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Where do I enter estimated income taxes paid ?

How do I get rid of the $225 penalty for not paying income taxes during the year? I did file quarterly estimated income taxes. I also have to file Form 2210.
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Where do I enter estimated income taxes paid ?

You can enter your estimated taxes paid in 2016 - these are are payments you made to go toward your 2016 federal tax liability (Form 1040-ES), by using the search feature in the top right hand corner of your screen and searching for "estimated tax payments" and click the "jump to" link.  This will bring you right to the appropriate section.

You can also find the section by clicking on the following tabs:

  • Federal Taxes
  • Deductions and Credits
  • You may have to click "Show All" or Check for More credits to get full list to appear
  • Scroll down to Estimates and Other Taxes Paid
  • Scroll down to Estimates, click Start/Update/Revisit to the right of this category (see screenshot below)
  • Enter your 2016 Paid Estimated Taxes

Once you enter this information, that should remove the need for Form 2210 and the penalty if you made enough estimated tax payments.  If you still need to review Form 2210, then you can search for "underpayment penalty" and click the jump to link.  Or go to - Federal Taxes > Other Tax Situations > Additional Tax Payments > Underpayment Penalty.  Go through these questions and if there is still a penalty you may qualify for an exception.

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1 Reply

Where do I enter estimated income taxes paid ?

You can enter your estimated taxes paid in 2016 - these are are payments you made to go toward your 2016 federal tax liability (Form 1040-ES), by using the search feature in the top right hand corner of your screen and searching for "estimated tax payments" and click the "jump to" link.  This will bring you right to the appropriate section.

You can also find the section by clicking on the following tabs:

  • Federal Taxes
  • Deductions and Credits
  • You may have to click "Show All" or Check for More credits to get full list to appear
  • Scroll down to Estimates and Other Taxes Paid
  • Scroll down to Estimates, click Start/Update/Revisit to the right of this category (see screenshot below)
  • Enter your 2016 Paid Estimated Taxes

Once you enter this information, that should remove the need for Form 2210 and the penalty if you made enough estimated tax payments.  If you still need to review Form 2210, then you can search for "underpayment penalty" and click the jump to link.  Or go to - Federal Taxes > Other Tax Situations > Additional Tax Payments > Underpayment Penalty.  Go through these questions and if there is still a penalty you may qualify for an exception.

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