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Financial Planning / Tax Strategies


Subject:  Re: oops...estimated taxes? Date:  9/18/2019  2:04 PM
Author:  1poorguy Number:  129582 of 131215

We owed taxes last year. There was a small penalty, but not much so I didn't worry about it. Looking at how much tax we owed last year versus what has been withheld so far this year we're on track to miss the 110% figure by a bit over 20%.

Employment has been steady. We have about 7 pay periods left this year. I could adjust the withhold to cover that which would result in about a 1/3 reduction in take-home. Or I could send a check to the IRS from the proceeds of the stock sales. I do like the safe harbor idea, but given these details is that still the best way to go?

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