topic Estimated tax alternative in After you file

Estimated tax alternative

tomvzo — Mon, 09 Mar 2026 05:42:59 GMT

I am a retired federal employee with invested savings. This year I had a lot of capitol gains, resulting in a high tax bill and a penalty. TurboTax is suggesting that I pay estimated taxes to prevent this from happening next year. Can I submit a form or somehow increase the amount that is withheld from my pension check each month? I'd rather do that instead of deal with quarterly estimated tax payments. Can I do this through TurboTax?

Re: Estimated tax alternative

SteamTrain — Fri, 18 Feb 2022 19:08:32 GMT

TTX Cannot do that for you, but if you have an OPM account, you can apparently arrange it online, or on the phone (assuming it is being handled thru OPM):

See "How do I change my voluntary withholdings?"

Retirement FAQs (opm.gov)