I am on W-2 and my employer withholds federal and state taxes on every paycheck.
I sold a big sum amount of stocks and crypto last year. So the amount of tax I owed for the year of 2021 was significantly high. Turbotax generated 1040-es for me. I made my first payment, but for the payment of June 15th, I am thinking why I should pay since tax is already withhold by my employer.
I am not planning to sell much asset this year, since stock/crypto markets are significantly down.
Do I have any obligation to pay since 1040-es was already generated and reported to IRS when I filed my 2021 taxes? What if I decide not to pay but until the end of the year my income increase because of some other reasons (not selling assets) like switching to a higher paying job?
