Est. tax payments

[fred29]

I had a large long term capital gain in 2024 from the sale of stock. This capital gain will not occur in 2025 but has resulted in a 3 fold increase in my quarterly est. tax payments for 2025.  Is there a way to decrease the amount of my estimated tax payments?

[AnnetteB6]

Yes, you can go through the section in TurboTax to create new vouchers after making adjustments to your expected income for 2025.  

See the following TurboTax help article for guidance about how to do this:

How do I print estimated tax vouchers?

[VolvoGirl · Accepted solution]

They are optional to pay. The 1040ES quarterly estimated tax payments DO NOT get sent to the IRS or state with your return. So they won't be expecting them. 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 or had a large capital gain. They are just a suggestion. You can ignore them. You might want to adjust your withholding at work so you won't owe too much next year.