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Author: vkg Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120807  
Subject: Re: Estimated Payments Date: 11/26/2012 6:59 PM
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Federal safe harbors apply for all income levels. The safe harbors are different depending on income.

IRS Publication 17:
Estimated tax safe harbor for higher income taxpayers. If your 2011 adjusted gross income was more than $150,000 ($75,000 if you are married filing a separate return), you must deposit the smaller of 90% of your expected tax for 2012 or 110% of the tax shown on your 2011 return to avoid an estimated tax penalty.
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