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Business & farm
Easy peasy! I'll definitely just calculate a payment and make one by or before the Sept deadline. I also might discuss the topic of increasing my withholding with my boss, but I know as of now I'm opting for A LOT of taxes to be taken out (something I opted for at the start of my job, wanted the biggest refund I could get lol).
My research says that to calculate my quarterly amounts, I take my last year's total tax due for my business and divide that by 4 (for 4 payments). Can you speak to that? Is this the correct way to calculate the amount I should submit (I'd pay 3/4 of my quarterly payments all at once in Sept). Thanks!
edit: if you have any advice about submitting quarterly taxes for the state of california as well, I'd love to hear it. I've read that some states require it, some don't, and my research seems to indicate that California requires me to pay "something" for quarterly taxes as well for this business.