Hello - Subject - Question about estimated payments for 2019 My tax return printout shows I should pay estimated taxes for 2019 in 4 equal installments. Should I pay?

[rajeevd5142]

Am I liable to pay estimated taxes?

[MichaelL1]

If you will owe more than $1,000 in additional taxes you should 1) make the estimates or 2) increase the taxes withheld though another source of income (W-2, 1099"s etc.).

[rajeevd5142]

Thanks for your prompt response! I actually lowered the number of allowances I am claiming on W4 from 5 to 3. Do I still need to make estimated payments in 2019?