Yes. If you are expected to owe more than $300 dollars in tax to either New York State, New York City or Yonkers after deducting tax withheld and credits that you are entitled to claim, then you should pay estimated taxes. NYS expects your tax withheld during 2021 to be at least: 90% of the tax shown on your 2021 return or 100% of the tax shown on your 2020 return.
If you need to add/review NYS estimates, you can do so on the screen titled Additional Tax Situations. Click Start on Review Estimates Calculated.
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