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June 23, 2020
Question

Quarterly Federal Estimated Taxes

  • June 23, 2020
  • 1 reply
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I received the vouchers for quarterly estimated taxes.  I get paid monthly, can i Increase my monthly withholding to equal the amount of the quarterly voucher so i don't have to pay quarterly?

1 reply

DoninGA
Employee
June 23, 2020

The Form 1040-ES for tax year 2020 were included with your tax return based on the tax data you entered on the 2019 tax return.  They are optional and for your use only.

If you want to increase your W-2 withholding to equal the estimated taxes for 2020 then submit a new W-4 with your employer.