Quote:
Originally Posted by jennem .
We will have higher salary income at the same withholding rate, so our withholding for 2014 should definitely exceed our withholding for 2013.
So that means no penalty if I don't make estimated tax payments this year under "safe harbor," correct? |
then correct; i said IF, " If your AGI for 2014 ‘d be more than $150K , substitute 110% for 100% in (2) for 2013 above.
"To avoid the penalty, you will need to pay in "at least 90% of the tax for the current year,2014, or 100% of the tax shown on the return for the prior year, 2013,whichever is smaller