I don't like to wait for the last minute to file my taxes so as soon as I receive all my documents I visit my accountant in Fresh Meadows. I receive income from my TIAA pension, Social Security, bank IRA, and interest from bank accounts. I have taxes deducted from my pension, but not from the other income sources. Thus I send the IRS quarterly estimated payments.
This year may payments fell short so I have to pay the IRA more money for 2024 and increase my estimates for 2025. On the other hand, I will get a refund from New York State. For the first time I will make my payments electronically to the IRS. It is so much easier to do. I also highly recommend going to a CPA to have taxes done.
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