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Personal Finance (Not Investing) • Tax Implications of Large W-2 Windfall

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Like others said, make sure to also check your state's rules for state tax underpayment penalty. For example, for California, if your California AGI this year is more than $1 million, you cannot use the 110%-of-last-year's-tax safe harbor; you can only use the 90%-of-this-year's-tax safe harbor.

Statistics: Posted by newacct — Sun Sep 15, 2024 2:14 am — Replies 11 — Views 1059



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