I just finished my 2023 taxes and I got hit with a $4200 bill.
The reason for this is twofold. One is I'm filing single as my wife passed away last year and two I withdrew $10000 from my IRA to prepay my funeral expenses. It looks like not enough money was paid for federal taxes.
Now I see that TurboTax has printed four vouchers, which I assume are prepayments for 2024 taxes.
I don't foresee any income over my social security, postal pension and maybe $12000 from IRA. This income would be about $45,900 in which postal would pay about $1910.00 in taxes and IRA would pay $1200.00. Social Security isn't taxed.
Do I need to shell out $1000 each for these vouchers ?
Thanks
