Market moves one way or the other does not affect or interest
us in any way as we have just Cash accounts with brokerage
and the $2,500 is just simple interest (no bonds, no stocks)
Should interest rates goback down to zero, no issues with that.
For 2023 (to be filed in 2024), the 12% top is $89,450
Taxed as $2,200 plus 12% of the amount over $22,000
89,450-22,000 = 67,450 * 0.12 = $10,294 tax owed
Ok to make one IRS 1040ES payment 12/2023 via EFTPS
or should it be made in quarterly payments or even early 2024?
In case it matters, have not made any IRS tax payments for
over a decade due to too small of income and kept it
that way deliberately to get maximum ACA subsidy before
moving over to Medicare.