What is your question?
The 1040ES are estimates for next year. The 1040ES quarterly estimated tax payments DO NOT get sent to the IRS or state with your return. They are optional to pay. Turbo Tax is very conservative and doesn't want you to owe too much next year. 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. You might want to adjust your withholding at work so you won't owe too much next year.
If you are receiving a refund or low tax due and TurboTax prepared the vouchers then your tax liability was probably reduced by credits.
Yes I printed out the vouchers Turbo Tax provided...... I PAID the IRS in 4 vouchers for an estimated 2020 tax bill.
Where do I claim this payment on the Turbo Tax Deluxe product????
I paid the money to the IRS so where did it go????
The IRS has my money so where do I get credit for it? It's like the "Federal Tax Withheld" box?
@Stooges3Jim wrote:
Yes I printed out the vouchers Turbo Tax provided...... I PAID the IRS in 4 vouchers for an estimated 2020 tax bill.
Where do I claim this payment on the Turbo Tax Deluxe product????
I paid the money to the IRS so where did it go????
The IRS has my money so where do I get credit for it? It's like the "Federal Tax Withheld" box?
To enter, edit or delete estimated taxes paid (Federal, State, Local) -
Or enter estimates paid in the Search box located in the upper right of the program screen. Click on Jump to estimates paid
Or click on Tax Tools on the left side of the online program 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 Line 26