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Get your taxes done using TurboTax
Hi Dawn! Thanks for the link, that was super helpful -- but using the TT link you recommended, it just says I only need to pay 110% of last year's taxes (since I made over $150K) even though next year I will then owe about 5x's what I owed last year! .... I'm confused because that's different than what you are recommending (that I should pay more to avoid penalties). Do you think TT is incorrect, or that I messed this up?
Obviously, I would love to keep the extra money I know I will owe (and put it into a 12 month CD earning interest). And... it appears TT supports this idea as being acceptable. But from your recommendation, I'm worrying maybe I typed the information in properly, or TT is wrong.
Thankyou for writing back!
March 22, 2024
3:12 PM