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New Member
posted Jun 4, 2019 1:25:15 PM

If I am getting a refund. Why do I receive 4 vouchers to pay the IRS?

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1 Best answer
New Member
Jun 4, 2019 1:25:16 PM

We'll automatically include 4 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.

5 Replies
New Member
Jun 4, 2019 1:25:16 PM

We'll automatically include 4 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.

New Member
Mar 7, 2021 5:31:36 PM

Will I still recieve  my refund? I’ve never in the past had these vouchers before 

Level 1
Mar 7, 2021 5:49:48 PM

Yes, you will get a refund if it was correctly calculated on your tax return. 

New Member
Mar 7, 2021 6:07:21 PM

Great thank you

Level 15
Mar 7, 2021 6:09:38 PM

If you are receiving a refund or low tax due and TurboTax prepared the vouchers then your tax liability was probably reduced by credits.