Taxpayers Can Avoid a ‘Very Nasty Surprise' by Making Quarterly Payments by Sept. 15

‘It's Belt-Tightening Time' — How to Save as Food Inflation Jumps More Than 11% in a Year

Other scenarios requiring estimated tax payments may be selling investments, earning a bonus or making retirement account withdrawals without withholdings, Loyd said.You can avoid federal penalties by paying, over the course of the year, the lesser of 90% of your 2022 taxes or 100% of your 2021 bill if your adjusted gross income is $150,000 or less.

Of course, you'll still need to set aside enough money to cover total levies for the year when you file taxes in April, he said.While estimated payments may help avoid penalties, some filers may purposely skip them, despite the late fee, experts say.

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WATCH: Lewis Capaldi makes surprise visit to his 'old stomping ground'LEWIS Capaldi surprised students as he made a return to his 'old stomping ground'.
Source: Glasgow_Times - 🏆 76. / 59 Read more »

China And Russia Move To Disrupt The Dollar’s Dominance In Oil Markets | OilPrice.comRussia and China are making major moves to disrupt the U.S. dollar’s dominance in oil and gas markets with new plan to switch payments for gas supplies to rubles LukeGromen
Source: OilandEnergy - 🏆 34. / 68 Read more »

'Forward and towards victory:' Zelenskyy hails Ukrainian forces on surprise visit to liberated cityUkrainian president Volodymyr Zelensky made a surprise visit to the recently liberated town of Izyum today, and was unmoved when a bomb exploded nearby as he spoke to local troops. Is everyone familiar with the 'rat hope' experiment. This seems to be what's going on here to keep the money flowing.
Source: LBC - 🏆 17. / 74 Read more »