Estamated taxes

Forum|Forum|8 years ago
April 10, 2018
3 replies
15 views

I just finished my taxes with Turbo... It is saying that I owe $4700. I have already paid $3600. I'm not sure why it is not calculating the paid amount??? I only made about $4000. more in2017 than 2016???

PaulaM

Alumni - Expert

Did you make the $3600 payments via estimated taxes? If so, you need to enter those payments in the Estimates and other taxes paid section.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

pcsusa

Level 2

I forgot to send in my estamated tax payments but, my state tax form says I don't owe any state taxes.

JotikaT2

Employee Tax Expert

Did you make estimated tax payments?

If so, you could be entitled to a refund for those estimated tax payments.

Once your return is accepted and processed, you should file an amended return to get credit for those estimates.

Please see the link below for steps on how to amend your return.

How to amend my return?

Once you are in your return, you will enter those estimated tax payments made in the Federal interview section of TurboTax.

Select Deductions & Credits
Scroll down through All Tax Breaks and select Estimates and Other Taxes Paid
Select Estimated Tax Payments
Select State estimated taxes for 2020 (or federal if you made federal estimates as well)
Select Yes to indicate you did pay estimates for 2020
Proceed to enter your payments as applicable