Solved

I get a Federal refund of $348 and I owe Colorado $723. The 2018 Form 1040-ES Payment Voucher indicates I should send the IRS a check for $477. Please explain/advise. ?

Forum|Forum|7 years ago
June 6, 2019
1 reply
0 views

No text available

TurboTax Premier Online

Best answer by VolvoGirl

Those are not for your tax due. Those are 1040ES quarterly estimated payments for NEXT YEAR. They are pre-payments so you don't end up owing again next year. They are optional to pay and don't get sent with your return.

If you are getting a refund, They might have printed out if you got a big one time increase in income. like if you took a IRA or 401K Withdrawal or had a big stock gain. They are optional to pay. They don't get sent in with your tax return so the IRS won't be expecting them. You can ignore them.

VolvoGirlAnswer

Employee

Those are not for your tax due. Those are 1040ES quarterly estimated payments for NEXT YEAR. They are pre-payments so you don't end up owing again next year. They are optional to pay and don't get sent with your return.

If you are getting a refund, They might have printed out if you got a big one time increase in income. like if you took a IRA or 401K Withdrawal or had a big stock gain. They are optional to pay. They don't get sent in with your tax return so the IRS won't be expecting them. You can ignore them.