You must make estimated tax payments for the current tax year if both of the following apply:
●You expect to owe at least $1,000 in tax for the current tax year after subtracting your
withholding and refundable credits.
●You expect your withholding and refundable credits to be less than the smaller of:
○90% of the tax to be shown on your current year’s tax return, or
○100% of the tax shown on your prior year’s tax return.