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jcwmozart
New Member

Estimated Taxes and SR.

Where are the quarterly Estimated Taxes that I paid for the 2020 tax year reflected/accounted for in my 1040-SR return?  I thought I would be due a refund?  Also, the designation 1040-SR is new to me:  I am new to Turbo Tax (always did my tax returns myself).  I am 74 years old and this is the first time I have encountered this designation.  Is this something new?

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1 Reply

Estimated Taxes and SR.

The Form 1040-SR is the exact same form as the Form 1040 but has a larger typeface for easier reading.  It is available for seniors age 65 or older.  The form was released by the IRS starting in tax year 2019.

 

To enter, edit or delete estimated taxes paid (Federal, State, Local) -

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Deductions and Credits
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Estimates and Other Taxes Paid
  • On Estimates, click on the start or update button

Or enter estimates paid in the Search box located in the upper right of the online 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

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