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Quarterly payments
I had to pay $1400 in taxes this year and Turbo Tax generated quarterly statements for me to pay. I assume I had to pay this year because of the amount earned in 2016 which put us over the limit for taxation of Social Security. I have since been laid off of my job and will not be earning the $28,000, however, I am eligible for 26 weeks of Unemployment Benefits (I do have taxes withheld at 10%. Do I still have to make the quarterly payments? Is it mandatory to make all 4 or can I only make 1 or 2?
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‎June 6, 2019
3:33 AM