Why do i have estimated payments for 2019 if I am no longer self-employed?

[dcmetro5]

I used to work as a contract worker up until June of 2018. I paid my quarterly 1040-ES payment vouchers for April and June of 2018 last year.

Reviewing my tax returns for 2018 that I am about to send to the IRS, Turbo Tax has included quarterly estimated payments to make for 1040-ES in 2019, even though I stated that my job ended in June.  I have a job that uses a W-2 now.

Do I still need to pay the 2019 estimated payments Turbo Tax has stated? IIs this something I can ignore or am I supposed to pay these?

[Ashby · Accepted solution]

You can ignore the estimated payments. If you will be W-2 all year and have the appropriate exemptions being claimed, there will be no need to pay quarterly. The program automatically calculates these based on the untaxed income from the prior year.

[dcmetro5]

Thank you so much for the quick response!