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ghcook1935
Returning Member

Credits

I pay monthly to the US Treasury (Jan1 -Dec 2019). Where do I put these credits on 1040 form

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6 Replies

Credits

What did you pay for?  Were you making estimated payments towards your 2019 return?  If you were on a payment plan for past tax due that is not entered or deductible on your current return.

Credits

Why are you paying the US Treasury monthly?  What type of payments are you sending that would need to be entered on at tax return?

ghcook1935
Returning Member

Credits

I am retired and my income is from investments. I send the US Treasury monthly payments to ease my total income tax. Last years returns had a line in 1040 for qterly/ monthly payments

ghcook1935
Returning Member

Credits

Not on a payment plan. Just sending money to pay taxes for the yr 2019. Have no earned income. Retired

Credits

Sure.  Just unusual to see monthly payments instead of quarterly.

 

For 2019 Federal Estimated payments should be on schedule 3 line 8.  And go to 1040 line 18d.

 

You can type estimates paid in the search box at the top of your return and click Find and it will give you a link to Jump To it.

 

OR

To enter Federal or State Estimated Taxes Paid, including a state estimated payment made in January for the prior year, go to

Federal on left or at top.  Personal (Home & Business)

Deductions and Credits at top

Then scroll way down to Estimates and Other Taxes Paid

Estimated Taxes - click the start button

Credits


@ghcook1935 wrote:

I am retired and my income is from investments. I send the US Treasury monthly payments to ease my total income tax. Last years returns had a line in 1040 for qterly/ monthly payments


Those would be 2019 estimated tax payments -

 

To enter, edit or delete estimated taxes paid (Federal, State, Local) -

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Deductions and Credits
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Estimates and Other Taxes Paid
  • On Estimates, click on the start or update button

Or enter estimates paid in the Search box located in the upper right of the online program screen. Click on Jump to estimates paid

 

Or click on Tax Tools on the left side of the screen.
Click on Tools
Click on Topic Search
Type in estimated tax payments, click on GO

 

Federal estimated taxes paid are entered on Form 1040 Schedule 3 Line 8. The totals for Schedule 3 flow to Form 1040 Line 18d

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