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Level 1
December 13, 2022
Question

Do I have to pay the 4'th quarter of estimated taxes for 2022 if I know I have already paid much more than I will owe?

  • December 13, 2022
  • 2 replies
  • 14 views
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2 replies

DoninGA
Level 15
Level 15
December 13, 2022

No, the 4th quarter estimated tax payment is not required if you know that your prior 2022 estimated tax payments will satisfy your 2022 tax liability.

Critter-3
Level 15
December 14, 2022

Correct ... estimates are voluntary not mandatory and when you filed your return no information on possible estimated payments to be made was ever sent to the IRS.