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Behabbott
New Member

My Fed estimated voucher had no #1 and #2 was for twice. as much. Why?

 
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8 Replies

My Fed estimated voucher had no #1 and #2 was for twice. as much. Why?

We'd love to help you complete your tax return, but need more information. Can you please clarify your question?

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Behabbott
New Member

My Fed estimated voucher had no #1 and #2 was for twice. as much. Why?

My taxes are done and accepted but my 2025 estimated tax vouchers did not print correctly. I have tried printing them but they are still wrong. Why?

My Fed estimated voucher had no #1 and #2 was for twice. as much. Why?

Did you apply some or all of a refund to next year?  

Behabbott
New Member

My Fed estimated voucher had no #1 and #2 was for twice. as much. Why?

No. I paid 2024 amount not covered by estimated taxes.

My Fed estimated voucher had no #1 and #2 was for twice. as much. Why?

If you apply to next year amount from your refund, that becomes Est. Payment No.1.

 

My Fed estimated voucher had no #1 and #2 was for twice. as much. Why?

The vouchers are TurboTax's estimate. which evidently don't make sense to you.

 

IRS requires you to estimate your total tax for the year and pay as you go.

 

you can base your estimate on prior year's tax , or 90% of this year's tax, whichever is smaller.
each quarter your estimated tax paid and withheld must be at least 25% of the estimate, even if your income is uneven, this is the simplified method.
if your estimate is based on this year's tax and turns out to be wrong you may be penalized.
you can compensate by overestimating.
if your estimate is based on prior year's tax, you know that when you file by April 15, which is also the first estimated tax payment due date. How convenient.

 

Behabbott
New Member

My Fed estimated voucher had no #1 and #2 was for twice. as much. Why?

I did NOT have a refund and none of your answers addressed why vouchers did. not print or printed incorrectly.

 

My Fed estimated voucher had no #1 and #2 was for twice. as much. Why?

If you are not happy with the vouchers, contact TurboTax Support.

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