# Countdown to retirement

**URL:** <https://boards.straightdope.com/t/countdown-to-retirement/981653>\
**Category:** Miscellaneous and Personal Stuff I Must Share\
**Created:** [March 25, 2023, 5:37pm UTC](https://boards.straightdope.com/t/countdown-to-retirement/981653 "2023-03-25T17:37:37Z")\
**Posts on this page:** 1\
**Showing post:** 519

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**Author:** ![squeegee](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/squeegee/32/14537_2.png) [@squeegee](https://boards.straightdope.com/u/squeegee)\
**Post date:** [November 28, 2023, 10:47pm UTC](https://boards.straightdope.com/t/countdown-to-retirement/981653/519 "2023-11-28T22:47:48Z")

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> [@teelabrown](#):
>
> So now that we’re retired, I understand that our method of paying taxes will change. Apparently, we have to do the quarterly tax estimates/tax payments? That’s completely different from how we’ve paid our taxes for forty-odd years. What do we do? Go to a tax accountant now? We’ve always done our own taxes, and Mr. brown hates paying people to do what he thinks he can do himself.

I have similar concerns, though I _have_ done quarterlies. The thing is, your quarterlies for the _next_ year are based on the previous (I think 2) years’ taxes. So you don’t need to worry at all that you didn’t pay quarterlies for 2023, that’s not in the cards _if_ you’ve never had to before. In the past I’d just used Turbo and it simply tells you what your _coming_ year’s quarterlies will be when you file the previous year’s taxes. I think you can just feel your way at this point without a super-CPA or something.

I may pay an enrolled agent anyway to file my taxes (using one from Turbo, they’ve been great) because of a mess up that cost me a ton of money in penalties for 2018 when I just used Turbo by itself because I had a really complex tax situation. [I made a thread about it.](https://boards.straightdope.com/t/got-a-irs-cp2000-letter-demands-41000-by-oct-8-advice-needed/920517)

FWIW, I was told I had to pay quarterlies for 2023 and I’ve completely blown it off because my _taxable_ income will be like 20% of what 2022’s income was, so I figured I’d just cross fingers. Wish me luck 🙂

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