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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.
‎August 21, 2023
8:38 AM