TurboTax is printing vouchers for 2017 in excess of what I owe for 2016. I only owed $880 for 2016, but TT is printing 4 vouchers at $738. Why?

rmprag · ‎June 5, 2019

Turbo Tax Premier 2016

Kat · ‎June 5, 2019

TurboTax offers those vouchers as a "suggestion" for filing estimated tax payments for 2017. TT calculates those payments based on the safe-harbor rule, which ensures that you won't underpay.

If you know that you don't need to submit estimated quarterly tax payments, just disregard those vouchers. More info below:

https://ttlc.intuit.com/replies/3301872

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***

View solution in original post

Kat · ‎June 5, 2019

TurboTax offers those vouchers as a "suggestion" for filing estimated tax payments for 2017. TT calculates those payments based on the safe-harbor rule, which ensures that you won't underpay.

If you know that you don't need to submit estimated quarterly tax payments, just disregard those vouchers. More info below:

https://ttlc.intuit.com/replies/3301872

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***

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TurboTax is printing vouchers for 2017 in excess of what I owe for 2016. I only owed $880 for 2016, but TT is printing 4 vouchers at $738. Why?