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Retirement tax questions
Both my brothers send in just one total estimated payment, (usually a couple weeks before the 15 April deadline to avoid last minute complications).
Then they don't have to remember to send in the next ones.....and don't care if the Govt is getting free use of the funds for the entire year.....but a lot might depend on how big that payment is.
You could do the same thing...or, just make sure you get your Pension withholding started, and if it looks like it will cover everything for 2024, you could totally ignore the estimated tax forms (The IRS doesn't get told they were created). Don't forget state withholding too if your state taxes pension income.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎February 19, 2024
5:06 PM