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Level 3
posted Mar 31, 2025 8:32:00 PM

Why is my 2024 tax return telling me I need to file estimated taxes for 2025? I am getting an $889 refund in 2024. I pay Federal withholding from my social security and monthly from my RMD. I am retired and do not work.

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1 Replies
Level 15
Mar 31, 2025 8:37:25 PM

You can ignore them.  The estimated payments are optional to pay. They are estimates for next year. Turbo Tax doesn't want you to owe 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 or had investment gains.    They DO NOT get sent to the IRS or state with your return.  The IRS won't be expecting them.

 

If you are receiving a refund or low tax due and TurboTax prepared the vouchers then your tax liability was probably reduced by credits.