turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I receive multiple small pension checks from different sources. The total amount deducted for income taxes is not enough to pay my tax bill at the end of the year. Can I self pay the difference quarte

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

I receive multiple small pension checks from different sources. The total amount deducted for income taxes is not enough to pay my tax bill at the end of the year. Can I self pay the difference quarte

If the amount you owe, at the end of the year, is less than $1000, you can just wait to pay at tax filing time. There is no "underpayment" penalty when you owe less than $1000.

View solution in original post

2 Replies

I receive multiple small pension checks from different sources. The total amount deducted for income taxes is not enough to pay my tax bill at the end of the year. Can I self pay the difference quarte

You can either increase the withholding  OR  pay with the return  OR  pay in quarterly estimated payments.  

I receive multiple small pension checks from different sources. The total amount deducted for income taxes is not enough to pay my tax bill at the end of the year. Can I self pay the difference quarte

If the amount you owe, at the end of the year, is less than $1000, you can just wait to pay at tax filing time. There is no "underpayment" penalty when you owe less than $1000.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question