	State	Zip Code		First Social Security Number on your Income Tax Return
• File only if you are making a payment of estimated income tax by check or money order.				Spouse’s Social Security Number

•Fiscal year taxpayers — see instructions.

•If your estimated tax needs to be amended, use the Amended Computation Schedule.

Consider paying electronically. Otherwise, mail this voucher and your check or money order to:

1Amount of this payment (net of the calculated payment and any 2020 overpayment applied to 2021’s estimated income

tax installments)		1
Name that will be Shown First on your Income Tax Return	Last Name
If a Joint Return, Spouse’s First Name and Initial	Last Name
				This installment is due on or before
				3 September 15, 2021.
Current Mailing Address (Number and Street or PO Box)
				Important: Social Security numbers must be entered below.
City	State	Zip Code		First Social Security Number on your Income Tax Return
• File only if you are making a payment of estimated income tax by check or money order.				Spouse’s Social Security Number

•Fiscal year taxpayers — see instructions.

•If your estimated tax needs to be amended, use the Amended Computation Schedule.

Consider paying electronically. Otherwise, mail this voucher and your check or money order to:
Nebraska Department of Revenue, PO Box 98911, Lincoln, NE 68509-8911.	8-014-2020
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1Amount of this payment (net of the calculated payment and any 2020 overpayment applied to 2021’s estimated income

tax installments)		1
Name that will be Shown First on your Income Tax Return	Last Name
If a Joint Return, Spouse’s First Name and Initial	Last Name
				This installment is due on or before
				4 January 15, 2022.
Current Mailing Address (Number and Street or PO Box)
				Important: Social Security numbers must be entered below.
City	State	Zip Code		First Social Security Number on your Income Tax Return
• File only if you are making a payment of estimated income tax by check or money order.				Spouse’s Social Security Number

•Fiscal year taxpayers — see instructions.

•If your estimated tax needs to be amended, use the Amended Computation Schedule.

Consider paying electronically. Otherwise, mail this voucher and your check or money order to:
Nebraska Department of Revenue, PO Box 98911, Lincoln, NE 68509-8911.	8-014-2020

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