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Get your taxes done using TurboTax
@ pnberkowtaxes201 wrote:Thanks. That helps a lot. You are saying that I can pay the estimated amounts that I want, and as long as the total amount meets the IRS minimum requirement, then I won't have a penalty next year. Is this true? Thanks again.
No, I'm a fellow user, not a tax person. I wasn't saying anything at all about amounts and penalties.
I was merely telling you the 2 methods to pay the estimated taxes electronically. It's up to you to make sure you are making the minimum payment each quarter to avoid a penalty. The TurboTax interview can help you calculate the amount. There are some different methods that TurboTax shows and lets you choose which method to use.
March 2, 2020
9:57 PM