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posted Oct 23, 2020 9:02:08 AM

Regarding estimated tax payments.......is the payment that was made in January considered for 2019 payments?

Is the estimated tax payment made January 2020 for 2019 estimated taxes grouped into taxes paid for 2019?

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Level 15
Oct 23, 2020 9:08:19 AM

@shalakmassage wrote:
Is the estimated tax payment made January 2020 for 2019 estimated taxes grouped into taxes paid for 2019?

Yes, the January 2020 estimated tax payment applies to the 2019 tax year.

 

See https://www.irs.gov/faqs/estimated-tax/individuals/individuals-2

2 Replies
Level 15
Oct 23, 2020 9:08:19 AM

@shalakmassage wrote:
Is the estimated tax payment made January 2020 for 2019 estimated taxes grouped into taxes paid for 2019?

Yes, the January 2020 estimated tax payment applies to the 2019 tax year.

 

See https://www.irs.gov/faqs/estimated-tax/individuals/individuals-2

Level 15
Oct 23, 2020 9:14:04 AM

The 4th quarter 2019 estimated payment that you paid in January of 2020  does go on the 2019 return.  Look at the estimated payment entry screen options ... make sure you pick the correct ones ... there is a difference between paid FOR   and paid IN  when it comes to the state/local estimates.