Justin du Coeur (jducoeur) wrote,
Justin du Coeur

Okay, no crisis on estimated taxes

No resolution yet on the job front, and it's D-day, so I sat down and actually went through the estimated tax worksheet.

As some folks had expected, it turned out to be a non-issue. The IRS threshhold is that we need to be withholding at least 110% of last year's taxes; in practice, even if I continue consulting and we only have msmemory's withholding, we're still *way* over that. (Last year's tax was quite modest, since I wasn't bringing in any income.)

So a small yay -- no April 15th hassle for me, and I can leave the money set aside for taxes in the bank for the time being, gathering at least a teeny-tiny bit of interest for us...
Tags: diary

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