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Can I make a 1 time estimated tax payment? I received a significant bonus on 2/28/18 in which federal taxes were not withheld. . How do I do this on turbo tax?

 
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Can I make a 1 time estimated tax payment? I received a significant bonus on 2/28/18 in which federal taxes were not withheld. . How do I do this on turbo tax?

No you need to use a 1040ES estimated slip not a 1040 V.  But I don't see the 1040ES for 2018 on the IRS website yet, just for 2017.  So go directly to the IRS to pay it.  See screen shot


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Can I make a 1 time estimated tax payment? I received a significant bonus on 2/28/18 in which federal taxes were not withheld. . How do I do this on turbo tax?

No you need to use a 1040ES estimated slip not a 1040 V.  But I don't see the 1040ES for 2018 on the IRS website yet, just for 2017.  So go directly to the IRS to pay it.  See screen shot


HelenC1
Intuit Alumni

Can I make a 1 time estimated tax payment? I received a significant bonus on 2/28/18 in which federal taxes were not withheld. . How do I do this on turbo tax?

Thank you!
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Can I make a 1 time estimated tax payment? I received a significant bonus on 2/28/18 in which federal taxes were not withheld. . How do I do this on turbo tax?

Thank you both.

So are you saying I don't need to file the 1040ES? I just go on the IRS site and make a payment? Nothing more?
HelenC1
Intuit Alumni

Can I make a 1 time estimated tax payment? I received a significant bonus on 2/28/18 in which federal taxes were not withheld. . How do I do this on turbo tax?

Yes, that's it. Just print the receipt of your payment and keep it for your 2018 tax preparation.
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HelenC1
Intuit Alumni

Can I make a 1 time estimated tax payment? I received a significant bonus on 2/28/18 in which federal taxes were not withheld. . How do I do this on turbo tax?

Yes, you can. To make a one-time estimated tax payment.  Use the IRS website. Direct Pay (Direct Debit) is free.

 

There are options to pay by mail, also.

  • If you pay by check or money order, you'll need to include form 1040-ES.  Scroll down to the end for the coupons.

[Edited 3-11-2020|9:09 am PST]

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