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Get your taxes done using TurboTax
to clarify withholding includes Estimated Tax payments, and if you meet those percentages there is no penalty no matter how much you income goes up for whatever reason.
Note: the year is not over so unless you get out of the market completely, you may lose that profit back, worse you may lose it back in 2023 but still you will have the tax bill for 2022.
That's the biggest reason to pay the Estimated Tax now not later.
So be careful.
March 15, 2022
11:07 AM
1,053 Views