I changed my tax withholdings for this year to avo...
vjacqmin
New Member

I changed my tax withholdings for this year to avoid underpayment; do I need to be concerned that the IRS will be waiting for vouchers for estimated payments?

I retired in 2016 and apparently not enough taxes were being withheld in 2017 from my annuity. I had a large tax balance due and TurboTax printed out quarterly vouchers for me to use to send in my tax. I chose instead to change my monthly tax withholding. I am concerned that IRS may be waiting for my quarterly vouchers since I had to pay a penalty for underpaid taxes in 2017.

This widget could not be displayed.
Privacy Settings