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Forum: Daycare and Taxes 01-05-2018, 03:19 PM
Replies: 17
Views: 999
Posted By TomCopeland
estimated taxes

If you did child care in 2016, use your taxes from that year as a guide going forward. Once you do your 2017 taxes, use that as a guide going forward.
Forum: Daycare and Taxes 01-05-2018, 09:21 AM
Replies: 17
Views: 999
Posted By TomCopeland
estimated taxes

Yes, 20% of your income before deductions. This is a rough estimate to cover Social Security/Medicare and federal income taxes. The penalty is a little less than 3%:...
Forum: Daycare and Taxes 01-04-2018, 01:27 PM
Replies: 17
Views: 999
Posted By TomCopeland
Estimated taxes

IRS rules say you must be paying in at least 90% of your taxes each quarter. This can be done by having your husband withhold enough through his job to cover your taxes, so then you wouldn't have to...
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