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Level 1
June 1, 2019
Solved

I took a partial withdrawal from my TSP (2019) for some home repairs. 20% was withheld for fed tax. Should I send the state an estimated payment for this withdrawal?

  • June 1, 2019
  • 1 reply
  • 21 views
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Best answer by MichaelL1

To be safe I would send then one Estimated Tax payment at your state tax rate, which might be approx. 5%.

Make sure the payment is designated that it is for 2019 taxes.

1 reply

MichaelL1
MichaelL1Answer
Level 15
June 1, 2019

To be safe I would send then one Estimated Tax payment at your state tax rate, which might be approx. 5%.

Make sure the payment is designated that it is for 2019 taxes.