Estimated quarterly taxes as a 1099 - no income coming in q4

[nala999]

I am working as a sole proprietor 1099 this year and  paid 3 estimated quarterly tax payments of the same amount. I am going to make almost nothing in quarter 4 it turns out so I have likely overpaid on my estimated taxes already. Do I still match the amount again as I did for payments 1-3  when I pay the 4th estimated payment or pay a smaller amount only based on q4 earnings?

[KarenJB]

You will avoid an underpayment of estimated taxes penalty when you file your 2024 return if any of the following are true:

-You owe $1,000 or less in tax liability when you file your return (that means your total tax liability less your estimated tax liability is $1,000 or less)

-You paid at least 90% of your tax liability for the current tax year in estimated tax payments.

-You paid 100% of your prior year tax liability in estimated tax payments.

If you don't anticipate making any additional income in the 4th quarter, you can take your total income for 2024 to date, subtract the 2024 standard deduction for your filing status ($14,600 for single filers, $29,200 for joint filers, and $21,900 for heads of household, or estimate your itemized deductions) to arrive at your taxable income. You can estimate your total taxes due with our tax calculator.

Thank you so much for your question!