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Get your taxes done using TurboTax
estimated taxes are due on a quarterly basis. so paying 100% of your estimated taxes now will not avoid the penalties for the 1st 3 quarters. but read the following
There will be no federal penalties for not paying in enough taxes during the year if withholding
1) And timely estimated tax payments equal or exceed 90% of your 2021 tax
or
2) And timely estimated tax payments equal or exceed 100% of your 2020 tax (110% if your 2020 adjusted gross income was more than $150K)
or
3) the balance due after subtracting taxes withheld from 90% of your 2021 tax is less than $1,000
or
4) your total taxes are less than $1,000
state laws differ
‎December 30, 2021
11:34 AM