Screen NMEst2 - New Mexico Estimates New Rate (1040)

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Use this screen to complete portions of PIT-ES with the new high income tax rate for 2021. Information will auto populate for both current and new clients.

2021 Estimates

Use this section to calculate estimates based on new high income tax rate, if it applies.
Calculate estimates using new 2021 rates
Mark this field and 2021 estimates will calculate at the new tax rate if it applies. This field only applies for estimate codes 1, 2, 3, 6, 7, and 8 entered in
Estimates - declaration 2021
on the NMEst screen. Only the estimates for 3rd and 4th quarter will print. Mark the
Print Vouchers
on the 1st and 2nd estimate to print. New clients will automatically have this field marked.
Mark box if first two estimates and overpayment applied have not been previously calculated
Mark this field to clear the values in the previous calculated estimates and overpayment applied section. New clients will automatically have this field marked.
Previous calculated estimates and overpayment applied
This section will populate with previously calculated estimates. 1st and 2nd quarter estimates will not print unless
Print Voucher
is marked. If 1 or both of the previously calculated 3rd or 4th quarter estimates have been paid, marking
Amounts paid or to be paid
will reduce the new 3rd and 4th quarter estimates by the amount shown in previously calculated estimates.

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