Yes, if you are below the 110% trigger for 2024, then you can pay 100% of what your tax liability is for 2023 (line 24, form 1040). I usually suggest adding $1 to that amount.
If you choose to pay your full amount on April 15th, you are saved from any penalties since you are paying it all on the first quarter. You could actually wait to pay when you file if your numbers are all good. There would not be any penalty for waiting until you file. So in your example, you really don't have to pay until April 15, 2025 for any balance on your 2024 tax return and still be penalty free:
- Then, since my total 2024 tax (which I'll pay in 2025) is, let's say $40,000 I will have to pay the other $24,000 by Y/E 2024 (Jan 2025).
You can do what is most comfortable for you. Certainly you can file a 2024 Form W-4P to have withholding from your required minimum distributions (RMD) which would lower your estimated tax payments.
@mikewinnick1
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