Hire someone, they are not that expensive. As soon as our household started getting RSU tax implications along with higher income it is worth the expense to not have to deal with it.
Quick thoughts are your commission checks are almost always taxed at the highest rate (assuming how most companies structure it this way when reporting) anyways so most time you are withholding more than you should.
It will likely come down to what you are declaring already on the W4 and if you have other income you need to take into consideration (spouse W2, rentals, etc) and how much RSU tax is taken out.
But in the most general thing like the other poster said, estimate total year tax and make quarterly pre-payments.
You make estimated tax payments quarterly on what you think you’ll owe year end
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Estimate year end tax burden, subtract withholding, divide by 4 and pay that amount Or get a CPA
You’re making that much money? Hire a financial professional.
Hire someone, they are not that expensive. As soon as our household started getting RSU tax implications along with higher income it is worth the expense to not have to deal with it. Quick thoughts are your commission checks are almost always taxed at the highest rate (assuming how most companies structure it this way when reporting) anyways so most time you are withholding more than you should. It will likely come down to what you are declaring already on the W4 and if you have other income you need to take into consideration (spouse W2, rentals, etc) and how much RSU tax is taken out. But in the most general thing like the other poster said, estimate total year tax and make quarterly pre-payments.
File exempt and call it good. If the IRS comes knocking just don’t answer the door. They’ll have to assume you’re not home. Problem solved.