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Can I round-up my estimated tax payments for next year?

Forum|Forum|5 years ago
March 6, 2021
1 reply
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I found the option to round up to the nearest $100 for State and Local but I can't find it for Federal.

TurboTax Premier Online

Best answer by DoninGA

@lanstine wrote:

Thanks for your reply. I understand that I can manually adjust the figures. I was also searching for a way to make the change in the TurboTax Online system. It seems strange that the option to do so is available for state and local but not for federal?

See this TurboTax support FAQ for calculating federal estimated taxes - https://ttlc.intuit.com/community/tax-payments/help/can-turbotax-calculate-next-year-s-federal-estimated-taxes/00/26437

A

AnnetteB6

If you want to round up your payments to the nearest $100, then you can just cross out the amount on the voucher that prints with your return. These amounts are only printed for your benefit. They are not sent to the IRS or carried forward to your return for next year. Just be sure to keep records of the amount of your payments so that you can enter the payments in your 2021 tax return.

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L

lanstineAuthor

Thanks for your reply. I understand that I can manually adjust the figures. I was also searching for a way to make the change in the TurboTax Online system. It seems strange that the option to do so is available for state and local but not for federal?

DoninGAAnswer

Employee

@lanstine wrote:

Thanks for your reply. I understand that I can manually adjust the figures. I was also searching for a way to make the change in the TurboTax Online system. It seems strange that the option to do so is available for state and local but not for federal?

See this TurboTax support FAQ for calculating federal estimated taxes - https://ttlc.intuit.com/community/tax-payments/help/can-turbotax-calculate-next-year-s-federal-estimated-taxes/00/26437