@Dinomag If you owe expect to owe tax of $1,000 or more when your 2022 return is filed in 2023, then you should pay estimated taxes.
You can use the TurboTax Calculator to get an estimate of what your 2022 return will be (filed in 2023), it may still have 2021 information but it will give you an idea of what your 2020 tax return would look like.
https://turbotax.intuit.com/tax-tools/calculators/taxcaster/
From the IRS:
Generally, you must make estimated tax payments for the current tax year if both of the following apply:
- You expect to owe at least $1,000 in tax for the current tax year after subtracting your withholding and refundable credits.
- You expect your withholding and refundable credits to be less than the smaller of:
- 90% of the tax to be shown on your current year’s tax return, or
- 100% of the tax shown on your prior year’s tax return. (Your prior year tax return must cover all 12 months.)
There are special rules for:
- Farmers and fishermen
- Certain household employers
- Certain higher income taxpayers
- Nonresident aliens
