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April 13, 2021
Question

Do I need to make estimated tax payments for 2021 if I paid no tax in 2020?

  • April 13, 2021
  • 1 reply
  • 0 views
But will have a tax liability in 2021

1 reply

DawnC
Employee
April 13, 2021

You are not required to - but you should (to avoid penalties).   To get TurboTax to generate estimated tax payment vouchers for 2021, see below.  

 

  • With your tax return open, search for 1040-es (be sure to include the dash) and select the Jump to link.
  • Answer No to the question Do you want to change your W-4 withholdings for 2021?
  • Answer the questions about things like your 2021 filing status, income, and deductions.
  • Eventually, you'll come to the Print Vouchers? screen. Answer Yes and we'll include your 2021 1040-ES payment vouchers when you print a copy of your return later.
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