Skip Every Quarterly Estimated Payment and Have Schwab Withhold 100% of Your December RMD Instead. The IRS Counts Withholding as Paid on Time All Year

Skip Every Quarterly Estimated Payment and Have Schwab Withhold 100% of Your December RMD Instead. The IRS Counts Withholding as Paid on Time All Year

Most retirees write four estimated tax checks a year without realizing the IRS offers a completely different accounting treatment for one type of December payment that retroactively satisfies every quarterly deadline they missed.