Question
Do I still need to pay state Individual Estimated income tax payment ?
Since my annual gross earning has meet the threshold of estimated income tax payment, I am required to pay estimated tax. When I use the worksheet to figure out how much I should pay, I found that my W-2 state tax withholding is more than the 100% of 2020yr balance of tax, which is the total taxes taken off tax credits in 2020 yr, but smaller than the 90% of 2021 yr estimated balance of tax, which is the total taxes taken off 2021 estimated tax credits. I wonder if I still need to pay estimated tax in 2021. Thank you.
