topic Changing withholding on pension to avoid paying estimated taxes in Retirement tax questions

Changing withholding on pension to avoid paying estimated taxes

bhillboop — Fri, 02 Apr 2021 15:01:01 GMT

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?

Re: Changing withholding on pension to avoid paying estimated taxes

DoninGA — Fri, 02 Apr 2021 15:06:00 GMT

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.

Re: Changing withholding on pension to avoid paying estimated taxes

bhillboop — Fri, 02 Apr 2021 15:15:55 GMT

Thank you!