Would the YEAR-END ESTIMATED TAX “LIFE HACK” Apply to State Estimated Tax also?
The article “YEAR-END ESTIMATED TAX “LIFE HACK” by Andy Ives describes paying annual estimated taxes once by using witholding when performing a IRA withdrawal. Does this method also work for state estimated taxes as well? In particular, in the state of Virginia?
Thank you.
Permalink Submitted by Alan - IRA critic on Tue, 2021-12-28 04:02
Yes, I doubt that there are any states that link withholding timing to income flow. I did not see anything related to that in the VA booklet.