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Level 1
January 15, 2023
Question

2022 1040ES paid in 2023

  • January 15, 2023
  • 2 replies
  • 33 views

First year paying estimated tax. Is the 2023 payment for 2022 tax year claimed on 2022 or 2023 return?

2 replies

DoninGA
Level 15
Level 15
January 15, 2023

If you paid estimated taxes after January 18, 2022 and on or before January 17, 2023 those estimated tax payment are entered on your 2022 tax return.

Level 3
January 15, 2023

Generally, estimated tax payments made before 1/17/23 would be accounted for on your 2022 return. That would definitely be the case if you mailed in the payment with a voucher labeled 2022 in large print.

BUT, if you made that payment to the IRS online and indicated that the payment was to be applied to your 2023 taxes, then you would account for that payment on your 2023 return. And yes, you would then be short one estimated payment for your 2022 taxes.