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Level 2
April 26, 2021
Question

NY estimated payments

  • April 26, 2021
  • 1 reply
  • 0 views

I'm at the point where I'm scheduling my 2021 NY State estimated payments. But I already paid the first quarter online on 4/15/21. Do I manually change the first quarter payment to $0, and then manually adjust the remaining 3 quarters to add up to the projected total tax liability?

 

On the Federal estimated tax payments there was a way to enter that I had already made the first quarter payment. But no such thing on the State side, unless I've missed something.

 

Thanks.

1 reply

Employee Tax Expert
April 27, 2021

You will be able to edit your state tax return by doing the following:

  1. Select State in the black panel on the left after signing into TurboTax.
  2. Select Edit to the right of your state on the screen titled Status of your state returns and go over the state again. 
  3. You should be taken to an overall summary screen titled You Just Finished Your New York Return.  Scroll down on this page to the section titled Other Forms and Voluntary Contributions
  4. Select Update/Start to the right of Other Forms
  5. The next page will be titled Additional Tax Situations.  Select Start/Update to the right of Estimates, Apply a Refund, Amend, Extend

2022 estimates NY

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jandcttxAuthor
Level 2
April 28, 2021

Thanks for responding. TurboTax automatically divided my 2021 estimated tax liability in 4 equal payments. Since I already paid $500 online for the 1st quarter payment I've manually adjusted the first quarter with no payment scheduled and adjusted the following 3 quarters to add up to the total estimated 2021 liability. Since I underpaid on the first quarter I've increased the following 3 quarters.

 

Have I handled this correctly? I wish there was a way for TurboTax to record my $500 payment I already made for the first quarter of 2021.

Employee Tax Expert
May 4, 2021

Yes, you did that correctly. 

 

You should be good to go ahead with the remaining three estimated tax payments.

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