1041-US: Changes in safe harbor rules (FAQ)

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Question

Has there been a change in safe harbor rules affecting estimated tax payments for high income taxpayers?

Answer

No. For 2022, the estimated tax safe harbor rule is based on the tax shown on the client's 2021 tax return and is 110 percent of that amount. This applies to taxpayers with adjusted gross income of more than $150,000. This amount calculates automatically when you are using estimate option 1, 3, or 8 in the Estimate Payment Voucher section on Screen Est in the Payments folder.

Related topic: 1041-US: Estimated taxes FAQs

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