There are special rules for higher income taxpayers.
The IRS says on page 1 of this document:
If your adjusted gross income (AGI) for 2023 was more than $150,000 ($75,000 if your filing status for 2024 is married filing separately), substitute 110% for 100% in (2b) under General Rule, earlier. This rule doesn’t apply to farmers or fishermen.
So to avoid the penalty, you have to pay 90% of this year's taxes or 110% of the previous year's taxes.
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