Knightshade
Well-Known Member
My accountant told me 3-4%. I talked to my friend who does this and his 2021 return showed the interest was 3% and penalty was 0.5% and he made no estimated tax payments.
I've always paid them in the past, but figured I can make more in the market or by buying TSLA at lower prices and waiting to see how it goes until next April. Another option is to pay some of the estimated taxes throughout the year, if you're looking to avoid a big tax bill in April
FWIW the big tax bill in April is a great opportunity to do a few large credit card signup bonuses, which can often get you 10% or better back on your spend... so even paying the 1.9x% credit card fee you can skim some decent profit off of it... (and a lot better than 10% return if you're someone who travels in the pointy end of the plane occasionally)