Get your taxes done using TurboTax

If you don't believe you need to pay estimated taxes for 2024, you can ignore the quarterly estimated tax payment forms created by TurboTax. Even if you believe you need to pay quarterly estimated taxes, you can ignore the amounts on the TurboTax forms and pay whatever amount you think you need to pay if any. 

 

The only reason to pay quarterly estimated taxes is to avoid an underpayment penalty. Generally, most taxpayers will avoid this penalty if they either owe less than $1,000 in tax after subtracting their withholding and estimated tax payments, or if they paid at least 90% of the tax for the current year or 100% of the tax shown on the return for the prior year, whichever is smaller. The amount is 110% of the tax shown on the return for a prior year AGI of more than $150,000.

See this tax topic: https://www.irs.gov/taxtopics/tc306