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If your income exceeds the $75,000 limit, does Arizona require you to make an estimated tax payment or can you use the standard company deductions as done in prior years?
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If your income exceeds the $75,000 limit, does Arizona require you to make an estimated tax payment or can you use the standard company deductions as done in prior years?
Your employer withholding can be used in place of estimated tax payments. If you have enough taxes withheld from paychecks (or retirement funds), you are fine and don't need to file estimated tax payments in Arizona.
If you have self-employment income or taxable gains, you would want to make sure enough is withheld from your other pay sources to cover those taxes, or send in an estimates to Arizona.
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If your income exceeds the $75,000 limit, does Arizona require you to make an estimated tax payment or can you use the standard company deductions as done in prior years?
Does having enough taxes withheld from your paycheck still apply in this situation?
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