- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Thanks for the reply.
To clarify, in Q1 2023, my company did withhold an amount greater than the estimated tax on the vouchers, but it is still less than the exact tax amount if extrapolating to one year.
For example, if I earn $100,000/year, the estimated tax on the vouchers is based on $50,000 annual income, and my company's withholding amount is based on $80,000 annual income.
In this case, will there be penalties if I don't pay estimated taxes?
‎April 3, 2023
10:47 PM