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After you file
since you won't be paying estimates the following are the safe harbor rules
There will be no federal penalties for not paying having enough in federal withholding taxes to equal or exceed
1) 90% of your 2024 tax or
2) the balance due after subtracting taxes withheld from 90% of your 2024 tax is less than $1,000
the other rule that is not practical due to the additional taxes on the home sale is for withholding to be 110% of you 2023 taxes (I assuming your 2023 adjusted gross income was more than $150,000)
state laws may differ
May 19, 2024
2:02 PM