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I would like to set up estimated tax payments for next year's taxes but neglected to do so after I finished this year's taxes. Can I go back and have this set-up?

I would like to get the estimates and print the vouchers.
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I would like to set up estimated tax payments for next year's taxes but neglected to do so after I finished this year's taxes. Can I go back and have this set-up?

NOTE:
I can tell you how to open your return up to go through the W4 and estimated taxes interview.  It's OK to use that section, but do not go back into other areas of your return to change things or experiment, since any changes would be saved and mess up your return.

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You can go through the section "W-4 and Estimated Taxes" to figure your customized 1040-ES quarterly tax payments for 2017.    There is also a place in that interview to enter what you have already paid for 2017 (if applicable), and it will let you include any expected income changes or any other changes you have for 2017..

  • Log in and go to the 2016 Tax Timeline.
  • Since you have already filed, you'll need to open your return back up.
  • Scroll to "Some things you can do."
  • Choose "Add a State."  (you don't really add one; that's just to get the return to open back up.)
  • Federal Taxes tab (or Personal tab in Self-Employed.)
  • Subtab "Other Tax Situations"
  • Scroll way down to last category "Other Tax Forms"
  • Find topic "Form W-4 and Estimated Taxes" and click Start or Update.
  • If you need to adjust withholding, go through the W-4 interview.
  • If you don't need the W-4 (withholding) interview, you can skip that part and go to the 2017 estimated taxes interview.
  • You may get a screen that says "Review your Estimates for 2017" and asks "Do you want to adjust your income or deductions".  Say YES, so you can get to the additional questions.
  • You will go through a lot of screens asking about expected income and deductions.
  • Finally, you will come to a screen that says "Enter Payments You Expect to Make."
  • There are some boxes there that say "Enter estimated tax payments you've already made for 2017."  
  • Next screen will ask "which method" to use to calculate your 2017 estimated payments.
  • Next screen will ask if you want to print vouchers.

I would like to set up estimated tax payments for next year's taxes but neglected to do so after I finished this year's taxes. Can I go back and have this set-up?

If you don't want to have any paperwork to mail each quarter, you have a couple of ways you can pay electronically.

The IRS offers a free service to pay the quarterly taxes electronically as a bank debit at the IRS Direct Pay website.
<a rel="nofollow" target="_blank" href="https://www.irs.gov/Payments">https://www.irs.gov/Payments</a>

At that same page there is also a way to pay by credit/debit card, but that method has a service fee, so that can get expensive.

Here's another method:
The Treasury offers the free EFTPS (Electronic Federal Tax Payment System).  You can make 1040-ES payments electronically, as well as other Federal tax payments including balances due on your annual Form 1040, etc.   You have to set it up in advance with your banking info at the website.  Once you enroll and they verify your info, the Treasury will send you a PIN in the mail, which you use each time you make a payment.  The payment is then debited from your bank account.    You can set up multiple payments in advance, or even make extra payments.  Once you set it up, you can even make tax payments by phone, and you don't have to mail in any paper 1040-ES forms.  You can print out confirmations or download the confirmation as a PDF.   Read more at the sites below.

There is an extensive FAQ at:  <a rel="nofollow" target="_blank" href="https://www.eftps.gov/">https://www.eftps.gov/</a>

Also see this article:
<a rel="nofollow" target="_blank" href="http://www.irs.gov/uac/EFTPS-The-Electronic-Federal-Tax-Payment-System">http://www.irs.gov/uac/EFTPS...>

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