Get your taxes done using TurboTax

See this IRS Tax Topic for Underpayment of Estimated Taxes penalty to see if you need to pay estimated taxes for the 2023 tax return - https://www.irs.gov/taxtopics/tc306

 

Generally, most taxpayers will avoid this penalty if they either owe less than $1,000 in tax after subtracting their withholding and refundable credits, or if they paid withholding and estimated tax of at least 90% of the tax for the current year or 100% of the tax shown on the return for the prior year, whichever is smaller.