The reason for the overpayment was that we have incoming pension funds that we were covering for expected taxes with quarterly payments. We will be receiving the same income from these sources for 2019, but have paid no withholding.
Last year we experienced very high long term care costs, and they will be higher this year, so that deduction will continue. Therefore, I expect that we may not need to make a withholding payment for this year, but the opportunity to do so will elapse before I receive the usual income and deduction data.
I have read about underpayment penalties and want to avoid them.
Should a submit a medium-sized payment?
