Can I make estimated tax payments instead of withholding from my paycheck?Pay estimated tax using W-4...
Create a Price Tag Icon with Rounded Corners
How to tell if a BJT is PNP or NPN by looking at the circuit?
SET NOCOUNT Error in handling SQL call after upgrade
What to look for when criticizing poetry?
What is the purpose of easy combat scenarios that don't need resource expenditure?
How do you funnel food off a cutting board?
Words and Words with "ver-" Prefix
If I delete my router's history can my ISP still provide it to my parents?
When can a QA tester start his job?
Slow While Loop, Query Improvment Assistance
Making him into a bully (how to show mild violence)
Why wasn't TEventArgs made contravariant in the standard event pattern in the .NET ecosystem?
What is the data structure of $@ in shell?
Increment each digit in a number to form a new number
Why is it that Bernie Sanders is always called a "socialist"?
Has any human ever had the choice to leave Earth permanently?
How can I get my players to come to the game session after agreeing to a date?
What would the chemical name be for C13H8Cl3NO
Does every functor from Set to Set preserve products?
How can my powered armor quickly replace its ceramic plates?
Cookies - Should the toggles be on?
What are "industrial chops"?
Mathematics and the art of linearizing the circle
Why did Luke use his left hand to shoot?
Can I make estimated tax payments instead of withholding from my paycheck?
Pay estimated tax using W-4 withholding instead of quarterly paymentsCan I pay estimated taxes based on last year's taxes if I anticipate more income this year?Where on 1040 do I indicate withholding adjustments in a community property state (form 8958)?Estimated tax payments in VAPay estimated tax using W-4 withholding instead of quarterly paymentsCan increasing my tax withholding from my full-time job cover FICA taxes for my freelance work?Can a regular salaried (w2) employee opt to pay quarterly taxes?Is there a penalty to withholding more taxes at the end of the year?Why is tax withholding based on the current paycheck only and not cumulative?S-Corp - How to Split Up Quarterly Estimated Tax PaymentsHow to avoid paying estimated taxes due to unpredictable investment income?
My employment provides me with a W-2 at the end of the year, and I currently have taxes withheld from my paychecks. In the opposite of this question, Pay estimated tax using W-4 withholding instead of quarterly payments, I'd like to know if I can elect to have zero withholdings from my paycheck and instead make estimated payments with a 1040-ES.
In this case, I have a generally good idea of my exact tax liability, so I can easily make quarterly payments without trying to predict fluctuating income. I'd just like to make sure it's legal to make quarterly estimated payments if you have income that would ordinarily pay taxes through withholdings.
united-states taxes income-tax withholding estimated-taxes
edited 2 hours ago
Ben Miller
79.1k19218282
asked 2 hours ago
Hari GantiHari Ganti
23519
add a comment |
My employment provides me with a W-2 at the end of the year, and I currently have taxes withheld from my paychecks. In the opposite of this question, Pay estimated tax using W-4 withholding instead of quarterly payments, I'd like to know if I can elect to have zero withholdings from my paycheck and instead make estimated payments with a 1040-ES.
In this case, I have a generally good idea of my exact tax liability, so I can easily make quarterly payments without trying to predict fluctuating income. I'd just like to make sure it's legal to make quarterly estimated payments if you have income that would ordinarily pay taxes through withholdings.
united-states taxes income-tax withholding estimated-taxes
edited 2 hours ago
Ben Miller
79.1k19218282
asked 2 hours ago
Hari GantiHari Ganti
23519
add a comment |
My employment provides me with a W-2 at the end of the year, and I currently have taxes withheld from my paychecks. In the opposite of this question, Pay estimated tax using W-4 withholding instead of quarterly payments, I'd like to know if I can elect to have zero withholdings from my paycheck and instead make estimated payments with a 1040-ES.
In this case, I have a generally good idea of my exact tax liability, so I can easily make quarterly payments without trying to predict fluctuating income. I'd just like to make sure it's legal to make quarterly estimated payments if you have income that would ordinarily pay taxes through withholdings.
united-states taxes income-tax withholding estimated-taxes
edited 2 hours ago
Ben Miller
79.1k19218282
asked 2 hours ago
Hari GantiHari Ganti
23519
My employment provides me with a W-2 at the end of the year, and I currently have taxes withheld from my paychecks. In the opposite of this question, Pay estimated tax using W-4 withholding instead of quarterly payments, I'd like to know if I can elect to have zero withholdings from my paycheck and instead make estimated payments with a 1040-ES.
In this case, I have a generally good idea of my exact tax liability, so I can easily make quarterly payments without trying to predict fluctuating income. I'd just like to make sure it's legal to make quarterly estimated payments if you have income that would ordinarily pay taxes through withholdings.
united-states taxes income-tax withholding estimated-taxes
united-states taxes income-tax withholding estimated-taxes
edited 2 hours ago
Ben Miller
79.1k19218282
asked 2 hours ago
Hari GantiHari Ganti
23519
edited 2 hours ago
Ben Miller
79.1k19218282
asked 2 hours ago
Hari GantiHari Ganti
23519
edited 2 hours ago
Ben Miller
79.1k19218282
edited 2 hours ago
Ben Miller
79.1k19218282
edited 2 hours ago
Ben Miller
79.1k19218282
79.1k19218282
asked 2 hours ago
Hari GantiHari Ganti
23519
asked 2 hours ago
Hari GantiHari Ganti
23519
asked 2 hours ago
Hari GantiHari Ganti
23519
23519
add a comment |
add a comment |
1 Answer
1
active
oldest
votes
You can't do that.
You can't directly control the amount that is withheld from your paycheck. You can only indirectly change it, by using form W-4. When filling out form W-4, you aren't supposed to write an excessive number of allowances. The allowances have to be justified by your tax situation.
Specifically, IRS pub 505 states "You can claim only the number of allowances to which you are entitled." and "You may have to pay a penalty of $500 if [...] You have no reasonable basis for those statements or allowances at the time you prepare your Form W-4."
answered 1 hour ago
stanniusstannius
2,7931925
I should have just looked at the W-4, because, interestingly enough, I can't just enter a withholding amount (like I can with my DE-4)
– Hari Ganti
26 mins ago
add a comment |
Your Answer
StackExchange.ready(function() {
var channelOptions = {
tags: "".split(" "),
id: "93"
};
initTagRenderer("".split(" "), "".split(" "), channelOptions);
StackExchange.using("externalEditor", function() {
// Have to fire editor after snippets, if snippets enabled
if (StackExchange.settings.snippets.snippetsEnabled) {
StackExchange.using("snippets", function() {
createEditor();
});
}
else {
createEditor();
}
});
function createEditor() {
StackExchange.prepareEditor({
heartbeatType: 'answer',
autoActivateHeartbeat: false,
convertImagesToLinks: true,
noModals: true,
showLowRepImageUploadWarning: true,
reputationToPostImages: 10,
bindNavPrevention: true,
postfix: "",
imageUploader: {
brandingHtml: "Powered by u003ca class="icon-imgur-white" href="https://imgur.com/"u003eu003c/au003e",
contentPolicyHtml: "User contributions licensed under u003ca href="https://creativecommons.org/licenses/by-sa/3.0/"u003ecc by-sa 3.0 with attribution requiredu003c/au003e u003ca href="https://stackoverflow.com/legal/content-policy"u003e(content policy)u003c/au003e",
allowUrls: true
},
noCode: true, onDemand: true,
discardSelector: ".discard-answer"
,immediatelyShowMarkdownHelp:true
});
}
});
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
StackExchange.ready(
function () {
StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2fmoney.stackexchange.com%2fquestions%2f105853%2fcan-i-make-estimated-tax-payments-instead-of-withholding-from-my-paycheck%23new-answer', 'question_page');
}
);
Post as a guest
Required, but never shown
1 Answer
1
active
oldest
votes
1 Answer
1
active
oldest
votes
active
oldest
votes
active
oldest
votes
You can't do that.
You can't directly control the amount that is withheld from your paycheck. You can only indirectly change it, by using form W-4. When filling out form W-4, you aren't supposed to write an excessive number of allowances. The allowances have to be justified by your tax situation.
Specifically, IRS pub 505 states "You can claim only the number of allowances to which you are entitled." and "You may have to pay a penalty of $500 if [...] You have no reasonable basis for those statements or allowances at the time you prepare your Form W-4."
answered 1 hour ago
stanniusstannius
2,7931925
I should have just looked at the W-4, because, interestingly enough, I can't just enter a withholding amount (like I can with my DE-4)
– Hari Ganti
26 mins ago
add a comment |
You can't do that.
You can't directly control the amount that is withheld from your paycheck. You can only indirectly change it, by using form W-4. When filling out form W-4, you aren't supposed to write an excessive number of allowances. The allowances have to be justified by your tax situation.
Specifically, IRS pub 505 states "You can claim only the number of allowances to which you are entitled." and "You may have to pay a penalty of $500 if [...] You have no reasonable basis for those statements or allowances at the time you prepare your Form W-4."
answered 1 hour ago
stanniusstannius
2,7931925
I should have just looked at the W-4, because, interestingly enough, I can't just enter a withholding amount (like I can with my DE-4)
– Hari Ganti
26 mins ago
add a comment |
You can't do that.
You can't directly control the amount that is withheld from your paycheck. You can only indirectly change it, by using form W-4. When filling out form W-4, you aren't supposed to write an excessive number of allowances. The allowances have to be justified by your tax situation.
Specifically, IRS pub 505 states "You can claim only the number of allowances to which you are entitled." and "You may have to pay a penalty of $500 if [...] You have no reasonable basis for those statements or allowances at the time you prepare your Form W-4."
answered 1 hour ago
stanniusstannius
2,7931925
You can't do that.
You can't directly control the amount that is withheld from your paycheck. You can only indirectly change it, by using form W-4. When filling out form W-4, you aren't supposed to write an excessive number of allowances. The allowances have to be justified by your tax situation.
Specifically, IRS pub 505 states "You can claim only the number of allowances to which you are entitled." and "You may have to pay a penalty of $500 if [...] You have no reasonable basis for those statements or allowances at the time you prepare your Form W-4."
answered 1 hour ago
stanniusstannius
2,7931925
answered 1 hour ago
stanniusstannius
2,7931925
answered 1 hour ago
stanniusstannius
2,7931925
answered 1 hour ago
stanniusstannius
2,7931925
2,7931925
I should have just looked at the W-4, because, interestingly enough, I can't just enter a withholding amount (like I can with my DE-4)
– Hari Ganti
26 mins ago
add a comment |
I should have just looked at the W-4, because, interestingly enough, I can't just enter a withholding amount (like I can with my DE-4)
– Hari Ganti
26 mins ago
I should have just looked at the W-4, because, interestingly enough, I can't just enter a withholding amount (like I can with my DE-4)
– Hari Ganti
26 mins ago
I should have just looked at the W-4, because, interestingly enough, I can't just enter a withholding amount (like I can with my DE-4)
– Hari Ganti
26 mins ago
add a comment |
Thanks for contributing an answer to Personal Finance & Money Stack Exchange!
- Please be sure to answer the question. Provide details and share your research!
But avoid …
- Asking for help, clarification, or responding to other answers.
- Making statements based on opinion; back them up with references or personal experience.
To learn more, see our tips on writing great answers.
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
StackExchange.ready(
function () {
StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2fmoney.stackexchange.com%2fquestions%2f105853%2fcan-i-make-estimated-tax-payments-instead-of-withholding-from-my-paycheck%23new-answer', 'question_page');
}
);
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
