topic Estimated Tax Payment Forms in Get your taxes done using TurboTax

Estimated Tax Payment Forms

johnbbenzon — Fri, 31 Jan 2020 16:34:20 GMT

Re: Estimated Tax Payment Forms

ReginaM — Fri, 31 Jan 2020 17:02:33 GMT

TurboTax will automatically include 4 quarterly 1040-ES vouchers with your printout if you did not withhold or pay enough tax this year. This is to head off any possible underpayment penalties on next years return.

You are not required to make these estimated tax payments if you do not feel that they are needed.

Re: Estimated Tax Payment Forms

dave_74 — Tue, 25 Feb 2020 19:05:08 GMT

It seems turbotax came up with a nonsensical estimate quarterly tax amount especially since my withholding is consistently above my tax liability. Is there a reason for this? I.E. based on projections or investment income?

Re: Estimated Tax Payment Forms

MayaD — Tue, 25 Feb 2020 19:16:35 GMT

TurboTax calculate the Estimated payments based on the info in your return.

How can Turbo Tax Calculate my 2019 Estimated Tax Payments ...