https://ttlc.intuit.com/community/taxes/discussion/re-quarterly-payments/01/3370888#M1241157 <P>and to be sure "tax" is correctly defined, please look at line 24 of Form 1040 from 2023.&nbsp;</P> Fri, 21 Jun 2024 21:22:10 GMT NCperson 2024-06-21T21:22:10Z https://ttlc.intuit.com/community/taxes/discussion/quarterly-payments/01/3370870#M1241153 <P>If my 2023 tax was $20,000 but my 2024 tax will be $40,000 will I meet all requirements and not get penalized if I pay four equal quarterly payments of $5,500?</P> Wed, 11 Feb 2026 09:55:00 GMT https://ttlc.intuit.com/community/taxes/discussion/quarterly-payments/01/3370870#M1241153 LLSPA 2026-02-11T09:55:00Z https://ttlc.intuit.com/community/taxes/discussion/re-quarterly-payments/01/3370876#M1241155 <P><SPAN>Individuals whose AGI for the preceding taxable year exceeds $150,000 must pay the lesser of 90% of the tax due for the current year or 110% of the tax on the individual’s return for the prior taxable year</SPAN></P> Fri, 21 Jun 2024 20:10:27 GMT https://ttlc.intuit.com/community/taxes/discussion/re-quarterly-payments/01/3370876#M1241155 Bsch4477 2024-06-21T20:10:27Z https://ttlc.intuit.com/community/taxes/discussion/re-quarterly-payments/01/3370888#M1241157 <P>and to be sure "tax" is correctly defined, please look at line 24 of Form 1040 from 2023.&nbsp;</P> Fri, 21 Jun 2024 21:22:10 GMT https://ttlc.intuit.com/community/taxes/discussion/re-quarterly-payments/01/3370888#M1241157 NCperson 2024-06-21T21:22:10Z