Re: How much $ to set aside for next year taxes
Note the calculation on lines 14a, b, and c. If you didn't pay a lot of income tax for tax year 2006, you actually don't have to make large estimated payments. However, these forms will give you an idea of how much tax you will have to pay, so you will know how much cash you'll have to "set aside." Please, take it out of your bankroll and save it in a money market account somewhere earning 4+% with no risk of loss.
-Tom
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