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Author: ResNullius 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 120799  
Subject: Re: Estimated Payments Date: 11/27/2012 9:35 AM
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So, for 2012, if your 2011 AGI was under $150K, your 2012 safe harbor is 2011 tax paid in four equal, timely 2012 ES payments.

One final question: If you use the amount of taxes paid during the prior year to pay 4 equal installments for estimated taxes, do you subtract the amount withheld from your spouses W-2 for the prior year in determining the amount subject to estimated taxes. If you do this using the amount from your spouse's W-2, are you then safe from any penalty in the current tax year? Thanks.
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