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I chose not to have the estimated tax forms printed, but because of that I do not know what I should be paying quarterly. Do I simply divide the amount I paid this year by four?

 
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PaulaM
Employee Tax Expert

I chose not to have the estimated tax forms printed, but because of that I do not know what I should be paying quarterly. Do I simply divide the amount I paid this year by four?

Yes, you can take the total taxes paid for 2016 (line 63) and divide by 4.

You will pay or expect to pay (through withholding or other) 100% of 2016's taxes paid (110% if AGI is more than $150,000) or 90% of the 2017 taxes due.

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1 Reply
PaulaM
Employee Tax Expert

I chose not to have the estimated tax forms printed, but because of that I do not know what I should be paying quarterly. Do I simply divide the amount I paid this year by four?

Yes, you can take the total taxes paid for 2016 (line 63) and divide by 4.

You will pay or expect to pay (through withholding or other) 100% of 2016's taxes paid (110% if AGI is more than $150,000) or 90% of the 2017 taxes due.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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