turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

anon537
New Member

I paid estimated taxes in 2024 toward 2023 federal and state taxes. Do I enter the payments for the Federal Deduction & Credits or not? The language is confusing.

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies
MaryK4
Expert Alumni

I paid estimated taxes in 2024 toward 2023 federal and state taxes. Do I enter the payments for the Federal Deduction & Credits or not? The language is confusing.

No, estimated tax payments are amounts you pay for the next tax year, you do not make estimated payments for a past year.  If you made 2023 state tax payments in 2024, there is an entry for that.  

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

I paid estimated taxes in 2024 toward 2023 federal and state taxes. Do I enter the payments for the Federal Deduction & Credits or not? The language is confusing.

You do not enter that information on a 2024 tax return.  The TurboTax online editions are only for tax year 2024.

 

If you are completing a 2023 tax return using the TurboTax desktop editions installed on your personal computer, follow this procedure - 

 

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

 

Federal estimated taxes paid are entered on Form 1040 Line 26

I paid estimated taxes in 2024 toward 2023 federal and state taxes. Do I enter the payments for the Federal Deduction & Credits or not? The language is confusing.

 
ThomasM125
Expert Alumni

I paid estimated taxes in 2024 toward 2023 federal and state taxes. Do I enter the payments for the Federal Deduction & Credits or not? The language is confusing.

State income and property taxes are capped at $10,000 in 2024 on your federal return and Oregon does not allow a deduction for Oregon state income taxes, so the extra $6,000 in taxes would not be deductible on your 2024 return. That may be why they don't show as a deduction in TurboTax.

 

From the instructions to Schedule OR-A:

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question