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March 30, 2025
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why does my final tax return show needing to make estimated tax payments for 2025

  • March 30, 2025
  • 2 replies
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why does final review of federal return show a need to make estimated tax payments for 2025
    Best answer by VolvoGirl

    They are optional to pay. The 1040ES quarterly estimated tax payments DO NOT get sent to the IRS or state with your return. So they won't be expecting them. If you are receiving a refund or low tax due and Turbo Tax prepared the vouchers then your tax liability was probably reduced by credits. 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 or had a large capital gain. They are just a suggestion. You can ignore them  if you want.

    2 replies

    VolvoGirl
    VolvoGirlAnswer
    Employee
    March 30, 2025

    They are optional to pay. The 1040ES quarterly estimated tax payments DO NOT get sent to the IRS or state with your return. So they won't be expecting them. If you are receiving a refund or low tax due and Turbo Tax prepared the vouchers then your tax liability was probably reduced by credits. 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 or had a large capital gain. They are just a suggestion. You can ignore them  if you want.

    LindaS5247
    March 30, 2025

    TurboTax is not telling you that you are required to make any estimated tax payments.

     

    TurboTax automatically creates four estimated tax payment vouchers for you to print out with your tax return. They are really just for your convenience. 

     

    These do not get transmitted to the IRS. You do not have to use them.

     

    You can discard them if you like. 

     

     

    Click here for Estimated Taxes: How to Determine What to Pay and When

     

    Click here for Estimated taxes

     

    Click here for additional information on "How to Determine What to Pay and When

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