Iowa Schedule AI Annualized Income Installment Method 45-011

Schedule AI Annualized Income Installment Method 45-011
IA 2210 Schedule AI, 45-011
2022 IA 2210 Schedule AI

Iowa Annualized Income Installment Method
tax.iowa.gov
Name(s): _____________________________________________________ Social Security Number: _____________________________
1/1/22-3/31/22
1. Enter your net income (lA 1040, line 26) for each period ......

1.

2. Annualization amounts .........................................................

2.

3. Annualized income. Multiply line 1 by line 2 .........................
4. Enter your federal tax payments for each period, net of any
refund. Use a negative number if the net amount is a refund........

3.

5. Annualization amounts .........................................................

5.

6. Multiply line 4 by line 5..........................................................

6.

7. Enter your Iowa itemized deductions for each period ...........

7.

8. Annualization amounts .........................................................

8.

9. Multiply line 7 by line 8..........................................................

9.

4

1/1/22-5/31/22

1/1/22-8/31/22

1/1/22-12/31/22

2.4

1.5

1

4.
4

2.4

1.5

1

4

2.4

1.5

1

22.5%

45%

67.5%

90%

10. Standard deduction. Enter full-year amount in each period .. 10.
11. Enter the larger of line 9 or line 10 ........................................ 11.
12. Subtract lines 6 and 11 from line 3 ....................................... 12.
13. Compute your tax on the amount on line 12.
See instructions .................................................................... 13.
14. Enter any Iowa lump-sum tax and Iowa Alternative
Minimum Tax for each period. See instructions .................... 14.
15. Total tax. Add lines 13 and 14 .............................................. 15.
16. Enter your exemption credits for the year (dollar amount) .... 16.
17. For each period, enter your credits from IA 1040, lines 44,
45, 48, 50, and 52. See instructions ..................................... 17.
18. For each period enter your credits from IA 1040, lines 59,
60, 61, and 62. See instructions ........................................... 18.
19. Balance. Subtract lines 16, 17, and 18 from line 15.............. 19.
20. Applicable percentage .......................................................... 20.
21. Multiply line 19 by line 20 ....................................................... 21.
22. Add the amounts in all preceding columns of line 28.
Note: Complete lines 22-28 of one column before going
to the next column ................................................................ 22.
23. Subtract line 22 from line 21. If zero or less, enter 0............. 23.
1

24. Enter 4 of line 6 of form IA 2210 in each column................... 24.
25. Enter amount from line 27 of the preceding column .............. 25.
26. Add lines 24 and 25 and enter the total ................................ 26.
27. Subtract line 23 from line 26. If zero or less, enter 0............. 27.
28. Enter the smaller of line 23 or line 26 here and on IA 2210,
line 8 ..................................................................................... 28.

45-011a (06/10/2022)

2022 IA 2210 Schedule AI Instructions
You have the option of using the regular or
annualized income installment method to
compute your estimated tax penalty. You may
be able to reduce or eliminate the amount of
one or more of your required installments by
using the annualized income installment
method if your income varied during the year.
For example, you operated a business on a
seasonal basis. You must use IA 2210 and IA
2210 Schedule AI to compute the required
installment amount to enter on IA 2210, line 8.
If you use IA 2210 Schedule AI for any
payment due date, you must use it for all
payment due dates. To compute the amount
of each required installment, IA 2210
Schedule AI automatically selects the smaller
of the annualized income installment or the
regular installment (increased by the amount
saved by using the annualized income
installment method in computing earlier
installments).
To use the annualized income installment
method, you must do all of the following:
• Complete both form IA 2210 and form IA
2210 Schedule AI. Enter the amount from
each column of line 28 of IA 2210 Schedule
AI in each column of IA 2210, line 8.
• Check the box on the IA 1040, line 71
indicating that you used the annualized
income installment method.
• Include form IA 2210 and IA 2210 Schedule
AI with your return.
Line 1: Compute your net income for the
months shown in each column heading.
Include the sum of all gross income/loss for
the period minus any adjustments to income
for the period.
Line 4: Enter your federal tax payments for the
months shown in each column heading net of
any refund received in the period. A net refund
should be entered as a negative number.
Line 7: Enter your Iowa itemized deductions
for the months shown in each column heading.
If you do not itemize, enter zero and skip to
line 10.

Line 10: Enter the full amount of the standard
deduction for your filing status in each
column, even if you itemized deductions.
Line 13: Compute the tax using the 2022 IA
1040 tax tables.
Line 14: Enter the Iowa lump-sum tax and
Iowa Alternative Minimum Tax you owed
because of events that occurred during the
months shown in each column heading.
Compute your Iowa minimum taxable income
based on your income and deductions during
the months shown in each column heading.
Multiply this amount by the annualized
amounts shown on line 2 before subtracting
the alternative minimum tax exemption
amounts. See form IA 6251, Iowa Alternative
Minimum Tax Computation.
Line 16: Enter in each column your exemption
credit amounts from form IA 1040, line 43.
Line 17: Enter the credits from your IA 1040,
lines 44, 45, 48, 50, and 52, that you are
entitled to because of events that occurred
during the months shown in the column
headings. Do not annualize any credit.
However, when computing your credits, you
must annualize any item of income or
deduction used to compute the credit.
Nonresidents, part-year residents, and those
claiming an Out-of-state Tax Credit, see IA 1040
expanded instructions at (tax.iowa.gov).
Line 18: Enter the credits from your IA 1040,
lines 59, 60, 61, and 62 that you are entitled
to because of events that occurred during the
months shown in the column headings. Do not
annualize any credit. However, when
computing your credits, you must annualize
any item of income or deduction used to
compute the credit.
Include a worksheet or tax form showing the
calculations for each credit claimed on line 18.
Line 28: Enter these amounts on form IA
2210, line 8.

45-011b (06/09/2022)