Yes, The easiest way is to project a higher income for 2024, and don't increase your current withholding.
- If you know the tax bracket that you're in.
- take $4,000 (amount you want to increase your estimate), and
- Divide by your tax bracket as a decimal.
- 22% is 0.22
- $4,000 / 0.22 = an income increase of $18,181.
- This will increase the estimated tax by $4,000 or $1,000 per quarter.
Please contact us again with any additional questions or to provide some additional details.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
