Question

Prompt for Estimated Tax Payments

Forum|Forum|2 years ago
March 27, 2024
1 reply
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Just got an IRS notice reducing my Turbotax-generated payment by over $7K. Instead of refund, I owe $3K. According to an IRS rep, I was told shouldn't have included estimated state taxes (as prompted by TurboTax Deluxe). Is this a known issue?

JohnB5677

No, please clarify your question.

Where did you post the estimated state payments?
Did you post them as federal tax estimated tax section?
Where there $7,000 of estimated state payments that you reported?
How did your state taxes come out?

Please contact us again and provide some additional details.

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P

Paul161Author

I entered under Estimated taxes > State estimated taxes for 2023. I paid $7500 in estimated taxes using my state's (MA) department of revenue website. My state taxes are fine. And TurboTax selected the standard deduction, yet still included this amount in my Total Payments and Credits. However, the IRS says that is not correct.