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Virginia estimated payment vouchers for 2021- have not seen this before, is this new for 2020 tax year?

Forum|Forum|5 years ago
February 20, 2021
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I am filing standard deduction, same forms as 2019.

TurboTax Premier Online

Best answer by DawnC

Did you owe Virginia state tax this year? TurboTax will automatically include four quarterly vouchers with your printout if you didn't withhold or pay enough tax this year. They do this to head off a possible underpayment penalty on next year's taxes.

You may get those vouchers if you're self-employed or had an uncharacteristic spike in your income this year. For example, you received unemployment and did not have taxes taken out. You're not required to make estimated tax payments; we're just suggesting it based on the info in your return. If you feel they're not needed for next year's taxes, you can shred them.

DawnCAnswer

Employee

Did you owe Virginia state tax this year? TurboTax will automatically include four quarterly vouchers with your printout if you didn't withhold or pay enough tax this year. They do this to head off a possible underpayment penalty on next year's taxes.

You may get those vouchers if you're self-employed or had an uncharacteristic spike in your income this year. For example, you received unemployment and did not have taxes taken out. You're not required to make estimated tax payments; we're just suggesting it based on the info in your return. If you feel they're not needed for next year's taxes, you can shred them.

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