Turbo Tax recommends I pay estimated taxes in 2018 BUT I revised my W4 to 0 to withhold more taxes. Do I still need to pay estimated taxes then in 2018?
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Turbo Tax recommends I pay estimated taxes in 2018 BUT I revised my W4 to 0 to withhold more taxes. Do I still need to pay estimated taxes then in 2018?
I filed my 2017 Tax Return last night...it was then that they gave my Estimated Tax Vouchers for 2018. I researched more about it and realized I needed to withhold more so I adjusted my W4 with my employer this morning. Do I still need to pay Estimated Tax in 2018 being that I adjusted my W4 to withhold more tax? Thanks.
Turbo Tax recommends I pay estimated taxes in 2018 BUT I revised my W4 to 0 to withhold more taxes. Do I still need to pay estimated taxes then in 2018?
It's up to you, but probably not. As long as you are covered by sufficient withholding, you don't need to use the vouchers. (Turbotax is also a little stupid about who it prints vouchers for.)