DawnC
Expert Alumni

Get your taxes done using TurboTax

Sounds like a good plan.   You can always pay the first and/or second payment and adjust or not pay the remaining ones if things change throughout the year.   They are not required and it is better to overpay and get the refund later than to underpay and possibly get hit with a penalty later.   

 

The late filing penalty is much larger than the penalty for late payments, so as long as you file on time, you can gauge the timing and amounts of your income to determine whether or not you need to make the estimated payments.   

 

Why did 1040-ES estimated tax vouchers print out? Do I need them?

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