We made federal-estimated payments in 2024, but not state-estimated payments.
When working on the Georgia state return, TurboTax indicates we made an estimated tax payment to Georgia. However, when preparing the federal return, we answered "No" to "Did you pay state estimated taxes for 2024?". The Turbotax state tab tells me to "revisit the federal estimated taxes topic and change your entries", but there is nothing to change. I reconfirmed in federal taxes that we specified we didn't pay any state-estimated taxes.
This seems like a bug. How can I correct this so I can complete my state return?
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Did you apply some of a 2023 state refund to 2024?
Thanks for the response! I think you are onto something, but I don't understand why a tax refund is included as an estimated tax payment. Can you explain?
We received a 2023 state tax refund in Jan 2024, which is exactly the amount of increase for the Georgia Estimated Payments. On the Personal Income tab, I entered this refund under Other Common Income, "State and Local Tax Refunds on Form 1099-G". Why would this be added to our 2024 Estimated State tax payments?
Go back and delete the 1099G and re-enter it. Watch out for a question asking if you applied it. Actually you might not need to report it at all.
A State Tax Refund is taxable if you itemized deductions on that prior year's federal return and took a deduction for state income taxes instead of the sale tax. You got a deduction benefit for it so now you have to include it as income. If you took the standard deduction it is not taxable and you don't need to report it.
Thank you so much for the help VolvoGirl! As you directed, I deleted 1099G and re-entered it. I also corrected fact that we DID pay estimated state taxes (after speaking to wife) and corrected that. All is good now!
You are very knowledgable! Do you work for TurboTax?
Cheers,
Chris Watkins
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