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#2
02-10-2004, 07:07 PM
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 Re: PA Threshold For Estimated Tax "D.F. Manno" <dommanno[at]netscape.net> wrote: - quote - > "D.D. Palmer" <ddpalmer[at]hotmail.com> wrote:
Just wanted to point out the PA rate is 3.07% for 2004.> > What is the threshold for PA estimated tax? My 13 year old > > daughter owed $42 last year and $44 this year and the > > pattern should be about the same going for at least a few > > more years...do I need to hassle with estimated tax > > payments? > The 2004 threshhold is expecting to receive more than $8,000 > in Pennsylvania taxable income not subject to withholding. > Since that works out to tax due of $224 given the PIT rate > of 2.8 percent, your daughter wouldn't be required to make > estimated tax payments. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
02-04-2004, 03:13 AM
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| Re: PA Threshold For Estimated Tax "D.D. Palmer" <ddpalmer[at]hotmail.com> wrote: - quote - > What is the threshold for PA estimated tax? My 13 year old
The 2004 threshhold is expecting to receive more than $8,000> daughter owed $42 last year and $44 this year and the > pattern should be about the same going for at least a few > more years...do I need to hassle with estimated tax > payments? in Pennsylvania taxable income not subject to withholding. Since that works out to tax due of $224 given the PIT rate of 2.8 percent, your daughter wouldn't be required to make estimated tax payments. -- D.F. Manno dommanno[at]netscape.net "They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." (Benjamin Franklin) << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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02-04-2004, 02:16 AM
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| Re: PA Threshold For Estimated Tax - quote - > What is the threshold for PA estimated tax? My 13 year old
You should be fine until she owes $100 a year.> daughter owed $42 last year and $44 this year and the > pattern should be about the same going for at least a few > more years...do I need to hassle with estimated tax > payments? Helen, EA in PA Member of The Tax Gang Director, National Assoication of Enrolled Agents Immediate Past President, PA Society of Enrolled Agents << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
02-03-2004, 12:32 AM
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| PA Threshold For Estimated Tax What is the threshold for PA estimated tax? My 13 year old daughter owed $42 last year and $44 this year and the pattern should be about the same going for at least a few more years...do I need to hassle with estimated tax payments? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| estimated, tax, threshold |
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