You'll need to sign in or create an account to connect with an expert.
It depends. Since you have an idea on home much income you will earn in that period, you can calculate out the full amount of what you need for the year, and pay only the first two installments. This will cover you from having to worry about a penalty. It may even be a slight overpayment, but then you will receive a refund for the excess. Then you can make the two estimated payments to the new state if you continue your work there (and if they have a state tax).
It depends. Since you have an idea on home much income you will earn in that period, you can calculate out the full amount of what you need for the year, and pay only the first two installments. This will cover you from having to worry about a penalty. It may even be a slight overpayment, but then you will receive a refund for the excess. Then you can make the two estimated payments to the new state if you continue your work there (and if they have a state tax).
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
ChristopherL
Returning Member
rooksmith
New Member
dpfans
Level 1
johnz2
Returning Member
MargaretM
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.