Hi @NatashaFH ,
Thanks so much for your feedback 🙂
If your new estimates show that your tax liability for the entire year is only $7500, and you have already paid in $8000, no need to make any additional payments for Q3 or Q4. No penalty will apply since your Q1 and Q2 payments were sufficient to cover any tax liability for the year.
If you happen to have a windfall during Q3 or Q4, just be sure to recalculate tax liability and pay accordingly. Otherwise, grab a cup of chamomile tea and snuggle up in a blanket, you are good for the rest of the year!
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