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After you file
"income tax withholding and refundable credits will be at least 100% of the tax"
This rule applies to withholding only, not estimated tax payments.
Your action is sufficient if your 2024 AGI was below $150,000. Otherwise the prior years tax must be multipled by 1.10 (110%)
"satisfy the IRS rule that estimates are not required if you have paid in 100% of your 2024 tax."
Unfortunately, this is not the whole story.
‎April 15, 2025
5:23 PM
1,611 Views