safe harbor income limits; quarterly taxes
What is the safe harbor income limit when calculating your 2009 estimated quarterly taxes? At what income does the safe harbor increase from 100% of last year’s income to 110%?
What is the safe harbor income limit when calculating your 2009 estimated quarterly taxes? At what income does the safe harbor increase from 100% of last year’s income to 110%?
Permalink Submitted by Alan Spross on Wed, 2009-01-07 23:45
The 2009 1040 ES has not yet been released, but should be very soon. For 2008 it was 150,000 AGI, and will probably be the same for 2009. but it would be best to check the IRS site in a couple weeks.
Permalink Submitted by Bruce Steiner on Thu, 2009-01-08 03:16
The $150,000 amount is in Section 6654(d)(1)(C)(i).