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April 18, 2025
Question

i have 4 vouchers to send payments but no dates when is 1st payment due

  • April 18, 2025
  • 2 replies
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2 replies

Employee
April 18, 2025

Those four 1040ES vouchers are optional---they can be used to make estimated quarterly payments for your 2025 tax.  If you expect to owe at least $1000 at tax time for your 2025 tax return next year, using those vouchers and making payments during the year can help you avoid a big tax bill and/or an underpayment penalty next year.  You are not required to use them.

 

And...they are NOT for using to pay your 2024 tax due.   

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
VolvoGirl
Employee
April 18, 2025

Your tax due is on 1 voucher labeled 1040 V.    It was due April  15 .   Do your 4 vouchers look like this?   They say Due  April 15, 2025 at the top and a big 2025.  They are estimates for NEXT year so you don't owe so much again.  You can ignore them if you want.  They don't get sent with your return so the IRS won't be expecting them.  

 

fanfare
Employee
April 18, 2025

You should endeavor to understand why TurboTax generated Estimated Tax "suggestions" for you,based on your 2024 filing.

This is to ensure you make 25% of the "Required Annual Payment" each period or face underpayment penalties on your 2025 tax return.


IRS requires you to estimate your Required Annual Payment for the year and pay as you go.

 

Unless you applied some amount of refund to 2025 tax, you already missed the deadline for Estimated Tax payment No.1

 

@jennvilla210