Investors & landlords

What is your 2023 tax ? Do you have withholding?

If your total 2024 withholding alone is 100 % of that amount ( x 1.10 if your 2023 AGI is over $150,000),

or 90% of the 2024 tax, you can avoid any penalty  in 2024.

(in case of a windfall, the 90% level is unlikely to be met, unless extraordinary action is taken).

 

You don't need to make estimated tax payments.

@gsu13