Reply to When making more actually is a real tax disadvantage?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]NP. You need to know your and your DH’s tax liability. Is your DH withholding enough given your new family income? [/quote]

???? OP needs to be making quarterly tax payments based on her revenues. This doesn't have anything to do with her husband's wage withholding.

It sounds to me like maybe she didn't make quarterly payments, her husband is still overwithheld, and they got lucky they didn't owe a lot more (and she probably owes or will owe penalties if she's not paying quarterly).[/quote]

OP here. I made my quarterly payments and I did not pay a penalty. However because my income is irregular and unpredictable (and much of my income hits 4th quarter because of the timing of projects), my quarterly payments basically only cover payroll taxes. Only my last quarterly payment involved actual income tax liability last year because it was only at that point that I knew I'd have any. I do have some wiggle room on estimated tax payments because I file jointly with my husband and his paycheck slightly overwithholds to ensure we don't get hit with a penalty. But in 2023, due to us both making more, the overwithholding didn't actually cover our income tax liability.[/quote]

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