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cindyjsmith17
March 19, 2025
Question

How do I annotate that income for 2024 was an anomaly. I pulled money out of my TSP for home repairs. Now expecting me to make qrtly paymt to state based on this year.

  • March 19, 2025
  • 2 replies
  • 0 views
2025 will be my normal income so should not be any underpayment to State like 2024.

    2 replies

    VolvoGirl
    VolvoGirl
    Employee
    March 19, 2025

    You can ignore those and shred them.  They are optional to pay.  They don't get sent with your return and the IRS or state won't be expecting them.  

    M
    MinhT1
    March 19, 2025

    Estimated tax payments are not mandatory.

     

    If you do not expect a one-off income in 2025 like you had in 2024 and you think that withholding taxes for your other income are sufficient, then you do not need to pay estimated taxes.

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