Rating: 1 Posted By: JW10 Views: 127 Replies: 2 In 2015 and 2016, I converted some regularIRA to ROTH conversion IRA for the long term benefits. About $25,000 convertedeachyear I was not financially healthy enough to pay the taxes on the whole ball of wax. I paid estimated taxes each year to allow for taxes on the IRA to Roth conversion.
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- About Form 1040-ES, Estimated Tax for Individuals
Use Form 1040-ES to figure and pay your estimated tax. Estimated tax is the method used to pay tax on income that is not subject to withholding (for example, earnings from self-employment, interest, dividends, rents, alimony, etc.).
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Estimate your federal refund or calculate your potential tax bill. Enter your income, filing status, age, and common deductions and adjustments to learn more.
06/13/2024 - 10:21 am | View Website - Estimated Taxes: How to Determine What to Pay and When
But if you are self-employed, or if you have income other than your employment wages, you may need to pay estimated taxes each quarter. You may owe estimated taxes if you receive income that isn't subject to withholding, such as: Interest income; Dividends; Gains from sales of stock or other assets; Earnings from a business; Alimony that is taxable
06/12/2024 - 11:15 pm | View Website - 2024 Form 1040-ES
Use Form 1040-ES to figure and pay your estimated tax for 2024. Estimated tax is the method used to pay tax on income that isn’t subject to withholding (for example, earnings from self-employment, interest, dividends, rents, alimony, etc.).
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