do you have to pay estimated taxes or can you wait until 4/15/2024? we can't see your returns for 2022 and 2023 so here are the rules to avoid penalties for not timely paying in the required amount.
There will be no federal penalties for not paying in enough taxes during the year if withholding and
a) timely estimated tax payments equal or exceed 90% of your 2023 tax or
b) timely estimated tax payments equal or exceed 100% of your 2022 tax (110% if your 2022 adjusted gross income was more than $150K) or
c) the balance due after subtracting taxes withheld from 90% of your 2023 tax is less than $1,000 or
d) your total taxes are less than $1,000
state laws differ
