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Deductions & credits
With a sharp decrease in AGI in 2021, the first three ES 1040 payments this year, which were based on taxes paid in 2020 , are more than double my 2021 tax liability. I cannot imagine that I would be subject to any penalties. It's logical not to send another payment (V4) but it is unsettling nonetheless.
‎January 8, 2022
11:32 AM