So, I got the added vouchers for estimated payments on my return after filing my federal tax return for the year.
So here are my questions and concerns:
1. I received unemployment last year and stopped receiving them in July and am still very much unemployed and a student. I am claimed as a dependent on my mother's tax return for 2021 so making these payments really isn't possible for me.
2. I filed my tax return later than April 18, 2022, as in today and both federal and state were accepted so the payment schedule is already off for her in quarterly installments.
3. Because I knew I was filing for an extension, I initially paid $1,414 to the IRS at the 4/18 deadline, and when I just filed, I paid $146 more than was due through TurboTax. Does all this count for anything?
Considering all this and what I read about why people pay estimated taxes, I don't understand what to do now. Also, I am still not entirely sure about what they are and I certainly don't understand how they apply to me this year in 2022.
All the help I can get would be appreciated, Thank you!
