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Investors & landlords
not enough information. for some taxpayers, a small amount of capital gains could be taxed at 0% for federal purposes.
2 safe harbors so no matter what your 2021 tax is there are no penalties for owing a substantial amount on 4/15/2022
1) Withholding and timely estimated tax payments = 90% or more of your current year tax or
2) Withholding and timely estimated tax payment = 100% or more of your prior year's tax. The 100% increases to 110% if your prior year adjusted gross income is more than $150,000
‎July 28, 2021
4:09 PM