Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

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

cancel
Showing results for 
Search instead for 
Did you mean: 
itntcm19
New Member

Do I need to pay the quarterly estimated tax payments in July, Sept and January 2020 if I change w4 allowances after making the 1st payment?

 
1 Reply
mwaine
New Member

Do I need to pay the quarterly estimated tax payments in July, Sept and January 2020 if I change w4 allowances after making the 1st payment?

By the end of the year, actually Jan 15, 2020, you must have paid 90% (this year only 80% by special exception which may not repeat) of the tax that will be due.  But if you've paid 100% of your 2018 tax bill as estimated taxes, you're safe no matter how much you'll end up owing in 2020.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.48m
Members

2.61m
Discussions

Manage cookies
v