topic Can I round-up my estimated tax payments for next year? in Get your taxes done using TurboTax

Can I round-up my estimated tax payments for next year?

lanstine — Sat, 06 Mar 2021 14:28:08 GMT

I found the option to round up to the nearest $100 for State and Local but I can't find it for Federal.

Re: Can I round-up my estimated tax payments for next year?

AnnetteB6 — Sat, 06 Mar 2021 14:59:55 GMT

If you want to round up your payments to the nearest $100, then you can just cross out the amount on the voucher that prints with your return. These amounts are only printed for your benefit. They are not sent to the IRS or carried forward to your return for next year. Just be sure to keep records of the amount of your payments so that you can enter the payments in your 2021 tax return.

Re: Can I round-up my estimated tax payments for next year?

lanstine — Sat, 06 Mar 2021 16:13:41 GMT

Thanks for your reply. I understand that I can manually adjust the figures. I was also searching for a way to make the change in the TurboTax Online system. It seems strange that the option to do so is available for state and local but not for federal?

Re: Can I round-up my estimated tax payments for next year?

DoninGA — Sat, 06 Mar 2021 16:15:54 GMT

@lanstine wrote:

Thanks for your reply. I understand that I can manually adjust the figures. I was also searching for a way to make the change in the TurboTax Online system. It seems strange that the option to do so is available for state and local but not for federal?

See this TurboTax support FAQ for calculating federal estimated taxes - https://ttlc.intuit.com/community/tax-payments/help/can-turbotax-calculate-next-year-s-federal-estimated-taxes/00/26437

Re: Can I round-up my estimated tax payments for next year?

lanstine — Sat, 06 Mar 2021 16:27:14 GMT

Thanks for pointing me to the directions. Unfortunately, there is no "Jump To" link referenced in them.

Re: Can I round-up my estimated tax payments for next year?

VolvoGirl — Sat, 06 Mar 2021 16:34:05 GMT

I went though the estimate screens and eventually got to the round up screen for federal. Maybe you answers a question wrong? There were many screens. And then I got to this one. In Online Premier.

Re: Can I round-up my estimated tax payments for next year?

lanstine — Sat, 06 Mar 2021 16:35:48 GMT

Thanks for your suggestion. After additional attempts, I found the "Jump To" button and went through the questions. It worked!

Re: Can I round-up my estimated tax payments for next year?

lanstine — Sat, 06 Mar 2021 16:37:21 GMT

Sorry for my initial response. After additional attempts, I did find the "Jump To" button and was able to achieve what I hoped to do! Thanks for sending me the directions...much appreciated!

Re: Can I round-up my estimated tax payments for next year?

VolvoGirl — Sat, 06 Mar 2021 16:38:38 GMT

Can't you find the estimated place at all? It was a little hard. You have to answer a bunch of other questions first. Go to Federal then Other Tax situations at top. Then answer no to several questions and keep going. Look for a screen saying Other uncommon situations click on that. Then Other Tax Forms - show more. Then on Form W4 and estimated taxes - click start.