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April 10, 2025
Question

How does tubrtax handle the 1040-ES amount you send to the IRS during the tax year?

  • April 10, 2025
  • 3 replies
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    3 replies

    JohnB5677
    April 10, 2025

    Other than aiding in preparing them, TurboTax does not do anything.

     

    • Estimated payments are optional.  
    • We suggest them because an underpayment may result in a penalty.

    You can check the IRS site IRS Payment options

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    VolvoGirl
    Employee
    April 10, 2025

     Did you send in estimates for 2024 and need to enter them?  You need to enter them manually.  They will show up on 1040 line 26.

     

    To enter Federal or State Estimated Taxes Paid, including a state estimated payment made in January for the prior year, go to

    Federal on left or at top (Personal for Home & Business)

    Deductions and Credits

    Then scroll way down to Estimates and Other Taxes Paid

    Estimates - click the Start or Update button


    If you made more than 4 payments - at the bottom is + Add another payment

     

    You enter state estimated payments under the federal side (because they can be a federal itemized Deduction). THEN after you finish filling out the estimates under Federal you need to click on the State Tab at the top and start the state return over for it to update.

    Employee
    April 10, 2025

    Estimated payments for 2025 are reported in TurboTax on your 2025 return in 2026.