to avoid these penalties for 2023
There will be no federal penalties for not paying in enough taxes during the year if withholding and
a) timely estimated tax payments equal or exceed 90% of your 2023 tax or
b) timely estimated tax payments equal or exceed 100% of your 2022 tax (110% if your adjusted gross income was more than $150K) or
c) the balance due after subtracting taxes withheld from 90% of your 2023 tax is less than $1,000 or
d) your total taxes are less than $1,000
state laws differ
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2) is the easiest to comply with once you file your 2022 return because you know your tax liability and adjusted gross income
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Turbotax likely generated forms 1040-ES because nit enough was paid in for 2022
you'll have to either increase withholding or make estimated tax payments for 2023 to avoid this penalty
