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Author: edcosoft Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Re: Income Brackets for 1999 Date: 9/7/1999 4:03 PM
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I'm calculating my next estimated tax payment but I've stalled
because I have been unemployed for the past 4 months and I
think I may end up in a lower bracket at the end of this year
than last year.

Can you tell me the income thresholds for the various tax
brackets for the 1999 tax year?

Thanks

Everything you need is in the Estimated Tax packet the IRS sent you with your coupons. Rates, exemptions,Std Deduction, and other constants that might have changed.

Trying to figure your installments using this year's estimated taxes is fraught with pitfalls. A real 1999 installment tax calculator will do it accurately for you using the Annualized Income Method and taking into consideration all the safe harbor minimum amounts you can apply in each quarter. It gets ticky because you will want to NOT average your withholding (whereas you probably did average it for your first two installments. Therefor you have effectively overpaid the first quarters and you can use that to offset any installment normally due in later quarters. Maybe you figured all that out already. Good luck. Ed
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