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Retirement tax questions
@VolvoGirl , the bulk of the income appears to have been received in Q1, so it's likely that annualizing would make the penalty greater rather than less. Only if the bulk of tax withholding also occurred in Q1 and treating it as paid when actually paid would it potentially reduce a Q1 penalty. It's worth checking, but unlikely to be better than not annualizing.
ā€ˇFebruary 11, 2025
11:32 AM