Update to 2012 Form 1040-ES (NR), U.S. Estimated Tax for Nonresident Alien -- 12-JUN-2012
The payroll tax cut was extended for all of 2012. If you downloaded 2012 Form 1040-ES (NR) before June 12, 2012, please note the following two changes:
1. On page 1, the section formerly called Payroll tax has been moved to page 2, is renamed Social security and Medicare tax for 2012, and should now read:
“The employee tax rate for social security is 4.2%. The social security wage base limit is $110,100. The Medicare tax rate is 1.45%. There is no wage base limit for Medicare tax.
The tax rate for net earnings from self-employment is 10.4%, up to the social security wage base limit of $110,100.”
2. On page 5, the 2012 Self-Employment Tax and Deduction Worksheet for Lines 1 and 11 of the Estimated Tax Worksheet has been revised so that lines 6, 9, 11, 12, and 13 are the same as these lines on the 2011 Self-Employment Tax and Deduction Worksheet for Lines 1 and 11 of the Estimated Tax Worksheet.
A revised version of the2012 Form 1040-ES (NR) is now available for download.
