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Get your taxes done using TurboTax
You sent an Estimated Tax payment.
What is your 2023 tax ? do you have withholding taken in 2024?
If your total 2024 withholding alone is 100 % of that amount ( 110% if your 2023 AGI is over $150,000),
You don't need to make estimated tax payments. This is the prior year's tax rule.
If you got a 2023 refund this year and 2024 earnings are comparable then your 2024 withholding may already meet the prior year's tax rule.
A Roth Conversion can likely upset this.
‎October 27, 2024
10:01 PM