topic Do I need to pay my final estimated federal tax payment (January 2023) if I am going to receive a refund on my 2022 taxes (we retired this year). in Get your taxes done using TurboTax

Do I need to pay my final estimated federal tax payment (January 2023) if I am going to receive a refund on my 2022 taxes (we retired this year).

jeffreyloftus — Tue, 10 Mar 2026 06:31:34 GMT

Re: Do I need to pay my final estimated federal tax payment (January 2023) if I am going to receive a refund on my 2022 taxes (we retired this year).

Anonymous_ — Wed, 12 Oct 2022 15:49:39 GMT

See https://www.irs.gov/payments/underpayment-of-estimated-tax-by-individuals-penalty

Avoid a Penalty

To avoid a penalty, pay your correct estimated taxes on time.

You may avoid the Underpayment of Estimated Tax by Individuals Penalty if:

Your filed tax return shows you owe less than $1,000 or
You paid at least 90% of the tax shown on the return for the taxable year or 100% of the tax shown on the return for the prior year, whichever amount is less.

Re: Do I need to pay my final estimated federal tax payment (January 2023) if I am going to receive a refund on my 2022 taxes (we retired this year).

VolvoGirl — Wed, 12 Oct 2022 15:55:35 GMT

No, if you are sure you don't need it. The estimates are optional to pay .

Re: Do I need to pay my final estimated federal tax payment (January 2023) if I am going to receive a refund on my 2022 taxes (we retired this year).

Rarichman2244 — Mon, 09 Jan 2023 15:09:04 GMT

I’m recent TurboTax estimate shows I overpaid my taxes for the year. And my estimates confirm it. Due to December stock loss harvest, I’ve paid well enough but not as much as last year. Do I still have to pay the 4Q payment?

Re: Do I need to pay my final estimated federal tax payment (January 2023) if I am going to receive a refund on my 2022 taxes (we retired this year).

DoninGA — Mon, 09 Jan 2023 15:11:24 GMT

@Rarichman2244 wrote:

I’m recent TurboTax estimate shows I overpaid my taxes for the year. And my estimates confirm it. Due to December stock loss harvest, I’ve paid well enough but not as much as last year. Do I still have to pay the 4Q payment?

Answered in your prior post for the same subject here - https://ttlc.intuit.com/community/taxes/discussion/4th-quarter-estimated-tax-payment/00/2812518

Re: Do I need to pay my final estimated federal tax payment (January 2023) if I am going to receive a refund on my 2022 taxes (we retired this year).

Rarichman2244 — Mon, 09 Jan 2023 15:12:46 GMT

Even if the total is less than last year’s taxes?

Re: Do I need to pay my final estimated federal tax payment (January 2023) if I am going to receive a refund on my 2022 taxes (we retired this year).

DoninGA — Mon, 09 Jan 2023 15:14:37 GMT

@Rarichman2244 wrote:

Even if the total is less than last year’s taxes?

Yes