topic How do i prepay my taxes? in Get your taxes done using TurboTax

How do i prepay my taxes?

thomadonschneekl — Mon, 23 Feb 2026 09:37:23 GMT

this year

Re: How do i prepay my taxes?

JohnW152 — Tue, 31 Jan 2023 16:44:22 GMT

If you’re asking how to make estimated tax payments for your tax year 2023 taxes, see the procedure below. Otherwise, please clarify.

Open up TurboTax Online and:

If you don’t see 2022 TAXES in the left pane, select the dropdown to the right of Income & Expenses on the Hi, let’s keep working on your taxes! page and then select Let’s get started, Pick up where you left off, or Review/Edit
Scroll down and select the Show more dropdown to the right of Other Business Situations
Select Start or Revisit to the right of Estimated Tax Payments
Select which type of Estimated Tax Payments you want to make, and select Start to the right

Continue through the ensuing pages, providing all information as appropriate.

Use the entry procedure above to report:

Federal estimated taxes for 2022 (Form 1040-ES)
State estimated taxes for 2022
Local estimated taxes for 2022
2021 state estimated taxes paid in 2022
2021 local estimated taxes paid in 2022

Re: How do i prepay my taxes?

Mike9241 — Tue, 31 Jan 2023 16:59:52 GMT

There will be no federal penalties for 2023 fornot paying in enough taxes during the year if withholding and

timely estimated tax payments equal or exceed 90% of your 2022 tax or
timely estimated tax payments equal or exceed 100% of your 2021 tax (110% if your 2021 adjusted gross income was more than $150K) or
the balance due after subtracting taxes withheld from 90% of your 2022 tax is less than $1,000 or
your total taxes are less than $1,000

state laws differ

note that if Turbotax computes that estimated tax payments are needed it will prepare these forms

1040-ES. however unless you change certain numbers in the calculation, that number might not be 100% accurate unless you use the 100/110% option but then you have to monitor withholding to make sure it's at least the same as 2022 or enter a different number in the estimated tax section

here's a link to them on the IRS website - you mail them (look at them to see where) with the check, money order,etc. but make sure your name, address, SSN, tax year, e-mail address, phone number are on the payment. they're due 4/18, 6/15, 9/15 and 1/16/2024. if mailed you may want to use a proof of delivery tor tracking service to make sure they arrive

https://www.irs.gov/forms-pubs/about-form-1040-es

*** the other method is to create an account at the iRS and then you can pay electronically using your bank account (direct pay for free) or a debit, credit card or even a digital wallet (fee), if done timely you can even cancel the payment. you can set them up 60 days in advance. for payment type use estimated tax from the drop down. at the end, you should print or save the receipt. thus a payment getting lost in the mail won't happen.

https://www.irs.gov/payments