Yes. By default, the IRS considers income to be evenly earned throughout the year, even if it is not. So for a ump sum of income paid between January 1 and March 31, 2024, you can either:
Make an estimated tax payment by April 15
or
Split up your estimated payment into 4 installments and pay them before April 15, June 15, September 15, and January 15 next year.
Depending on your other income, your total estimated payment is likely to be about $12,500. If you over-pay, you will get the difference back as part of your refund.
And don't forget you probably need to make state estimated payments, too.
