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projects:money [2019/03/27 21:54]
admin [Implementation]
projects:money [2019/04/14 19:25] (current)
admin
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 === How Much? === === How Much? ===
-You need to figure out how much to pay each quarter. While one could use the [[https://​www.irs.gov/​individuals/​irs-withholding-calculator|IRS Withholding Calculator]] or the above spreadsheet for figuring their 2018 taxes and pay 90% (Federal and Oregon) of it in quarterly installments,​ a shortcut is just to pay quarterly installments of 90% (Federal) or 100% (Oregon) of your 2017 tax liability. Since it involves less thinking, I'm fine with the latter. To summarize:+You need to figure out how much to pay each quarter. While one could use the [[https://​www.irs.gov/​individuals/​irs-withholding-calculator|IRS Withholding Calculator]] or the above spreadsheet for figuring their current year taxes and pay at least 90% (Federal and Oregon) of it in quarterly installments,​ a shortcut is just to pay quarterly installments of 90% or 100% (Federal, see below) or 100% (Oregon) of your **previous year** ​tax liability. Since it involves less thinking, I'm fine with the latter. To summarize:
 == Federal == == Federal ==
 **90%** (Form 2210 https://​www.irs.gov/​pub/​irs-pdf/​f2210.pdf) or **100%** (Pub 505 https://​www.irs.gov/​publications/​p505#​en_US_2018_publink1000194564) of previous year taxes, in 25% installments every "​quarter"​. **90%** (Form 2210 https://​www.irs.gov/​pub/​irs-pdf/​f2210.pdf) or **100%** (Pub 505 https://​www.irs.gov/​publications/​p505#​en_US_2018_publink1000194564) of previous year taxes, in 25% installments every "​quarter"​.
   * Or if your AGI is > $150K, make it 110%.   * Or if your AGI is > $150K, make it 110%.
 +  * Not sure why there are different percentages. So I just make it 100% and everyone'​s happy.
  
 == Oregon == == Oregon ==
projects/money.txt · Last modified: 2019/04/14 19:25 by admin