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New Member
posted Jun 4, 2019 5:35:01 PM

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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1 Best answer
Level 3
Jun 4, 2019 5:35:07 PM

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. 

5 Replies
Level 3
Jun 4, 2019 5:35:02 PM

Do you have a tax due?

New Member
Jun 4, 2019 5:35:03 PM

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

Level 3
Jun 4, 2019 5:35:05 PM

did you owe more this year than other years?

New Member
Jun 4, 2019 5:35:06 PM

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

Level 3
Jun 4, 2019 5:35:07 PM

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.