dlflpf
New Member

We had a one time extra income event in 2017 and it caused our 2018 quarterly estimates to increase by $1,408.00. Can this be reduced?

 
Anita01
New Member

Get your taxes done using TurboTax

Yes, as you go through the estimated tax interview under Other Tax Situations, you will be asked to enter the expected 2018 income and that will be used as the basis for your vouchers

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dlflpf
New Member

Get your taxes done using TurboTax

Answer did not help. Since I have completed my taxes, am I able to reprint the 4 ES vouchers to reduce the amount since our 2018 income will be much less than 2017?
dlflpf
New Member

Get your taxes done using TurboTax

I am signing off and will watch for your response.
Anita01
New Member

Get your taxes done using TurboTax

Here are the instructions for printing your vouchers.  I do, however, highly recommend you go back through the interview to make changes in your inputs that will result in new voucher amounts when you print them.  These estimated payment amounts, while not being filed anywhere in the current year, do carry over to the next year's file, so , if you use the program to change the amounts, you won't have to worry about incorrect amounts carrying over to next year.  If you just print the existing vouchers and manually make changes to them, while fine fine with the IRS,  it would then require that you remember to change amounts in the program before preparing your 201 taxes.

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