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Get your taxes done using TurboTax
that 100% rule based on last year's tax, cited above, is only valid if your adjusted gross income is $150,000 or less. If more the required payments - timely estimates and withholding must be 110% of last year's tax. so I would suggest you monitor your withholding for 2024 and if it looks klike it will be short you could file a new w-4 to increase withholding to cover the shortfall. Paying estimates to cover the shortfall won't work for 2025 because they only count for the period paid and you have missed the first quarter estimate which was due 4/15/2025
‎June 5, 2025
10:41 PM