Do I have to pay estimated quarterly taxes for 2024 if the payment coupons were generated with my 2023 taxes?

[terahorton]

I made a withdrawal from my 401k because I was out of work which increased my earnings. I have returned  to work and this will not be an issue in 2024

[xmasbaby0]

You are not required to use the 1040ES vouchers or make estimated quarterly payments.  Use of those vouchers is optional.    If you expect to owe more than $1000 at tax time next year, using those vouchers can help you avoid an underpayment penalty or a big tax bill.  The IRS is not aware that you have them nor is the IRS requiring you to use them.

[Mike9241]

additional rules if you are not going to pay estimates to avoid underpayment of estimated tax penalties

1) withholding must equal or exceed 90% of your 2024 tax. if you owe less than $1000 this rule is waived

or

2) withholding must equal or exceed 100% of 2023 tax or 110% if your 2023 AGI was over $150K. this rule is also waived if you owe less than $1000.