The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Estimated Taxes||Date: 8/9/2001 9:07 PM|
|Author: MrDPsQuest||Number: 53216 of 124471|
Alright, I've read the FAQ, read through IRS Pub 505, and I'm still confused about one point.
The safe harbor for estimated taxes can be one of the following items:
1) Federal Tax Due - W-2 Withholding - credits must be less than or equal to $1000
2) Federal Tax Due - W-2 Witholding - credits - Total Estimated Tax paid anytime during 2001 must be greater than or equal to 90% of Total Federal Tax Liability
3) W-2 Withholding + credits must be greater than or equal to 2000 Federal Tax Liability
Am I mistaken on any of these? I am married with AGI less than $100k.
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|