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Honored Contributor
Posts: 13,668
Registered: ‎03-19-2010

Re: Werid Social Security Question


@CelticCrafter wrote:

@yamma024 wrote:

@occasionalrain  The IRS wants their tax money quarterly on the money you earned each quarter.  Do what works for you.  Hope someday you don't have to pay a penalty.  


@yamma024 , I agree and the amount of interest earned on what wasn't withheld probably wouldn't even equal the penalty and interest on the unpaid taxes.  As much as I dislike them having my money all year long, I prefer that over having to write a check at the end of the year.


@CelticCrafterAin't that the truth.  I wish there was some way to do that with my investments so I don't get hit with a large tax bill at the end of the year. 

Honored Contributor
Posts: 8,220
Registered: ‎03-30-2014

Re: Werid Social Security Question


@I am still oxox wrote:

@Still Raining wrote:

Rather than dealing with the SS bureaucracy to set a withholding, why not do quarterly estimates? That way you have control. 


@Still Raining  Thank you for the adivce its already been done for a year 



Good that you recalculated for the coming year.  

Respected Contributor
Posts: 4,736
Registered: ‎04-04-2015

Re: Werid Social Security Question


@meem120 wrote:

Not to worry. It will never happen!  No matter what was said 


I don't know.  Lots of folks said the Social Security Fairness Act - eliminating the Windfall and Government Offset provisions would never pass - and it did.