I completed my taxes through turbotax last night and submitted with my bank account info to pay my remaining tax balance in full electronically.
Today I went to print my returns and the first 4 pages of my return are all the same. it's a little box at the bottom telling me to detach here and mail your payment. rhe box states it is a 2020 Form 1040-ES payment voucher and their each labeled 1-4 with the IRS address in Louisville. There is an amount listed that does not match what I am paying in taxes or the 4 added up do not match what I am paying electronically either. the box next to the amount sates "amount of estimated tax you are paying by check or money order"
This is something that I need to worry about? I just wasnt expecting and the amount seems random and does not equal what I ow .
Why did 1040-ES estimated tax vouchers print out? Do I need them?
TurboTax automatically includes four quarterly 1040-ES vouchers with your printout if you didn't withhold or pay enough tax this year. We do this to head off a possible underpayment penalty on next year's taxes.
You may get these vouchers if you're self-employed or had an uncharacteristic spike in your income this year. For example, you sold stock or took a large distribution from your retirement plan.
You're not required to make estimated tax payments; we're just suggesting it based on the info in your return. If you feel they're not needed for next year's taxes, you can shred them.
-------------------------
Do I need to make estimated tax payments to the IRS?