, Answering FAQ'sTurboTax Employee
Estimated tax payments are prepayments of income tax, usually quarterly, that you make to your federal, state or local taxing agency.
Enter all estimated tax payments, including state or local tax payments, on the federal side of the interview. TurboTax will then transfer the state/local tax payments you entered to your state return.
- In TurboTax, click the Federal Taxes tab (Personal in the Home & Business version) and then click Deductions & Credits below it.
- When you get to the How do you want to enter your deductions & credits? screen, click I'll choose what I work on.
- On the Your 2013 Deductions & Credits screen, scroll down to the Estimates and Other Taxes Paid section.
- To the right of Estimates, click Start or Update follow the steps to enter your estimated payments.
How can I tell if I underpaid my Estimated Taxes?
The IRS provides Form 2210, which can be used to determine if you underpaid and, if you have, to resolve the issue.