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Level 1
posted Apr 26, 2024 6:57:52 PM

Should i pay estimated taxes for 2023 if i got laid off and did not have any income in 2023?

I'm late filing my taxes for tax year 2022. For 2022, I am filing federal, New York state and California non-resident taxes (Form 540-NR). After i added in all my information in Turbo tax, the software included forms 540-ES as part of my California state tax return and suggested an amount of approx. $3k as estimated taxes to paid for taxable year 2023. Aside from the $3k payment, turbo tax calculated that I'm owed a refund for Federal and NYC. 

However I was laid off in November 2022 and aside from a small severance payment in Jan. 2023, I did not have any income. I also moved out of the US in December 2022.

 

Should i still pay the estimated taxes that was suggested as part of my 2023 Cali tax return? Very confused right now. Could somebody provide insight? 

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1 Best answer
Level 15
Apr 26, 2024 9:16:53 PM

No.  Ignore the estimates for 2023.  It is too late to pay any estimates for 2023 and especially if you won't be filing a 2023 tax return or have any income.    The program doesn't know you are filing 2022 late.  They are just a suggestion.

2 Replies
Level 15
Apr 26, 2024 9:16:53 PM

No.  Ignore the estimates for 2023.  It is too late to pay any estimates for 2023 and especially if you won't be filing a 2023 tax return or have any income.    The program doesn't know you are filing 2022 late.  They are just a suggestion.

Level 1
Apr 26, 2024 10:31:25 PM

Thank you!