Estimated tax payments for 2023 must I pay or can I just adjust my W-4 for the 2024 year to cover the amount owed?
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The estimated tax forms 1040-ES for tax year 2024 are for your use only. They are not reported to the IRS unless you use them and mail a payment the the form to the IRS. Adjusting your W-4 would be a very good solution.
Thank you!. So I do NOT have to pay the estimated tax, I can just adjust my W-4 for 2024, correct?
@Cgdee wrote:
Thank you!. So I do NOT have to pay the estimated tax, I can just adjust my W-4 for 2024, correct?
That is correct.
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