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April 8, 2023
Question

Why do I have a 2023 Form 1040-ES payment voucher if I am getting a refund?

  • April 8, 2023
  • 1 reply
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1 reply

LindaS5247
April 9, 2023

They print out for everyone, but you can disregard them since you are getting a refund, you paid in enough throughout the year.

 

"We'll automatically include four quarterly 1040-ES vouchers with your printout if you didn't withhold or pay enough tax this year. We do this to head off a possible underpayment penalty on next year's taxes.

 

You may get these vouchers if you're self-employed or had an uncharacteristic spike in your income this year. For example, you sold stock or took a large distribution from your retirement plan.

 

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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