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Estimated tax question

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  • Estimated tax question

    Paying 2017 estimated taxes was easy since I just had to multiply by 110% and split over four equal payments. I expect to earn significantly less in 2018.  What is the best way to pay 90% of taxes owed for 2018 to meet the safe harbor if I have no idea how much less I will make? Do I simply pay an estimate based on what I earned in that quarter? My payments would go up each quarter since I am entering higher tax brackets and I tend to earn more toward the end of the year. Is this ok or do they all need to be equal payments?

  • #2
    they don't need to be equal.  I calculate it each quarter and pay.

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