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weslatham
New Member

I will have to start paying estimated taxes this year for the first time. In TurboTax next year, how would I record any estimated taxes I pay?

 
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I will have to start paying estimated taxes this year for the first time. In TurboTax next year, how would I record any estimated taxes I pay?

You will enter it under Deductions.

To enter Federal or State Estimated Taxes Paid, including a state estimated payment made in January for the prior year, go to

Federal on left or at top.  Personal (Home & Business)

Deductions and Credits at top

Then scroll way down to Estimates and Other Taxes Paid

Estimated Taxes - click the start button

 

Do you need help help figuring out how much to send in?  Do you already have the four 1040ES slips?

 

To prepare estimates for next year you start with your current return, but be careful not to change anything.  If you can't get back into your return, Click on Add a State to let you back into your retun.

 

You can just type W4 in the search box at the top of your return , click on Find. Then Click on Jump To and it will take you to the estimated tax payments section. Say no to changing your W-4 and the next screen will start the estimated taxes section.

 

Or Go to….

Federal Taxes or Personal (Deskop H&B)

Other Tax Situations

Other Tax Forms

Form W-4 and Estimated Taxes - Click the Start or Update button

 

View solution in original post

4 Replies

I will have to start paying estimated taxes this year for the first time. In TurboTax next year, how would I record any estimated taxes I pay?

You will enter it under Deductions.

To enter Federal or State Estimated Taxes Paid, including a state estimated payment made in January for the prior year, go to

Federal on left or at top.  Personal (Home & Business)

Deductions and Credits at top

Then scroll way down to Estimates and Other Taxes Paid

Estimated Taxes - click the start button

 

Do you need help help figuring out how much to send in?  Do you already have the four 1040ES slips?

 

To prepare estimates for next year you start with your current return, but be careful not to change anything.  If you can't get back into your return, Click on Add a State to let you back into your retun.

 

You can just type W4 in the search box at the top of your return , click on Find. Then Click on Jump To and it will take you to the estimated tax payments section. Say no to changing your W-4 and the next screen will start the estimated taxes section.

 

Or Go to….

Federal Taxes or Personal (Deskop H&B)

Other Tax Situations

Other Tax Forms

Form W-4 and Estimated Taxes - Click the Start or Update button

 

I will have to start paying estimated taxes this year for the first time. In TurboTax next year, how would I record any estimated taxes I pay?

When you go through the interview, it will ask if you paid any estimated taxes during the year and if you did, you enter the amount paid. It's in the Other Tax Situations section. 

Li6
Level 1

I will have to start paying estimated taxes this year for the first time. In TurboTax next year, how would I record any estimated taxes I pay?

Thank you!

BillM223
Expert Alumni

I will have to start paying estimated taxes this year for the first time. In TurboTax next year, how would I record any estimated taxes I pay?

If you don't see that question, you can do the following to go straight to it:

 

Do a Search (upper right) for estimated taxes paid and click on the jump-to result (Mac users need to find estimated taxes paid in the Topic List).

 

Look carefully and you should be able to see where to enter federal and state estimated taxes paid.

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