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Estimated taxes
Hello, I received a substantial bonus very recently. The total withholding for this year from my regular salary plus what was withheld from the bonus will be significantly less than my total estimated 2023 taxes. However, the total withholding is greater than 110% of my 2022 taxes. Do I need to pay any estimated taxes? Based on my reading, even though I will owe a significant amount of taxes when I file my 2023 taxes, I do not need to pay any estimated taxes for 2023. My filing status is married filing jointly. Am I missing anything or anything else I need to consider? Thank you
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‎December 15, 2023
4:24 PM