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Get your taxes done using TurboTax
Yes, you should be paying some of this to the IRS. Wisconsin only has a tax rate of 7.65% at the highest. You can request a refund on this overpayment when you file your state return.
To pay your federal taxes, you can do this online as well. Go to EFTPS Online. Unfortunately, you may be underpaid for the year. Per the IRS, "if you receive income unevenly during the year, you may be able to vary the amounts of the payments to avoid or lower the penalty by using the annualized installment method. Use Form 2210, Underpayment of Estimated Tax by Individuals, Estates, and Trusts to see if you owe a penalty for underpaying your estimated tax."
‎January 20, 2025
12:01 PM