1040-ES safe harbor
IRC 6654 lets you avoid an underpayment penalty by paying 100% of last year’s tax (110% if prior-year AGI was over $150,000), minus withholding.
quarterly = max(0, prior-year tax × rate − withholding) / 4
Example: $10,000 prior tax, $6,000 withholding → $1,000 per quarter. If AGI was over $150,000: $11,000 − $6,000 = $5,000 → $1,250 per quarter.
Related: paycheck take-home, federal withholding.