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estimated taxes when quarters are not all 3 months

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  • estimated taxes when quarters are not all 3 months

    2nd quarter estimated taxes are due June 15th and cover Apr-May.
    4th quarter estimated taxes are due Jan 15th next year and cover Sep-Dec.

    If one quarter is 2 months and the other 4 months wouldn't the amount you pay directly to the IRS be significantly different because of the difference in withholding?

    Or am I overthinking this and the IRS is satisfied if the direct payment for each quarter are equal amounts and the direct payments + withholding = 110% for safe harbor at the end of the year?

  • #2
    Yes, they can all be 27.5% of last year’s tax liability.
    “Work” is a four letter word for good reason.

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    • #3
      If your income is pretty irregular you could always fill out Form 2210 Schedule AI but it seems like a real PITA. Just like the late night infomercials, ‘4 easy payments’ is the way to go.

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      • #4
        Thanks figured I was overthinking this.

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