Thank you! I feel I'm on solid ground now.Yes, any SE FICA is included in your prior year's taxes. The exact calculation for the prior year tax safe harbor is in the instructions for Form 2210 line 8 but if you use line 24 of your previous year's tax return for planning, you'll be safe (the number is actually line 22 plus some of what goes on line 23 less some credits - the exact number will be less than line 24).
Is your wife paying social security contributions? If she doesn’t, that would also impact your taxes
Was that not included in 2023 total taxes paid? I just want to be in the safe harbor - I fully expect to get slammed in April given her higher income this year.
Statistics: Posted by anonenigma — Sun Sep 08, 2024 8:54 pm