1. Do I need to make estimated payments?
You are required to make estimated payments if:
You expect to owe more than $100 when you file your City Income Tax Return
Your withholding is less than 70% of your total 2022 or 2021 tax (whichever is lower)
Underpayment or failure to make estimated tax payments may result in penalty and interest charges.
For more information (including payment due dates and instructions for calculations) view form 5123, 2022 City Estimated Income Tax for Individuals instructions.