Reply To: Tax withheld from RMDs vs Estimated Tax payments

Home Fairmark Forum Retirement Savings and Benefits Tax withheld from RMDs vs Estimated Tax payments Reply To: Tax withheld from RMDs vs Estimated Tax payments

#15059
Alan S.
Participant

The prior posts addressed withholding for tax payments, and the timing of withholding is immaterial. Quarterly estimates are different, and they are only credited when actually paid. But for those incurring significant late year income such as a December RMD, there is an option to file Form 2210 AI, in which you state your income for each quarter, deductions for each quarter, and if done correctly it will eliminate much of any underpayment penalty. That said, the form is complex and many people wish to avoid dealing with it.