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Get your taxes done using TurboTax
There will be no federal penalties for not paying in enough taxes during the year if federal withholding and
- timely estimated tax payments equal or exceed 90% of your 2022 tax or
- timely estimated tax payments equal or exceed 100% of your 2021 tax (110% if your 2021 adjusted gross income was more than $150K) or
- the balance due after subtracting federal taxes withheld from 90% of your 2022 tax is less than $1,000 or
- your total federal taxes are less than $1,000
‎December 8, 2022
1:17 PM