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Why is TurboTax telling me to make estimated tax payments in 2018, when I am getting a refund for my 2017 taxes? Do I still need to prepay taxes if I am due a refund?
TurboTax is recommending I make estimated tax payments in 2018. When I decline this, it then asks "Are you SURE you do not want to prepare estimated taxes for 2018?" and tells me that my tax situation suggests that I should and if I do not, I may owe an underpayment penalty.
However, TurboTax has also calculated that I am due a federal refund. Why would I need to pay estimated taxes in 2018, if I've actually overpaid in 2017? What is the logic?
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‎June 6, 2019
10:32 AM