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crinerdm
New Member

Why is TurboTax saying I need to make estimated payments for 2023 when I received a large tax refund for 2022? Can I just ignore the estimated payments and not pay them?

 
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2 Replies
ee-ea
Level 15

Why is TurboTax saying I need to make estimated payments for 2023 when I received a large tax refund for 2022? Can I just ignore the estimated payments and not pay them?

crinerdm
New Member

Why is TurboTax saying I need to make estimated payments for 2023 when I received a large tax refund for 2022? Can I just ignore the estimated payments and not pay them?

Thanks.  I think I “broke” the TT program by paying my 2022 quarterly estimated taxes AND increasing my tax with holdings from my company which more than covered all my estimated quarterly tax payments, which resulted in a refund where I received all estimated tax payments plus a safe cushion of $2K.  The TT program recommending 2023 tax estimates for next year is ludicrous as I will also get a refund back next year (without doing any estimated tax payments too).  

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