What prompted 2023 Turbo Tax to generate the "Estimated Tax Payment Option for 2024" sheet? I voluntarily made an estimated tax payment to the IRS in 2023 because I knew that before the 2023 year was over, my pension withholding would not be enough to cover the tax due. Did having put this 2023-estimated-tax- payment-to-my-IRS-account on the 2023 tax return cause it to generate this "Estimated Tax Payment Option for 2024" sheet for 2024 and the Form 1040ES Estimated Tax Vouchers for 2024 1, 2, 3, and 4?
Does the IRS know that Turbo Tax generated 1040ES Estimated Tax Vouchers for 2024 and does the IRS know that it should expect them?
If there is a penalty for not having filed the 1st 2024 estimated tax payment on time, does Turbo Tax calculate the amount of the penalty? Or does the IRS? And do the 2024 estimated tax payments have to be large enough to include this penalty when the tax return is filed to not incur a penalty for underpayment?
What if in 2024 I will have paid enough in withholding to cover my 2024 taxes due? Would I still be held to making 2024 Estimated tax payments (all of which would come back to me in a tax refund after I filed my tax return)?
And if in 2025 I will have paid enough in withholding to cover my 2025 taxes due, will I still be held to making 2026 Estimated tax payments?
