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.
01525
1 Replies
Opus 17
Level 15
Jun 4, 2019 5:57:55 PM
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.)