Question

Should I make estimated payments if my tax situation is different this year and will have less owed than last year?

Forum|Forum|3 years ago
July 12, 2022
1 reply
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We filed married and claimed 0 and didn’t have enough taken out and we believe we have that resolved, do we still need to make estimated payments

TurboTax Online

Critter-3

Short answer : NO ... they are optional if needed and not a requirement.

R

ryanhudsondAuthor

Okay so more so, hey I don’t think I’ll be able to withhold enough from my checks this year, I can make an estimated payment to cover it. Rather then…. You need to make these estimated payments no matter what because you owed last year. You can get penalized if you do underpay by the end of the year right?