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hummingdragon26
Level 1
June 1, 2019
Question

Payment voucher

  • June 1, 2019
  • 1 reply
  • 3 views
I am ready too e-file and I'm reviewing one last time and I noticed estimated payment voucher.The quarterly amount is very high.I put in the monthly amount I can do but this does not add up to the quarterly amount shown.Not sure if I should send off??

1 reply

P
PeterM
Level 7
June 1, 2019

The 1040-ES payment vouchers would be for your 2017 estimated tax payments. If you’re at risk for an underpayment penalty next year, based on your 2016 information, Turbo Tax will automatically calculate estimated tax payments and prepare 1040-ES vouchers for you. There should be four vouchers...one for each quarter.

Estimated taxes are highly recommended but not required.


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