Thanks, VolvoGirl! I do understand and my 2023 taxes are all ready to be filed. I'll add some more context. 2023 contains quite a bit of income due to a) my final W2 (I retired), b) a home sale and c) large other capital gains due to stock sales.
So my challenge has been to estimate 2024 income as it will be approximately 1/3 of 2023. And I believe that I have that estimate pretty close now. Back when I was employed my federal withholding was never enough and I always owed taxes but never had to pay a penalty. Do you think there would be a penalty if I paid, say, 75%? I have the amount owed as $16,000.
Thanks!!!
