Can I skip paying estimated tax for 2019: I owed 18k in federal tax this year (2018) due to an early retirement account withdrawal. I will not have this event in 2019?
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karadaley
New Member

Can I skip paying estimated tax for 2019: I owed 18k in federal tax this year (2018) due to an early retirement account withdrawal. I will not have this event in 2019?

 
1 Reply
Hal_Al
Level 15

Can I skip paying estimated tax for 2019: I owed 18k in federal tax this year (2018) due to an early retirement account withdrawal. I will not have this event in 2019?

Yes. Estimated taxes are essentially optional. You just risk an underpayment penalty, if you're wrong

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