Ole Red 29
Recycles dryer sheets
Hello, this is my first year to pay quarterly taxes (retired last year). My plan was to not withhold taxes from any of my withdrawals/dividends/rollovers (to roth). Then pay 4 equal payments of $16,500 to cover us up to the $326,000 top end of the 24% tax bracket. I have made three quarterly payments to date (each $16,500). I was planning to pay the 4th quarterly payment of $16,500 in January. I just received a distribution from a deferred compensation account and they held out $10,000 for taxes. CAN I CHANGE MY 4TH PAYMENT TO $6,500 TO HIT MY TAX TARGET? Or will the IRS make me fill out extra forms if my 4th payment is less than the previous three? If I pay the full $16,500, then I will have overpaid by $10,000. thanks,