1040-ES payment past due

[Juliaxyw]

I filed my Form 1040 extension and now the Turbo tax printed the 2021 Form 1040-ES along with my yr 2020 final tax return forms. Because I delay to file my 2020yr tax return, I noticed that  three of four printed Form1040-ES payment vouchers has expired until I print out my final tax return.  My W-2  withholding always exceeds my actual tax liability in my previous years, and  Turbo tax never printed estimate of tax vouchers before.  Should  I pay to IRS the three expired payments now? Will any penalty to me because of the estimated tax payment after due date? What should do now? Thanks. 

[VolvoGirl · Accepted solution]

The estimates are optional to pay. They don't get sent to the IRS with your return so they won't be expecting them.  If you are receiving a refund or low tax due and Turbo Tax prepared the vouchers then your tax liability was probably reduced by credits. They might have printed out if you got a one time large income this year like if you took a IRA or 401k distribution.  You can ignore them if you want.  They are just a suggestion.  

[fanfare]

Your estimated tax payments are credited on the day the IRS receives them.

If you are late (as you stated) there can be a penalty.

The next and last ES payment is due 1/15/2022.

you can make that payment today with 4x the quarterly amount, if you desire.

OR

just 1x the quarterly amount.

NOTE: don't send ES payments if your withholding is otherwise enough to cover your tax.