ThomasM125
Employee Tax Expert

Get your taxes done using TurboTax

The estimated tax payments may have been scheduled if you owe more than $1,000 in tax, as mentioned by @Eckythump. That is the threshold under which you won't likely get a penalty for late payment of tax. You are not required to make the payments, but if you don't make them you may be penalized for late payment of tax. The general rule is you need to pay in 100% of the tax on your previous year tax return or 90% of the tax for the current tax year on a quarterly basis. If you think you have enough tax paid in from withholdings, you don't need to make the estimated tax payments. You can see your previous year federal tax amount on line 24 of your form 1040. You can subtract the credits on lines 27 through 29 if they apply to you.

 

To view your form 1040 and schedule 1 to 3:

 

  1. Choose Tax Tools from your left menu bar in TurboTax Online
  2. Choose Tools
  3. Choose View Tax Summary
  4. See the Preview my 1040 option in the left menu bar and click on it
  5. Choose the Back option in the left menu bar when you are done 
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