My turbotax federal tax return has no suggestion for whether I have to pay 2020 estimated tax installments. I did last year but how can I be sure for 2020?

Forum|Forum|6 years ago
March 23, 2020
2 replies
26 views

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TurboTax Deluxe Online

Best answer by JotikaT2

It depends.

TurboTax will automatically generate the estimated tax vouchers if you may be at risk for underpayment next year.

Do I need to make estimated tax payments

You can also go into the program and enter your expected information for 2020 and the program will generate your estimates if needed.

Go to the federal interview section.

Select Other Tax Situations
Select Other Tax Forms
Select Form W-4 and Estimated Taxes
Proceed to answer the questions as applicable
Based upon your answers, the program will determine you need to make any additional estimated tax payments or not

JotikaT2

Answer

Employee Tax Expert

It depends.

TurboTax will automatically generate the estimated tax vouchers if you may be at risk for underpayment next year.

Do I need to make estimated tax payments

You can also go into the program and enter your expected information for 2020 and the program will generate your estimates if needed.

Go to the federal interview section.

Select Other Tax Situations
Select Other Tax Forms
Select Form W-4 and Estimated Taxes
Proceed to answer the questions as applicable
Based upon your answers, the program will determine you need to make any additional estimated tax payments or not

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brwaldickAuthor

Level 2

Thank you. I was able to confirm that I do not have to make any estimated tax payments for 2020. TurboTax should consider adding a comment in their cover comments to the return that no estimated taxes are due for next year if you have paid estimated taxes in the year filed.

LeonardS

Level 14

You are welcome. Your comments have been forwarded.

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LISADEMARCO6425

Level 2

Why is there absolutely no way to pay my 2020 estimated quarterly taxes (as an independent contractor)? Super frustrating that there isn't any option anywhere on TT's site...