Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
rajeevd5142
New Member

Hello - Subject - Question about estimated payments for 2019 My tax return printout shows I should pay estimated taxes for 2019 in 4 equal installments. Should I pay?

Am I liable to pay estimated taxes?
2 Replies
MichaelL1
Level 15

Hello - Subject - Question about estimated payments for 2019 My tax return printout shows I should pay estimated taxes for 2019 in 4 equal installments. Should I pay?

If you will owe more than $1,000 in additional taxes you should 1) make the estimates or 2) increase the taxes withheld though another source of income (W-2, 1099"s etc.).

rajeevd5142
New Member

Hello - Subject - Question about estimated payments for 2019 My tax return printout shows I should pay estimated taxes for 2019 in 4 equal installments. Should I pay?

Thanks for your prompt response! I actually lowered the number of allowances I am claiming on W4 from 5 to 3. Do I still need to make estimated payments in 2019?
Dynamic AdsDynamic Ads
Privacy Settings
v