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How to prepay tax for 2023

Hi,
I am filling the tax returns for 2023 and i realize that i have about 2200 federal tax to pay. My brokerage statement would arrive only by March. Should i pay this amount now? If yes, which category should i choose on the IRS payment website? Is it balance? With estimated tax, it gives me 2024 as the only choice for the year.
thanks
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1 Reply
KrisD15
Expert Alumni

How to prepay tax for 2023

No, there is no reason to pay now rather than wait for your tax documents, file, and pay by April 15th, 2024.

If you are subject to a underpayment penalty, paying now or by April 15th will not matter. 

January 15th was the cutoff for a prior year estimated tax payment.

 

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