DavidD66
Expert Alumni

Get your taxes done using TurboTax

No.  If you have a balance due on your 2024 tax return, you may want to make estimated tax payments so don't have a balance due when you file your 2025 tax return, but you do not have to.  You should also consider adjusting your withholding, if you are W-2 employee.   I recommend you use one, or both of the following tools to determine the correct amount to have withheld and adjust your W-4.  It won't be any help for 2024 taxes, but it can prevent you from owing any tax on your 2025 return.  

 

TurboTax W-4 Calculator 2024

 

IRS Tax Withholding Estimator

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