Vanessa A
Employee Tax Expert

Get your taxes done using TurboTax

If you are expecting a refund this year again, then no, you would not need to make quarterly payments.

 

If your tax situation changed drastically from last year and you actually will have a tax due of $2,988 when you file your taxes, then yes, you should have made quarterly payments.  

 

Quarterly payments are required if you expect to owe more than $1,000 when you file your taxes. 

 

If you do owe more than $1,000 and you did not pay more than 90% of your 2022 taxes liability or 100% of your 2021 tax liability you can request a penalty waiver by filing form 2210 in TurboTax.  This is at the end of the program under other tax situations. If a penalty is calculated, TurboTax will tell you the penalty amount and ask you if you would like to see if you qualify for a waiver. 

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