Instructions for VT Form IN-114 Individual Income Estimated Tax Payment Voucher - Vermont

Form IN-114 Vermont Individual Income Estimated Tax Payment Voucher - Vermont

This document contains official instructions for VT Form IN-114 , Individual Income Estimated Tax Payment Voucher - a form released and collected by the Vermont Department of Taxes. An up-to-date fillable Form IN-114 is available for download through this link.

FAQ

Q: What is Form IN-114?
A: Form IN-114 is the Individual Income Estimated Tax Payment Voucher specific to Vermont.

Q: What is this form used for?
A: Form IN-114 is used to make estimated income tax payments for individuals in Vermont.

Q: Who needs to use this form?
A: This form is for individuals who need to make estimated income tax payments to the state of Vermont.

Q: What is an estimated tax payment?
A: An estimated tax payment is a payment made in advance towards your annual income tax liability.

Q: When are estimated tax payments due?
A: Estimated tax payments are due on April 15th, June 15th, September 15th, and January 15th of the following year.

Q: How do I fill out this form?
A: You will need to provide your personal information, estimated income tax liability, and make the payment to complete the form.

Q: Are there any penalties for not making estimated tax payments?
A: Yes, if you do not make estimated tax payments or underpay your estimated tax, you may be subject to penalties and interest.

Q: Can I make estimated tax payments in installments?
A: Yes, you can choose to make estimated tax payments in installments throughout the year rather than in one lump sum.