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Bob Said:
(at least 105% of last year's liability if this year's AGI is at least $150,000)

Make that "at least 105% of last year's liability if last year's AGI was at least $150,000".

I previously thought it was Bob's way. I always wondered how you would know for sure in advance if you needed to withhold extra. I've since read the rules carefully.

Also note that the 105% value is not fixed. It is changing gradually over the next seven years or so. It's also hard to find in IRS documents. It's not mentioned at all in the 1040 instructions, though the "100% of last year" is! Grrr!
TurboTax made it pretty easy to find the number, and the schedule of future changes to that number.

- LoopinFool (who is only paying attention to all this due to a large 401(k)->IRA->Roth conversion this year)
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