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Message
Estimated taxes
Posted on 4/1/19 at 10:20 pm
Posted on 4/1/19 at 10:20 pm
Anyone else have to frick with this? I'm not even self employed but turbotax is recommending it.
What's the best way to go about this? Pay 100%(or 110% if you're in that bracket?) of what you ended up owing at the end of this year for next year?
I'm almost leaning towards just potentially paying the penalty (5% Max)....
Hate our tax system..
What's the best way to go about this? Pay 100%(or 110% if you're in that bracket?) of what you ended up owing at the end of this year for next year?
I'm almost leaning towards just potentially paying the penalty (5% Max)....
Hate our tax system..
3
Posted on 4/2/19 at 12:14 am to TexasTiger34
quote:
I'm not even self employed but turbotax is recommending it.
Get with HR and adjust your W-4 to have more taxes withheld.
Posted on 4/2/19 at 6:40 am to TexasTiger34
quote:
I'm not even self employed but turbotax is recommending it.
It just means you owed over $1000 after your withholdings
Posted on 4/2/19 at 7:00 pm to TexasTiger34
The IRS has a W-4 calculator
This is a pretty good tax calculator I've found.
This is a pretty good tax calculator I've found.
This post was edited on 4/2/19 at 7:05 pm
Posted on 4/2/19 at 7:43 pm to Weagle25
quote:
It just means you owed over $1000 after your withholdings
correct
just skip over it, pay your taxes, and do something about your withholding
if it was a one time event that escalated your tax burden, then don’t do anything or figure out a way to defer or deduct some of that taxable income
Posted on 4/3/19 at 10:58 am to cgrand
thanks for the advice yall. it aligns with what i've heard from HR and other sources.
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