topic For Quarterly Federal tax payments do I put the total from my W-2. It’s my first time doing my own taxes in Get your taxes done using TurboTax

For Quarterly Federal tax payments do I put the total from my W-2. It’s my first time doing my own taxes

greatest_95 — Mon, 03 Feb 2020 20:17:24 GMT

Re: For Quarterly Federal tax payments do I put the total from my W-2. It’s my first time doing m...

DawnC — Mon, 03 Feb 2020 20:34:18 GMT

No, do not make any changes to your W-2; enter that as you see it. To enter quarterly tax payments that you made in 2019, follow these instructions.

If you made estimated tax payments in 2019 towards your federal, state, or local taxes, enter them in the Estimated and Other Income Taxes Paid section.

With your return open, search for the term estimated tax payments.
Select the Jump to link.
Choose Start next to the type of estimated tax payment you'd like to enter.
Enter the amount of estimated tax you paid at each of the quarterly due dates.
- If you paid 2018 estimated taxes in 2019, you'll enter just one amount for each state or locality.

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Re: For Quarterly Federal tax payments do I put the total from my W-2. It’s my first time doing my own taxes

SteamTrain — Mon, 03 Feb 2020 20:38:37 GMT

No...Your withholding total payments that are on your W-2 are entered only when you enter all your W-2 information onto the software W-2 form....nowhere else

Quarterly Estimates Federal (or State) payments are those "extra" payments you arranged on your own to pay quarterly....outside of work.

People who are self employed...or who happen to have a lot of extra outside investment income, usually use estimated payments to avoid a huge tax bill when they file (And possible penalties for underpaying during the year) . Unless you made those extra payments yourself, you wouldn't have anything to enter for Quarterly estimates.