Please clarify your question.
- You paid $55,038 in federal taxes in 2022
- That is will into the 110% requirement
- You paid $55,040 in estimated taxes for 2023
- 110% is $60,542
- Regarding the disaster: "Affected taxpayers that have an estimated income tax payment originally due on or after Jan. 21, 2024, are postponed through June 17, 2024, will not be subject to penalties for failure to pay estimated tax installments as long as such payments are paid on or before June 17, 2024."
- The California penalty amount for each quarter is erratic.
- Did you pay smaller amounts in the beginning and a larger amount at the end.
- The penalty is 5 percent of the unpaid tax (underpayment), plus 0.5 percent of the unpaid tax for each month or part of a month it remains unpaid (monthly).
- For further information, contact the California DOR Contact Information
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