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Get your taxes done using TurboTax
@TaxS wrote:
@Opus 17 wrote:
If you did make estimated federal and state income tax payments during the year, you would not also need to withhold federal and state income tax from your December paycheck.
Thank you.
My 2021 ES1040 payments are 20k Q1 + 35k Q2 + 25k Q3 = 80kMy tax liability will be just 60k. My Dec 31 salary is $230k. But I can withhold $0 from it. Right?
Correct. You don't need to withhold federal tax, and you don't need to make a Q4 payment. (You might still need to make a state payment or have state withholding, don't forget about your state.)
‎January 4, 2022
8:10 AM