@Thetallred1 wrote:
Filed taxes yesterday, prompted to enter into 1040es payments, however our income is reduced by at least 35% for 2021 so no taxes should be due after standard deductions and child credits. Am I still liable to make the remaining payments? Is there anything I need to do or file to resolve this? Don’t want to make payments I cannot afford or owe.
Estimated tax payments for tax year 2021 using a Form 1040-ES are completely optional. You do not have to pay estimated taxes if they are not needed and the 1040-ES is not reported to the IRS if you do not file the form.
