Get your taxes done using TurboTax

The key is to avoid a penalty for underpayment of estimated tax.

 

You can avoid that penalty if:

 

1) You owe less than $1,000 in tax, after subtracting any withholding and refundable credits, OR

 

2) You paid withholding and estimated tax of at least 90% of the tax for the current year or 100% of the tax shown on your return for the prior year, whichever is smaller. 

 

See https://www.irs.gov/taxtopics/tc306

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