Estimated tax payments after filing on late deadline
So I recent filed my taxes with TurboTax on the Oct late deadline after getting an extension. After filing I recieved instructions for estimated tax payments starting 2023 Q1. At this point I'm already 3 quarters behind on the payments. What should I do? Would I be penalized even though I just got the payment instructions?
From what I understand the estimated payments are based on my 2022. If im expecting lower AGI in 2023, is the estimated payments still necessary or can try to recalculate a lower amount?
Posted Nov 2, 2023, 1:25 AM UTC
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