At the beginning of 2023 I estimated my income and set up evenly divided Federal Tax payments.
I received an additional unexpected $10,000 that I will owe Federal Taxes and want to avoid any tax penalty by paying the Federal Taxes on this additional sum of money.
1. Can I just add additional money to the 4th quarter Federal Tax payment before the January 2024 deadline?
2. Or is it possible/better to make a separate payment now for this amount and the final 4th quarter payment by the January 2024 deadline?
Best regards,
Don L.
