The quarterly estimated payments are suggested payments for Tax Year 2023 based on your 2022 Tax Return. The quarterly payments are paid In April, June, and September in 2023, and the last and fourth quarterly payment is paid in January 2024.
If you’re at risk for an underpayment penalty next year, we'll automatically calculate quarterly estimated tax payments and prepare vouchers (Form 1040-ES) for you to print. You're not required to make estimated tax payments; we're just suggesting it based on the info in your return. If you feel they're not needed for next year's taxes, you can shred them.
Please see additional information about paying the estimated payments in this TurboTax Help article.
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