About this comment:
"You should be sending in quarterly estimated payments to cover the interest income."
Is there a specific rule that I must obey to know how much I'm supposed to pay? Can I just make some random guess, let's say pay the IRS $1000 every quarter? If I end up paying too much, will I get a refund next year when I file 2024 return? How do I report quarterly payments in Turbotax online? I've never done this in my life so I don't even know how to pay the IRS other than through (paycheck) tax withholding. So if I decide to pay them quarterly payments for tax year 2024, how do I do that?
My other option is to increase my tax withholding if I don't want to make quarterly estimated payments to the IRS, am I right? Sorry I ask so many questions. I'm clueless when it comes to this topic. Thanks again.
