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March 1, 2024
Question

Partial tax payment made before

  • March 1, 2024
  • 1 reply
  • 0 views

I forgot to make quarterly estimated tax payments, and when I found out about this, I made an individual payment in February to minimize my penalty amount.  Problem is that I don't know where to enter the amount I paid in Turbo Tax.  Any help would be much appreciated.

    1 reply

    DoninGA
    Employee
    March 1, 2024

    An estimated tax payment made in February of 2024 cannot be entered on a 2023 tax return, only on a 2024 tax return which is filed next year.

    The last day to make a 2023 estimated tax payment was on January 16, 2024.