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Can I make a payment now for Federal taxes that might be owed in 2021?
My wife retired in Jan 2021. I've been retired for a few years. Our income is mostly from Social Security now. My wife had about $7000 in gross income in January of 2021 as she worked for about 3 weeks prior to retirement. I have a small pension of about $2000 per year.
Having a lower income I decided not to have Federal taxes deducted from our SS payments. After reading up on my situation I think I might owe more Federal taxes for 2021 that were withheld. Not wanting to run afoul of the greater than $999.00 limit on what I owe in taxes I want to make a payment to the IRS now for 2021.
I see there are online payment options on the IRS site. Are any of these what I want? The bottom line is that I hopefully come in under the $1000.00 limit.
A link to whatever I need to do to accomplish this would be greatly appreciated.