Hello @NatashaFH !
You are correct in that you do not need to make the estimated payments that were calculated on your prior year's income if your income has significantly reduced.
You did not specify if your income includes both W2 and 1099 income, but this 2023 Tax Calculator tool should give you an idea of what your tax liability will be for 2024 (not much of a change between 2023 and 2024 tax law): 2023 Tax Calculator
This tool enables you to enter all of your income, both W2 and 1099, to give you an estimate of what you will owe. You can then adjust your quarterly payments to reflect your new tax liability, rather than overpaying on your prior year liability amount.
Better to adjust the quarterly payment amount rather than skipping a payment altogether, as you still may be hit with an underpayment penalty for a particular quarter even if you receive a refund. The penalty calculation is not a simple answer, because after all we are talking about the IRS. Here is a link that helps to explain how penalties are calculated on individual estimated payments: Underpayment of Estimated Tax by Individuals Penalty
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