We are retired and basically have no withholding.
Tax withholding from 401K withdrawal is 20% which covers most of the liability.
However this withholding will not occur until December. I realize that I could increase the percentage but even
if it covers the full tax amount the IRS is still expecting the quarterly payments?
I expect the owed amount to be the same $6000 this year or $1500 per quarter.
I would like to use the Turbotax vouchers but they are for $2300.
Thank you for the response.
