Thank you so much for your speedy replies.
Just to make sure we are on the same page;
We have not made any estimated tax payments this year due to our Fed Tax withholdings being based on salaries alone. (We didn't know the Treasury I bonds were maturing this year until this month and all of the interest from these bonds must be reported for year they matured so we redeemed them.)
I think scenario #2 from your note is the only one that is applicable in our case since the amount of Federal witholding taxes deducted from our salaries during 2022 ($11,000) amounts to ~150% of our total 2021 Federal taxes owed on line 24 of 2021/1040 form ($7,300) which would not place us in a position to owe any penalties.
Have I done this correctly?
