snooks13
New Member

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?