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Get your taxes done using TurboTax
No, you do not have to make the estimated tax payments. The estimated tax payment vouchers are just an estimate based on your 2022 return. If you know your 2023 tax year will be different, and taxes will be less, then you do not need to make the estimated tax payments.
Remember, the rule is that you must pay your taxes throughout the year through withholding or making estimated tax payments.
If, at filing time, you have not paid enough income taxes through withholding or quarterly estimated payments, you may have to pay the penalty for underpayment.
For more information, see the link below:
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‎April 10, 2023
6:30 AM