Withheld too little in 2018 and now have to pay quarterly…advice needed
My wife & I messed up and withheld too little and ended up owing the IRS around $3,000 this year. We fixed both our W4s so that we should come out even for 2019, but the IRS still wants us to pay an estimated $750 each quarter since we underpaid last year.
Do I still have to pay quarerly even though we fixed our W4’s to withhold the correct amount? We also expect our income to go down in 2019 since my wife will be going back to graduate school and we will be on 1 income as opposed to 2.