Yes. There are several ways to do this. You can either directly decrease the payments online at eftps.gov (no voucher needed); change the vouchers you printed manually; print vouchers and fill in as desired from the IRS 1040-ES; or update in TurboTax and reprint.
Here is how to update in TurboTax Online:
- Navigate to Federal Taxes > Other Tax Situations
- Go to Other Tax Forms
- Start or Revisit Form W-4 and Estimated Taxes
- Continue past the W-4 section to get the estimated tax section, Estimated Taxes for 2025
- You will be asked if you want to adjust your income or deductions, answer yes, and manipulate the answers to decrease your tax (in other words, estimate down income and/or up expenses)
