Changing withholding on pension to avoid paying estimated taxes
I increased the withholding on my pension so I don't have to pay estimated taxes quarterly. Is this okay? When I printed my taxes to return it still prints estimated tax payment vouchers. Do I just avoid sending that portion in with my taxes?
02295
2 Replies
DoninGA
Level 15
Apr 2, 2021 8:06:00 AM
The estimated tax payment Form 1040-ES are for your use only. You do not have to use them and they are not reported to the IRS unless you print and mail them to the IRS with a payment.