Hi There:
Without adequate withholding, it's possible to incur an estimated tax penalty. My advice is to have your employer make an adequate withholding of tax in conjunction with year end bonus. A second option would be to make 1/15/2024 estimated tax payment. If you should go the estimated tax payment route, TaxCaster from Turbo Tax will help you estimate the amount of payment due. Please see link below:
TaxCaster
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