SharonD007
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Get your taxes done using TurboTax

TurboTax generates estimated tax payment vouchers if you are self-employed or there was not enough withholding from your income. You do not have to make these payments; TurboTax calculated the estimated tax payments based on your information. Since you indicated that your withholding for 2023 is already greater than the estimated tax on the vouchers and that your company will withhold more than the amount estimated, you do not have to make the estimated payments. If you calculate that you will owe less than $1,000 after your withholding, you should not incur penalties.

 

For more information, please review the TurboTax Help article Guide to IRS Tax Penalties: How to Avoid or Reduce Them.

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