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sally4
New Member

Why for the first time does turbotax print vouchers for quarterly tax payments. I haven't ever done this. what is the requirement.

 
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Why for the first time does turbotax print vouchers for quarterly tax payments. I haven't ever done this. what is the requirement.

When you owe a certain amount, generally over $1,000, but sometimes less, TurboTax will print the estimated tax payment vouchers for you so you do not have to pay a penalty the next year.  

If you are adjusting your withholdings you can just dispose of the vouchers. 

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5 Replies

Why for the first time does turbotax print vouchers for quarterly tax payments. I haven't ever done this. what is the requirement.

Do you have a tax due?
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sally4
New Member

Why for the first time does turbotax print vouchers for quarterly tax payments. I haven't ever done this. what is the requirement.

Yes. I also owed last year and have never paid quarterly

Why for the first time does turbotax print vouchers for quarterly tax payments. I haven't ever done this. what is the requirement.

did you owe more this year than other years?
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
sally4
New Member

Why for the first time does turbotax print vouchers for quarterly tax payments. I haven't ever done this. what is the requirement.

Yes. I am changing my withholding from work pay tomorrow for the rest of the year so I shouldn’t need to pay estimates

Why for the first time does turbotax print vouchers for quarterly tax payments. I haven't ever done this. what is the requirement.

When you owe a certain amount, generally over $1,000, but sometimes less, TurboTax will print the estimated tax payment vouchers for you so you do not have to pay a penalty the next year.  

If you are adjusting your withholdings you can just dispose of the vouchers. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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