turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Can you help determine if I elect to treat the tax withheld as paid when it is actually withheld? Not understanding

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
DavidD66
Expert Alumni

Can you help determine if I elect to treat the tax withheld as paid when it is actually withheld? Not understanding

The IRS considers income and tax withheld and reported on a W-2 to have occurred equally throughout the year.  Unless you have a penalty for under payment of estimated tax and your income was uneven throughout the year, you don't want to make that election.  It lets you enter your tax when it was actually paid instead of equally throughout the year.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question