It depends. Are you going to have more income than last year?
Did you walk through the steps to determine what your estimated taxes will be for next year? If not, then you should to make that number more accurate.
Technically, as long as you pay 100% of your previous years (2024) taxes in 2025, you would be exempt from the underpayment penalty, although you would have to include form 2210 with your 2025 return. If you make more than $150,000 or $75,000 if you are married filing separately, then you would need to pay 110% of your 2024 tax liability.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
