@drdively1 wrote:...I will avoid a penalty if my federal income tax withholding and my estimated tax payments exceed last years federal income tax paid Form 1040 line 15]. I do intend on exceeding that amount.
That is essentially correct. As pointed out previously, you can avoid a penalty if you either owe less than $1,000 in tax after subtracting your withholding and refundable credits, or if you paid withholding and estimated tax of at least 90% of the tax for the current year (2019) or 100% of the tax shown on your return for the prior year 2018), whichever is smaller.
