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Quarterly taxes
After a long career as a salaried employee, I picked up a consulting assignment this past January. I am paying quarterly taxes using the safe harbor based on last year's W-2 and 401(K) and Social Security income. The estimated taxes, $1500 a quarter, will total much less than the 2023 taxes that will be due next April. Am I still OK paying the safe harbor amount?
Also, I am not paying any estimated quarterly taxes to the State of Maryland. Should I be?
‎August 30, 2023
2:31 PM