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Level 1
June 3, 2019
Question

If I made an estimated payment for my 2018 taxes, will Turbo Tax automatically take that into consideration?

  • June 3, 2019
  • 1 reply
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    1 reply

    DoninGA
    Level 15
    Level 15
    June 3, 2019

    You must enter the amounts and dates the estimated taxes were paid so that it can be added as tax payment on your tax return.

    To enter, edit or delete estimated taxes paid (Federal, State, Local) - 

    • Click on Federal Taxes (Personal using Home and Business)
    • Click on Deductions and Credits
    • Click on I'll choose what I work on (if shown)
    • Scroll down to Estimates and Other Taxes Paid
    • On Estimates, click on the start or update button

    Or enter estimates paid in the Search box located in the upper right of the online program screen.  Click on Jump to estimates paid

    Or click on Tax Tools on the left side of the screen.

    • Click on Tools
    • Click on Topic Search
    • Type in estimated tax payments, click on GO

    Federal estimated taxes paid are entered on Form 1040 Schedule 5 Line 66.  The totals for Schedule 5 flow to Form 1040 Line 17 Federal credits