From my 2021 tax return, the total tax from Line 24 of the 1040, is $16,474. The AGI from Line 11 is $150,402. The total withholding for 2022 will be $20,150. If I understand you correctly, since my 2022 withholding will be $20,150. and that's 122.3% more than my 2021 total tax of $16, 474., there won't be any penalty. As long as the 2022 withholding is more than 110% of the 2021 total tax, there isn't any penalty.
Is this correct? The link you send me makes it very easy to ACH money to the IRS directly from my checking account. I will do that to reduce the amount that I will owe. When I do my 2022 tax return, Turbotax will give me the 2023 estimated quarterly tax payment forms. Can I make those payments from the same link and not use the forms?
Thanks again for your help.
