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clg1210
New Member

Why is my tax summary page showing estimated payment schedule when I don't make estimated payment?

 
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2 Replies

Why is my tax summary page showing estimated payment schedule when I don't make estimated payment?

Turbo Tax is very conservative and doesn't want you to owe next year.  They might have printed out if you got a big one time increase in income.   like if you took a IRA or 401K Withdrawal or had a big stock gain.  They are optional to pay.  They don't get sent in with your tax return so the IRS won't be expecting them.  You can ignore them.

clg1210
New Member

Why is my tax summary page showing estimated payment schedule when I don't make estimated payment?

Thank you for responding so quickly!  Phew!

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