Lantz
New Member

After you file

Your reply referenced the following paragraphs:

 

“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.

You may get these vouchers if you're self-employed or had an uncharacteristic spike in your income this year. For example, you sold stock or took a large distribution from your retirement plan.

You're not required to make estimated tax payments; we're just suggesting it based on the info in your return. If you feel they're not needed for next year's taxes, you can shred them.”

 

This reply does not answer my question because:

 

1. I am receiving refunds for both Federal and State income tax for 2019.

2. I am not self employed, I am retired.

3. My Gross income dropped from last year.

 

The only thing different about the year 2019 is that I began to draw Social Security in April. Since Social Security doesn’t withhold MN State Income Tax, I set up quarterly, automated estimated MN income tax payments. When using 2019 TurboTax Deluxe, it asked if I had made any estimated tax payments. I responded yes and then filled in dates and amounts for the two I had made in 2019. So, is this what caused the generation of Federal vouchers? Should I disregard them?