turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Because i owned federal taxes this year (first time it happened) I am getting a estimated payments for 2019.

OK so last year my wife was not working and i get help to pay our health insurance, on May she start to work and i never update our income information, so now we end having to pay back that money we were getting to help pay our health insurance, that is how we end owned in the federal tax return.

Ok so we already fixed that problem (Health insurance) for this year we do not qualify to get assistance to pay our heath insurance; there for I don't think we will own money this coming year.

I have this estimated payments to make for next year return (4 payments) do i need to make those payments? 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
JulieCo
New Member

Because i owned federal taxes this year (first time it happened) I am getting a estimated payments for 2019.

No, the quarterly estimated tax forms are printed as a guide because there was a payment due on your federal return this year.  If you feel that you will not be in a situation where you will owe taxes on your 2019 return, you do not need to make the payments.  Just be aware that you can be penalized if you underpay for 2019.  See more information below:

https://ttlc.intuit.com/replies/3301872



View solution in original post

2 Replies
JulieCo
New Member

Because i owned federal taxes this year (first time it happened) I am getting a estimated payments for 2019.

No, the quarterly estimated tax forms are printed as a guide because there was a payment due on your federal return this year.  If you feel that you will not be in a situation where you will owe taxes on your 2019 return, you do not need to make the payments.  Just be aware that you can be penalized if you underpay for 2019.  See more information below:

https://ttlc.intuit.com/replies/3301872



Because i owned federal taxes this year (first time it happened) I am getting a estimated payments for 2019.

Since you know why you got them you can ignore them.  The estimated payments are optional to pay. They are estimates for next year. Turbo Tax doesn't want you to owe 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 or a large capital gain. They DO NOT get sent to the IRS or state with your return.


Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question