Get your taxes done using TurboTax

correction may be entirely up to you.  under Federal law there will be no penalties for underpaying estimated tax if either:

1) withholding and timely estimates = 100% of 2023 tax. That jumps to 110% if your 2023 adjusted gross income was more than $150,000

2) withholding and timely estimated tax payments = 90% of your 2024 tax.

 

if you are not going to meet either test, then increased estimates are required. keep good records because the default for underestimation of tax penalties is that 1/4 of your taxes are due each tax period nu 4/15,6/15,9/15 and 1/15 of following year. With uneven income and payments, you may need to use the annualized income installment method to avoid/reduce penalties. see form 2210 page 3

https://www.irs.gov/pub/irs-pdf/f2210.pdf