To the extent one can, ALWAYS structure to have to send in a check.
Words to live by.
[Not my case this year, because reasons, but perhaps next year...]
You can but you better keep an eye on when they raise things. For 2023 we had to pay over $1000 because of increases. Not a problem for us because we save it during the year. We were warned by the tax preparer that we could be fined for owing over $1000. They call it a failure to properly estimate tax fine. We have had the same amount withheld since hubby retired. That $1000 used to cover state and fed. We don’t have to pay state anymore but are paying a significant amount more to the feds. Have been trying to increase withholding since February with no luck.
for several years now, i’ve withheld nothing and paid the minuscule fine ... investment of the money not withheld at 5% paid for the fine ... new strategy this year: make annual IRA withdrawal a couple of days before the end of the year and withhold most of what i’ll owe at that time, that way i can have my cake and eat it too ...