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

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

jgp
New Member

I was required to make estimated tax payments in 2018. When I filed my 2018 return recently, I’m due a $1300 refund. Do I need to continue making estimated payments?

 
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.

1 Best answer

Accepted Solutions

I was required to make estimated tax payments in 2018. When I filed my 2018 return recently, I’m due a $1300 refund. Do I need to continue making estimated payments?

That depends on how much you expect to earn and how much taxes you expect to pay in 2019.When you get through with turbotax if they think you will have to make estimated payments for 2019 they will have generated 1040-es payment vouchers for you to print out and send in . See the cover page of your return.

View solution in original post

2 Replies

I was required to make estimated tax payments in 2018. When I filed my 2018 return recently, I’m due a $1300 refund. Do I need to continue making estimated payments?

That depends on how much you expect to earn and how much taxes you expect to pay in 2019.When you get through with turbotax if they think you will have to make estimated payments for 2019 they will have generated 1040-es payment vouchers for you to print out and send in . See the cover page of your return.

I was required to make estimated tax payments in 2018. When I filed my 2018 return recently, I’m due a $1300 refund. Do I need to continue making estimated payments?

Do I need to make estimated tax payments to the IRS?

PAYING ESTIMATES
For SE self employment tax - if you have a net profit (after expenses) of $400 or more you will pay 15.3% for 2015  SE Tax on 92.35% of your net profit in addition to your regular income tax on it. So if you have other income like W2 income your extra business income might put you into a higher tax bracket.

You must make quarterly estimated tax payments for the current tax year (or next year) if both of the following apply:
- 1. You expect to owe at least $1,000 in tax for the current tax year, after subtracting your withholding and credits. 
 
- 2. You expect your withholding and credits to be less than the smaller of: 
    90% of the tax to be shown on your current year’s tax return, or 
  100% of the tax shown on your prior year’s tax return. (Your prior year tax return must cover all 12 months.)

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

  How do I make estimated tax payments?

https://ttlc.intuit.com/replies/3301258

 

Can TurboTax calculate next year's federal estimated taxes?

https://ttlc.intuit.com/replies/4242911

 

Can TurboTax calculate the estimated payments for next year's state taxes?

https://ttlc.intuit.com/replies/3301735


message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies