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tamiahope
Returning Member

Why am I supposed to now prepay taxes for 2018 even though I am getting a refund?

I still don't understand why Turbo Tax is recommending that I now submit a quarterly payments towards my income tax that will be owed in 2018?

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1 Best answer

Accepted Solutions
JulieCo
New Member

Why am I supposed to now prepay taxes for 2018 even though I am getting a refund?

Here is some more information for you regarding that situation.  But know that estimated tax payments are not required, but are recommended to prevent underpayment penalties of taxes for 2018.

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

https://ttlc.intuit.com/replies/3301891

https://ttlc.intuit.com/replies/4242891

View solution in original post

1 Reply
JulieCo
New Member

Why am I supposed to now prepay taxes for 2018 even though I am getting a refund?

Here is some more information for you regarding that situation.  But know that estimated tax payments are not required, but are recommended to prevent underpayment penalties of taxes for 2018.

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

https://ttlc.intuit.com/replies/3301891

https://ttlc.intuit.com/replies/4242891

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