Individuals generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed. If you filed a 2023 tax return in TurboTax and owed over $1,000, the software will generate estimated quarterly tax vouchers to help pay in during the year so you don't owe as much at tax time next year.
Keep in mind that you may be subject to IRS interest and penalties if you owe over $1,000 at tax time.
If you really don't want to make estimated tax payments, and you have income from a W2 job and/or retirement plan income, you may be able to increase the withholdings on that income to cover your tax liability, and therefore not be subject to quarterly taxes.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
