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Level 3
posted Feb 10, 2025 10:33:49 AM

i paid an early payment of 2024 income taxes in 2025 before the April 2025 due date. how do i write it in form 1040. and then pay the left over?

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1 Best answer
Expert Alumni
Feb 10, 2025 10:47:43 AM

You enter your estimated tax payment in the Deductions and Credits Section, then Estimates and Other Taxes Paid, and then Estimates. Choose the type of estimated tax you made from the drop down list:

 

 

When you are done with your tax entries, use the file routine in TurboTax and you will be presented with ways to pay your tax due, either online when you submit your tax return or by mailing in a voucher and payment.

7 Replies
Expert Alumni
Feb 10, 2025 10:47:43 AM

You enter your estimated tax payment in the Deductions and Credits Section, then Estimates and Other Taxes Paid, and then Estimates. Choose the type of estimated tax you made from the drop down list:

 

 

When you are done with your tax entries, use the file routine in TurboTax and you will be presented with ways to pay your tax due, either online when you submit your tax return or by mailing in a voucher and payment.

Level 3
Feb 10, 2025 10:59:43 AM

What if the early payment was only on  Feb 10, 2025 for 2024 income taxes?

 

Level 15
Feb 10, 2025 11:02:27 AM


@geraldshiuelds11 wrote:

What if the early payment was only on  Feb 10, 2025 for 2024 income taxes?

 


A estimated tax payment on 02/10/2025 would be for tax year 2025, not for tax year 2024.  The last date to pay estimated taxes for 2024 was on 01/15/2025.

Level 3
Feb 10, 2025 11:13:02 AM

It is not an estimated tax payment. Example: I want to pay some amount on February 10, 2025, using the IRS account payment function for a partial payment. Then, when I actually file I want to pay a second amount using Turbotax. So I have an early payment on February 10, then, on April 10, 2025, send the remainder. Before turbotax, there was a line on the paper forms for other additional payments.

Level 15
Feb 10, 2025 11:16:19 AM


@geraldshiuelds11 wrote:

It is not an estimated tax payment. Example: I want to pay some amount on February 10, 2025, using the IRS account payment function for a partial payment. Then, when I actually file I want to pay a second amount using Turbotax. So I have an early payment on February 10, then, on April 10, 2025, send the remainder. Before turbotax, there was a line on the paper forms for other additional payments.


Oh...In that case when using the IRS payment website for Direct Pay, choose Balance Due, Income Tax - Form 1040 and 2024 - https://www.irs.gov/payments

Level 15
Feb 10, 2025 11:20:11 AM

I think you don't actually enter it into Turbo Tax or your return.  Just mentally subtract it from the tax due when you pay the remaining amount due.  And don't enter your bank account for the IRS to debit your account.  Say you will mail a check.  Then pay the second part online at the IRS again or mail a check.  

Level 3
Feb 10, 2025 11:23:03 AM

Thank you.

🙂