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Get your taxes done using TurboTax
The prior year is based on whatever is on Line 24 from your prior year tax return (so it is after the solar tax credit has been applied). Take Line 24 and multiply by 110% (assuming your income exceeds $150,000) and divide by 4 - that is the minimum quarterly payment required (since you state that the current year is much higher than that).
‎June 15, 2024
7:53 AM