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Get your taxes done using TurboTax
Possibly, but I do have some questions.
- What has your previous tax history looked like?
- Did you owe taxes are have you been getting refunds?
- Do you have any other changes to your income?
- How do you have taxes taken out of your other accounts?
- You said a $5,000 windfall. Do you expect this to be for only one year?
- Indecently, there isn't a 15% tax bracket. There are 10% 12% then 22%.
- However, if your Social Security is taxable it may come close to 15% in the 10% bracket.
If you currently have enough taxes withheld to get a refund, you should be fine doing the (15%) X $5,000 for a quarterly tax payment.
The first estimated payment is due NO LATER THAN April 15th, 2024
Please see: When are quarterly estimated tax payments due?
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‎February 11, 2024
12:50 PM