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New Member
posted Sep 18, 2024 8:19:29 PM

Can I still send extra tax payments? I missed sending in 1040 ES payment voucher and would like to make tax payment to avoid an underpayment penalty next year.

Can I still use Voucher 4 due Jan 15, 2025 and pay $1544 ($386 x 4) since I did not pay Vouchers 1-3?

0 4 10769
4 Replies
Level 15
Sep 18, 2024 8:22:02 PM

Yes.  Pay as soon as possible.  Or you can pay directly on the IRS website https://www.irs.gov/payments

Be sure to pick the right kind of payment and year.....2024 Estimate

Level 15
Sep 18, 2024 8:28:35 PM

sorry for some reasom I thought you wer alking about estimates for Illinois. for fedeal basically the same rules apply for federal

 

 

depending on your 2024 Federal tax, you could still have a penalty for failure to make estimates the first 3 quarters.

 

if you have Federal withholding that could be increased for the year to make you penalty proof (100% of 2023 tax AGI less than $150K). even though the withholding would occur late in the year, under Federal law 1/4 of the total can be assumed to have been paid each period. This is not true with estimates. They only count on the date of payment.  

 

 

 

Level 15
Sep 18, 2024 8:34:23 PM

@Mike9241   Am I missing something?  I don’t see anything about Illinois in the question or in their profile.

Level 15
Sep 19, 2024 12:37:24 AM

correct no illinois mentioned. i was giving an example.  OP has multiple non-resident states. just showing that Turbotax may not handle state passive loss carryovers that differ from the federal