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My wife receives a W2 and I will now receive a 1099. What exactly should be considered for quarterly taxes?
I know if I pay 100% of prior year taxes I will be ok, but I’m trying to figure out exactly what is considered part of prior year taxes from the W2.
Let’s just say this is what our documents look like.
Joint 2018 Tax Return: Line 15 Total Tax - $5,000
Wife 2018 W2: Federal income tax withheld - $3,000
Wife 2018 W2: Social Security tax withheld - $3,000
Wife 2018 W2: Medicare tax withheld - $800
How much would I need to pay for quarterly taxes
to be considered having paid a 100% of prior year taxes for safe harbor?
Topics:
June 3, 2019
1:27 PM