Sentences with phrase «joint estimated tax payments»

You can't make joint estimated tax payments if you and your spouse have different tax years (a rare circumstance).

Not exact matches

You can avoid an underpayment penalty if withholding or estimated payments equal at least 90 % of your tax liability for the current year, or 100 % of your tax liability for the previous year (or 110 % if your income was more than $ 150,000 for singles and married joint filers).

If the pro forma joint return results in a balance due and this is unsatisfactory to you, you can increase your withholding by filing new Forms W - 4 or by making estimated tax payments to cover the expected balance due.