turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
ddaven12
New Member

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

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.

View solution in original post

5 Replies
ddaven12
New Member

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

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.

Froelbo
New Member

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

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

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

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

Froelbo
New Member

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

Great thank you

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

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

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies