Question

If there are payment vouchers in my tax return, do I have to pay or use them?

Forum|Forum|6 years ago
April 16, 2020
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TurboTax Deluxe Online

VolvoGirl

Employee

What forms are they? 1040V or 1040ES?

Use the 1040V. That is your current tax due.

The 1040ES are for next year. The 1040ES quarterly estimated tax payments DO NOT get sent to the IRS or state with your return. They are optional to pay. Turbo Tax is very conservative and doesn't want you to owe too much next year. They might have printed out if you got a one time large income this year. Like if you took a IRA or 401K distribution. You can ignore them. You might want to adjust your withholding at work so you won't owe too much next year.