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swlee99
Returning Member

e-file with payment with checking account

I chose to pay my tax with checking account, and provided routing number, checking account number, and date to debit the amount, why in the pdf tax return form, I still see 4 payment vouchers??

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2 Replies
DaveF1006
Expert Alumni

e-file with payment with checking account

The program will automatically generate 4 payment vouchers because you are expected to pay estimated taxes this year if your tax due is more than $1000.

 

You can choose not to send in the estimated tax payments but you may be assessed an estimated tax penalty next year if you send in these payment vouchers. The estimated tax penalty is usually minimal though if this is the case.

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e-file with payment with checking account

The 1040ES are estimates for next year. The 1040ES quarterly estimated tax payments DO NOT get sent to the IRS or state with your return. They are optional to pay. Turbo Tax is very conservative and doesn't want you to owe too much next year. They might have printed out if you got a one time large income this year. Like if you took a IRA or 401K distribution. You can ignore them. You might want to adjust your withholding at work so you won't owe too much next year.

 

Your tax due is a Single 1040 V voucher unless you entered your bank account for the IRS to pull it out.

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