![]() Unless your taxable income or withholding changes significantly this year, you will only owe the difference or get a refund at tax time. As noted in the previous responses, TurboTax or other tax software will help with these calculations. ![]() ![]() It is generally easy to avoid paying a penalty - just make sure your withholding plus estimated taxes >= your prior year's tax due. I cannot give tax advice and your situation may be different, but as explained here There are two issues with estimated tax payments: paying enough so you don't owe a penalty at tax time and not paying so much that you are making a big interest-free loan to the IRS. Quarterly tax payments are a must and I cannot for the life of me predict, using Q 2017 H&B on how much I might need to pay.
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