2024 Estimated Tax Worksheet Line 4. Once you file the form. Will you owe $1000 or more for 2024 after subtracting income tax withholding and refundable credits (see footnote 1) from your total tax?
Use the estimated tax worksheet to calculate your estimated tax for the next tax year and set up the electronic withdrawal of estimated tax payments. In most cases, you must pay estimated tax for 2024 if both of the following apply: