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M
moosie89
March 20, 2023
Question

Hello. The tax withholding part is this pertaining to if one is a business owner?, I am a little confused? Thanks.

  • March 20, 2023
  • 1 reply
  • 0 views
It is asking me to provide Quarterly payments and I am not sure of this question, nor am I a business owner.

1 reply

D
DianeW777
March 20, 2023

If you are not a business owner and most of your income is from wages as an employee, then you employer would withhold any federal tax required on your wages for you.

 

If you had a balance due that was more than normal you may be asked about whether you want to pay estimated (quarterly) tax payments.  If you don't believe you will have income from sources that do not withhold your federal tax such as interest, dividends, investment sales and sometimes retirement then you can select that you do not want to make estimated tax payments.

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