Re: Question regarding Quarterly estimated taxes (yes, I do pay them)
Your estimates don't have to be equal, but typically, they are. For those with escalating income year over year, estimates are paid in using 110% of the prior year income tax liability. As long as you pay this amount, I believe you can avoid paying penalties for underpayment of your tax liability.
Go ahead and make a larger payment. This will help mitigate the penalties somewhat.
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