For 2021, my total taxes due were $15,000. Based on my withholdings, I paid $15,500. so I received a refund of $500. To avoid a penalty in 2022, if I don't pay estimated taxes, the total amount of my 2022 withholding will be $17,000., which is more than 100% of my 2021 withholding. If I understand what you said, I wouldn't be subject to any penalty. In 2021. Is this correct,
Also, how does the amount of the 2021 AGI enter into the calculation? My 2021 AGI was $149.5K.
Thanks again for your help.
