Reply To: Single RMD in December considered evenly distributed for California?

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#4725
kaneohe
Participant

From the instructions for 540-ES:

“B. Who Must Make Estimated Tax Payments
Generally, you must make estimated tax payments if you expect to owe at least $500 ($250 if married/RDP filing separately) in tax for 2019 (after subtracting withholding and credits) and you expect your withholding and credits to be less than the smaller of:

90% of the tax shown on your 2019 tax return; or
100% of the tax shown on your 2018 tax return including Alternative Minimum Tax (AMT).”

From this it sounds like if your w/h meets the safe harbor, you don’t need to make estimated payments. There is a lot of talk about how federal w/h is considered to be paid evenly during the yr regard of timing. There is much less talk about CA w/h……..but my impression is that it works the same way. Try contacting FTB if any doubts.

  • This reply was modified 1 year, 11 months ago by kaneohe.