You'll need to sign in or create an account to connect with an expert.
"Estimated" tax payments are those extra tax payments you may have made to the IRS, or State during the year.
They are usually done quarterly, but occasionally single payments are needed for unusual income gains/distributions the taxpayer receives that normal withholding won't cover when tax-time comes.
These "estimated" payments must be initiated separately by you, either by mailing in a check with a 1040ES tax voucher to the IRS, or a separate one to your state (state voucher names vary), or by making an online payment on the IRS DirectPay website, or thru the EFTPS website.
_______________________________
"Estimates" do not refer any balance due payment you made last year, nor does it refer to a payment you might have made if you filed for an "Extension".
Tax Withholding represented on various tax forms you get each year, like W-2, W-2G, 1099-R, SSA-1099, etc ? Those are NOT "Estimates" .
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
jadaadams44
Returning Member
crystal_215
New Member
rhalexda
Level 2
theLower99Percent
New Member
sharpecookie
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.