Thinking of claiming exempt status for both fed and state and then making estimated payments. Why let the government borrow my money for ten months? Any previous VSPers do this?
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"So you’d get financial advice from strangers on a website full of trolls....also, 90% of management left in December and March. You’ve had over 7 months to get financial advice, but you wait until the last minute to get it here? Happy investing my friend. (And by my friend, I mean you doofus)."
Why are you so mad at the world? Wanna talk about it?
So you’d get financial advice from strangers on a website full of trolls....also, 90% of management left in December and March. You’ve had over 7 months to get financial advice, but you wait until the last minute to get it here? Happy investing my friend. (And by my friend, I mean you doofus).
No, some of us are leaving the end of June ya doofus. And how about I don’t feel like paying someone 1500-2500 bucks for the “advice “?
I did...paying estimated taxes to state and feds to avoid penalty (130% of what was owed in 2018). Through a big chunk of the cash into high yield 12 month CDs. Making 150 a month compounding. Making estimated tax payments out of on hand cash.
Why post this stuff on here? Didn’t you guys retire months ago? Here’s an idea......How about going to a financial planner?
No.
Reap the rewards with your tax filing in 2020.
You pay an underpayment penalty if you do this. Unless you got a refund the year before. Which means at this point you could get away doing it every other year.
Does that make sense?
Thought about it, but it was so much money that you might get penelized for paying too little tax during the year. I instead just bit the bullet and now am waiting for a huge return next year.
Just be sure you get close on you estimates as there is an under payment penalty.