Do we need to pay estimated taxes for next year if our income was inflated this year due to taxes owed on a large inheritance?

posted

Connect with an expert

1 Best answer

Accepted Solutions

No. It was a one-time occurance. If your withholding covers your tax liability, you do not need to make estimated payments.

1 Reply

No. It was a one-time occurance. If your withholding covers your tax liability, you do not need to make estimated payments.

Still have questions?

Questions are answered within a few hours on average.

*Must create login to post

Unlock tailored help options in your account.