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RMD disbursements

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?

1 Reply
JBedford
Employee Tax Expert

RMD disbursements

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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