You may have the right idea.
Take a look at your 2023 tax return.
- For Desktop Look in FORMs.
- If you are Online you can see it at:
- On the menu bar on the left that shows.
- Select Tax Tools
- On the drop-down select Tools
- On the popup menu
- Select View Tax Summary
- On the left sidebar
- Select Preview my 1040.
- Schedules 1,2&3 are included if you scroll down past your 1040.
- To return to the entry screens press Back on the sidebar.
Line 24 is Total Tax.
Safe Harbor is 110% of 2023 tax due.
Subtract what you expect to have withheld.
- From your statement it sounds like only what you paid in withholdings from Social Security (Medicare).
- It didn't sound like you were going to have anything held on your retirement.
Divide this number by 4.
Please contact us again if you have any questions and provide some additional details.
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