Safe Harbor Percentage?

Mar 07, 2008 2 Replies
C

In recent years the safe harbor percentage rate (to avoid underpayment of estimated FIT) has been 110% of the previous year's tax with respect to quarterly estimated FIT prepayments. I've been unable to locate the rate to be used for estimated 2008 estimated FIT prepayments. Can anyone provide a pointer?



I have the same question for California estimated income tax prepayments.



Thanks.


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Search for "1040-ES 2008"

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For California "540-ES 2008 instructions"

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Milt Baker CPA

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