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Thank you for your reply! 

 

I have an additional question regarding estimated quarterly payments. In case my spouse's employer is withholding more taxes from their income, would that mean that I do not have to make estimated quarterly payments as we will file jointly and their withholding would offset any amounts I owe at the end of the year? Is it an option to increase my spouse's withholding instead of making estimated quarterly payments for federal, state and self-employment taxes?