- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Appreciate this thread. Oddly, we got the vouchers this year when we haven't had them show up in years past.
According to the linked TT info:
"We'll automatically include four quarterly 1040-ES vouchers with your printout if you didn't withhold or pay enough tax this year. We do this to head off a possible underpayment penalty on next year's taxes."
That's not everyone! Plus, our tax situation is virtually the same as last year when we didn't get them. We are due a substantial refund -- because we had more than enough money withheld to cover taxes owed. So, by the blurb above, we shouldn't be seeing the vouchers at all.
Of course, adding to the confusion, the ES vouchers are stamped with "DO NOT FILE FORM NOT FINAL". From another post, I understand that's because the IRS hasn't finalized the vouchers for 2024. However, to the uninitiated, that's an alarming statement. There we were reviewing our printout before e-filing and 4 pages in a row were warning us: "DO NOT FILE"!
Intuit needs to change the language. The top of the form could explain what they are (advanced payments of next year's taxes), that everyone gets the vouchers (if that is, indeed, true), that they are not submitted with people's current year's tax forms, and that they are only applicable if required by the federal government (e.g., due to owing excessive taxes) or one wishes to pay taxes on a quarterly basis.