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Level 1
posted Feb 14, 2023 12:42:01 AM

Will my payments for the estimated NY state tax I've scheduled on Turbotax be made automatically or will I just get a reminder?

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1 Best answer
Expert Alumni
Feb 14, 2023 6:20:13 AM

TurboTax will automatically calculate your potential Estimated taxes but you will have to go into the system to actually submit and pay the quarterly payments.  

 

If you’re at risk for an underpayment penalty next year, TurboTax will automatically calculate quarterly estimated tax payments and prepare vouchers (Form 1040-ES) for you to print. You're not required to make estimated tax payments; we're just suggesting it based on the info in your return. If you feel they're not needed for next year's taxes, you can shred them.

 

How to make Estimated payments

1 Replies
Expert Alumni
Feb 14, 2023 6:20:13 AM

TurboTax will automatically calculate your potential Estimated taxes but you will have to go into the system to actually submit and pay the quarterly payments.  

 

If you’re at risk for an underpayment penalty next year, TurboTax will automatically calculate quarterly estimated tax payments and prepare vouchers (Form 1040-ES) for you to print. You're not required to make estimated tax payments; we're just suggesting it based on the info in your return. If you feel they're not needed for next year's taxes, you can shred them.

 

How to make Estimated payments