topic How to report California Estimated Tax Payment (540ES) on turbotax in Get your taxes done using TurboTax

How to report California Estimated Tax Payment (540ES) on turbotax

AnuragI — Fri, 06 Dec 2024 06:19:55 GMT

Hello,
I need to pay some additional tax to California and plan to do so via the Franchise Tax web portal.

My questions are

1. On the California FTB website, I assume I need to choose "Estimated Tax Payment (540ES)" as the option when making a payment?

2. How do I report the additional payment from step #1 on turbotax?

Thank you.

Re: How to report California Estimated Tax Payment (540ES) on turbotax

SteamTrain — Fri, 06 Dec 2024 13:16:56 GMT

@AnuragI

In the TurboTax software, on the Deductions & Credits page, there is a section for enter any Estimated tax payments you made for 2024....and individual sub-sections for Federal, or State quarterly estimated paid during 2024, (even a separate entry area for Local quarterly estimates paid for folks living in states with a local city/county income tax). You'd enter it there.

Re: How to report California Estimated Tax Payment (540ES) on turbotax

VolvoGirl — Fri, 06 Dec 2024 19:13:26 GMT

I’m in California too.

#1. Yes pick 540ES payment for 2024.

#2. To enter Federal or State Estimated Taxes Paid, including a state estimated payment made in January for the prior year, go to

Federal on left or at top. Personal (Home & Business)

Deductions and Credits at top

Then scroll way down to Estimates and Other Taxes Paid

Estimated Taxes - click the Start or Update button

You enter state estimated payments under the federal side (because they can be a federal itemized Deduction). THEN after you finish filling out the estimates under Federal you need to click on the State Tab at the top and start the state return over for it to update.

You have to pick the right state from the drop down box and enter the right payment dates.