Hello,
Estimated quarterly taxes are for anyone that would have a balance due after withholding is taken into account.
You may have had low withholding, rental or self employed income or investment income that causes the balance due. You can also receive a penalty for having a balance due and not paying estimated payments.
Since you are paid on a w-2 you can increase you federal tax withholding or pay estimates to avoid a balance due and possible penalties.
Here is an article on how and when to pay estimated taxes https://turbotax.intuit.com/tax-tips/small-business-taxes/estimated-taxes-how-to-determine-what-to-p...
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
