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Get your taxes done using TurboTax
i, as a LLC contractor, made 415K and paid estimated taxes of 130K - which was 30% of what I thought i would get paid
my husband made 400K and his company only withheld 75K on his salary payments.
I think my husband's insufficient withholding was the cause of the underpayment
a) is it worth messing with the extremely confusing 2022 AI form to try and get back the $200 penalty?
b) is there anything other than increasing the amount my husband's company withholds to avoid this in the future?
c) i cannot may the same payment every quarter because i never know how much i will make (ie this year i am on track to make about 100K, so I cannot afford to make an even spread based on last year's income.)
thx
‎April 17, 2023
12:40 PM