dantelman
New Member

Get your taxes done using TurboTax

The IRS uses a formula, if you did not withhold enough federal tax, or have investments that generated additional taxable income, then you need to make estimated payments for 2024. The IRS generally calculates what those should be based on the tax you withheld in 2023, vs the tax you owed.

In general you don't want to owe more than a few hundred dollars in tax.