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Get your taxes done using TurboTax
Thank you so much for clarity and validating my assessment. As mentioned, my 2025 tax liability will be much higher than my 2024 taxes and I didn't want to make any estimate payment for '25 taxes until the filling date next April, and at the same time didn't want to incur any penalty on that.
So as @fanfare summarized.. "estimate on prior year's tax , or 90% of this year's tax, whichever is smaller".
Thank you both, do very much appreciate.
May 27, 2025
10:44 AM