The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/alright-ive-read-the-faq-read-through-irs-pub-15538273.aspx

Subject:  Re: Estimated Taxes Date:  8/10/2001  12:32 AM
Author:  Charlie48K Number:  53221 of 121482

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.


I would say it differently, but you're almost correct. The $1000 refers to the check you may have to write, not credits.

Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us