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fegebzib
New Member

I have 4 vouchers for payment of estimated taxes in 2017. I was wondering why I have these.

Since I do have a refund for 2016 I am at a loss for a need of payment of estimated tax in 2017
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1 Reply
Melaine
New Member

I have 4 vouchers for payment of estimated taxes in 2017. I was wondering why I have these.

You do not have to pay these.  These vouchers are produced whether a taxpayer owes taxes or not, they are an estimate on how much should be paid to prevent the owing of taxes in the future.  The estimate is based on your income and is mostly produced for self-employed taxpayers or independent contractors.  If you have an employer and receive a W-2 at the end of the year, you do not have to worry about this.  To learn more about Estimated Payment Vouchers please see Turbo Tax post below;

https://ttlc.intuit.com/replies/3301891


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