I was unemployed part of 2024 & didn't withold taxes. now have to pay taxes for 2024 with a penalty. Why have my statements come w/ estimated tax stubs for 2025?

[ginamonteforte]

help!!!!

[VolvoGirl]

Are you having withholding taken out this year for 2025?  

The 1040ES are estimates for next year. The 1040ES quarterly estimated tax payments DO NOT get sent to the IRS or state with your return. So they won't be expecting them.  They are optional to pay. Turbo Tax is very conservative and doesn't want you to owe too much next year. 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. You might want to adjust your withholding at work so you won't owe too much next year.

Your tax due is a Single 1040 V voucher unless you entered your bank account for the IRS to pull it out.