Surewhitey
Thinks s/he gets paid by the post
So being self-employed for the first year (coastFI is what I call it)...I didn't pay any quarterly taxes. At the end of this year I just asked DW to increase her fed taxes by $6-8k to help cover SS & Medicare and a bit of fed tax.
Are there any pitfalls I may experience by doing this?
Thanks!
Basics, made appx $60k in the 22% tax bracket... After all tax writeoffs & individual 401k (26,000), net around $24k. I'm thinking I'll still owe a bit, but I just want to show something paid to cover some of it.
Are there any pitfalls I may experience by doing this?
Thanks!
Basics, made appx $60k in the 22% tax bracket... After all tax writeoffs & individual 401k (26,000), net around $24k. I'm thinking I'll still owe a bit, but I just want to show something paid to cover some of it.