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I do not nor ever have paid estimated taxes, yet I am being asked to provide the 4 quarterly payment figures, why?

How do I get Turbo tax to  remove this from my 2023 filing?
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2 Replies

I do not nor ever have paid estimated taxes, yet I am being asked to provide the 4 quarterly payment figures, why?

If you owed  IRS over a certain amoun, there is a penalty and this generates the estimated tax vouchers .  If you do not use them, you will most likely end up paying a penalty again. You can find this penalty right near your tax due.   You dont have to use the vouchers . they are to pre pay the txes and avoid a penality. When you file you nextyears taxes there is a place where you put in the payment date and amount and you will get the credt

I do not nor ever have paid estimated taxes, yet I am being asked to provide the 4 quarterly payment figures, why?

The estimates are optional to pay. They don't get sent to the IRS with your return so they won't be expecting them. If you are receiving a refund or low tax due and Turbo Tax prepared the vouchers then your tax liability was probably reduced by credits. They might have printed out if you got a one time large income this year like if you took a IRA or 401k distribution. You can ignore them if you want. They are just a suggestion.

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