Yes, you can divide your husbands income into 4 pay periods and include it in each quarter.
The second part of your question refers to two different calculations.
- The first is the process of annualization. By annualizing your income you may be able to reduce or eliminate penalties by showing that you earned a greater portion of your income at the end of the year. Your husbands income would be allocated equally, but yours would be weighted toward the end of the year.
- The second is the calculation of estimated taxes. This is where the AGI comes in. Both incomes are considered in the calculation. There is no quarterly calculation for estimated taxes. The taxes your husband has withheld from his paycheck should be included, and the vouchers will reflect the quarterly balance of taxes owed.
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