Sorry for the stupid question, but I've never had to pay taxes outside of my regular paycheck before.
I made a suddenly large amount of money in the stock market over the past few weeks and will owe extra taxes on that (short term gains).
While my federal withholding correctly deducts the right amount of taxes for my regular salaried income (plus a bit more to be safe), my new gains mean that I will still owe taxes, even if I deduct 100% of the 5 paychecks I have remaining in the year.
I have enough money to pay. Where do I send it, and by when?
I would prefer not to owe anything / have to pay additional penalties, come filing in 2022.
Submitted October 23, 2021 at 01:08AM by boomvroomshroom https://ift.tt/3E7Fs06
