Individual Underpayment of Estimated Tax 2022-2026

1. Click ‘Get Form’ to open the Individual Underpayment of Estimated Tax 2022 in the editor.
2. Begin by entering your name and address as it appears on Form 1040N, along with your Social Security Number.
3. Complete line 1 by entering your total Nebraska income tax after nonrefundable credits from line 28 of Form 1040N.
4. On line 2, input the total refundable credits from lines 31 through 38 of Form 1040N.
5. Subtract line 2 from line 1 and enter the result on line 3. This is your adjusted tax amount.
6. Multiply the amount on line 3 by 90% (0.90) and record this value on line 4.
7. Enter any Nebraska income tax withheld for the year on line 5, excluding estimated payments.
8. If the result from subtracting line 5 from line 3 is less than $500, you do not need to complete this form.

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