Just dealt with estimated taxes for the first time. I think I want to have an accountant next year, because I still have no idea how much I should have paid. I would love to find a good tool for figuring it out online.
My situation was more complex than average because my income jumped from where the withholding on my husband’s job could cover my taxes to where I needed to start paying estimated taxes. That’s a good thing, but it meant looking at the annualized version, and that gets complicated. I’m good at math, but this was quite the headache. I think if I do this again I’ll set up a worksheet in Excel and see if that makes things any better. It shouldn’t be difficult to do.
