Question

I owed $6,500 on my 2021 taxes which I just paid. Am I required to pay estimated taxes in 2022 for the 2022 tax year?

Forum|Forum|4 years ago
March 14, 2022
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TurboTax Deluxe Online

Employee

If you expect to owe at least $1000 next year at tax filing time, you can use the 1040ES forms to send in estimated quarterly payments to avoid an underpayment penalty next year. But you are not required to do so.

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