John and Mary Smithshan just filed their 2019 personal income tax return recently in March 2020. During 2019, their total wage income was $350,000. They had taxable interest income of $8,000 from CDs and savings. In addition, Mary had Schedule C net income of $11,600. Their total tax liability which include Schedule C self-employment tax was $62,000. Their total Federal tax withholding per W-2 was $51,000. They ended up paying $11,000 to the IRS. They are expected to have 20% increase in their W-2 wage for year 2020. Now you are doing their 2020 projection. What will you advise them to plan accordingly for their 2020 taxes?