Interesting! I don't know how fancy I want to get, but it's good to know. To add more complications, I am currently working as a self-employed contractor, so will have to make quarterly payments for that. Not sure how long that will last, though, since the prospect of landing a new W2 job look pretty good. I'll probably end up doing the contracting thing just long enough to make my 2025 taxes slightly more annoying. I was debating just having HR Block do them since they're right down the street from me, but not sure it's really worth it.However, if you want to be tricky...
OK, thanks. I figured they would probably set it up that. I guess if the money were in a more aggressive fund or stock, it could overcome the penalty, but yeah, where it's at now, the 7-day avg yield is like 4.15% or something.
Withholding is automatically considered to have been paid evenly throughout the year, even if it wasn't.
You could file a new W-4 around October and crank up your withholding around the end of the year. Especially if your employer uses something like Workday and you won't annoy HR filing them twice a year.
Or, you could burn your one-per-12-months indirect IRA rollover by taking a distribution with an unusually high withholding amount, then replacing those funds from another source within 60 days.
Statistics: Posted by GordonG — Sat Feb 22, 2025 12:29 am
