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The Form 1040-ES that is included in the PDF are for your use only and you can use them or not. They are for 2023 estimated tax payments based on your 2022 tax return.
I appreciate your response - but - I forgot to mention that TurboTax also estimated my 2023 taxes will be $533. (Pic attached below.) That doesn't seem to fit with $690 x 4 pre-payments coupons.
The 2023 tax due screen is a new thing this year. We don't know anything about it. I would ignore it. Maybe it's after the 4 estimated payments?
The 1040ES are estimates for next year. The 1040ES quarterly estimated tax payments DO NOT get sent to the IRS or state with your return. So they won't be expecting them. They are optional to pay. Turbo Tax is very conservative and doesn't want you to owe too much next year. They might have printed out if you got a one time large income this year. Like if you took a IRA or 401K distribution. You can ignore them. You might want to adjust your withholding at work so you won't owe too much next year.
Since you are owing Federal Income on your 2022, TurboTax is estimating you pay $533 additional tax for 2023. You can print the Form 1040-ES worksheet to see how they compute the $690 shown on the payment vouchers.
See how to compute estimated tax liability below.
Based on your 2022 tax info, we’ll use the lower of the following IRS-approved methods to calculate your estimated tax payments.
There are two additional IRS-approved methods available:
If you’d like to use one of the additional methods, answer Yes to the question "Do you want to adjust your income or deduction?" on the Review Your Estimates for 2023 screen. Once you review your income and deductions, you’ll have the option to select from any of the four methods.
How to Print 2023 Estimated Tax:
You can print next year's estimated tax vouchers (Form 1040-ES) in your 2022 program:
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