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Personal Finance and Investing

progree

(11,471 posts)

2. TurboTax: "claim my refunds". I don't think so, I expect I'll owe $8,800 federal taxes due

Reply to question everything (Reply #1)

Fri Jan 1, 2021, 05:14 PM

Jan 2021

plus I won't even guess the state taxes due.

And I'll end up paying about $2,200 in higher Medicare premiums in 2022.

All thanks to a large (but carefully calibrated in size) Roth conversion.

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Tax Moves Worth Considering Before the End of the Year [View all] question everything Oct 2020 OP

So.... went to look at the new forms question everything Jan 2021 #1

TurboTax: "claim my refunds". I don't think so, I expect I'll owe $8,800 federal taxes due progree Jan 2021 #2

Why did you not increase your estimated taxes during the year? question everything Jan 2021 #3

I'm safe harbor - I paid 2020 estimated taxes in total equaling my 2019 actual taxes progree Jan 2021 #4