Eliminate estimated payments

Forum|Forum|2 years ago
February 27, 2024
8 replies
41 views

We have been making estimated payments for the last couple of years because of the Covid distribution we took. My husband retired at the end of the year (2023) our income will be reduced. We were entitled to a substantial refund for 2023 so we did not intend to continue making estimated payments.
Our refund was just direct deposited, but they have deducted the first estimated payment for 2024 from the refund.

How does one opt out of estimated payments?

ee-ea

Alumni - Champ

You opt out by placing the vouchers in a wastebasket.

Cynthiad66

Level 14

If you have automatic payments setup with the IRS, call IRS e-file Payment Services 24/7 at 888-353-4537 to inquire about or cancel your payment, but please wait 7 to 10 days after your return was accepted before calling. Cancellation requests must be received no later than 11:59 p.m. ET two business days prior to the scheduled payment date.

@Boga415

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

Boga415Author

Level 4

Thank you. We’ve been using the vouchers. They just took this first payment automatically out of the refund. Can we use that number to change the amount of the estimated payments?