JRSP533 Posted May 9, 2020 Posted May 9, 2020 Just processed a wd of $100k and $10k was withheld for federal tax. I am in FL so no state tax. assuming I had no other income for the year, should I expect any additional taxes next year?
david rigby Posted May 9, 2020 Posted May 9, 2020 You should probably do your own estimate. This might help: https://www.irs.gov/individuals/tax-withholding-estimator Luke Bailey and hr for me 2 I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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