If I have an extra $50 deducted per bi-weekly pay, to pay extra taxes by my employer payments, do I enter that as "Federal Estimated Taxes"?

misscarlaj · ‎April 1, 2024

BillM223 · ‎April 1, 2024

No.

These will be reported on your W-2.

Federal Estimated Taxes would be on a 1040ES.

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VolvoGirl · ‎April 1, 2024

They should be included on your W2 in box 2. All the withholding is there, it doesn't need to be broken out as extra. Ask your employer if you're not sure it's in box 2.

Kermit Smith · ‎April 1, 2024

Hi,

No. Estimate payments are payments you send in separately. This "extra" amount could also be adjusted by adjusting your w-4. Considered the same thing.

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If I have an extra $50 deducted per bi-weekly pay, to pay extra taxes by my employer payments, do I enter that as "Federal Estimated Taxes"?