ktll99
Returning Member

Estimated taxes when I moved this year

Hello -

 

For the past year and a half I lived in one state (NJ) and worked in another (MD). I had NJ taxes taken out of my paycheck, and I have been sending checks with quarterly estimated taxes to MD to avoid an underpayment penalty when tax season rolls around.

 

I recently moved to MD during Quarter 2 of 2022, so now MD state taxes are taken out of my paycheck instead. Does this mean I don't need to send the estimated taxes for Quarters 3 and 4? The way I see it, the combination of my quarterly estimates for Q1 and Q2 plus my paycheck taxes from Q3 and Q4 should more than cover me when I file my 2022 taxes.

 

Thank you!