Estimated Taxes and TurboTax 2025 Desktop Home and Business Edition

[davis_mc]

Hi,

I have a question and hopefully somebody can help me. I am self-employed and I pay me federal taxes through the EFTPS Online. I do the quarterly taxes but I also do every I get paid as my business I will pay into it as well. So, that would be like 2 twice a month. Now, Turbo Tax has an "Addition Payments" button where one can add in the date and the amount and it adds to the total taxes paid.  In TurboTax 2024, I did that and it appropriately calculated everything. However, in this TurboTax 2025, again, example of 2 payments a month starting in January when I hit August it seems to stop adding the total taxes paid. From August to the end of the year it's a chunk of payments of about $6000 that I paid in but TurboTax isn't so that approx $6000 is not being taken in for the total estimated taxes paid. 

Again, it worked last year but it does not appear to work completely now. Does anybody have any idea what is going on and/or how this should be addressed/resolved?

[rjs · Accepted solution]

There seems to now be a limit on the number of estimated tax payments you can enter. You can add together all of the payments in a quarter and enter the total as if it was one payment. The IRS calculation of whether you paid enough estimated tax does not look at all the individual payments. It only looks at the total that you paid in each quarter.

[davis_mc]

That's a bit interesting though because there is no indication of a limit. Again, as mentioned in did this

also in 2024. It does actually show in my IRS transcript. 

But I can totally it up quarter and add to the existing quarterly payments I do? So basically just 

total all the monthly payments up by quarter and lisf it? That will be acceptable?

[rjs]

Yes, that will be acceptable.

[davis_mc]

Thanks