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Get your taxes done using TurboTax
A;though you may have difficulty prjecting your 2025 income and tax, or get an unexpected income windfall,
you do know your 2024 tax.
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What is your 2024 tax ? do you have withholding taken in 2025?
If your total 2025 withholding alone is 100 % of that amount ( 110% if your 2024 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 2024 refund this year and 2025 earnings are comparable then your 2025 withholding may already meet the prior year's tax rule
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[If IRAs or 401k are involved, one possible action is to make sure your withholding instruction to custodian on IRA distribution specifies the needed withholding to satisfy the above rule.]]
‎February 4, 2025
5:12 PM