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Question

RMD disbursements

Forum|Forum|3 years ago
June 28, 2023
1 reply
13 views

Since we already pay quarterly income tax payments throughout the year, is it to our advantage to change from our current 0% withholding to the new government's 10% withholding?

Ask the Experts - Energy - June 2023

Level 6

Hi, @davemargomc ! The IRS is not picky about the source of your tax payments! 🙂 So if your quarterly payments are sufficient to satisfy most of your tax burden (at least, enough to avoid underpayment penalties), then there is no need to add additional withholding, unless you want to. It's totally up to you how you go about paying. Hope this helps!

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