Skip to main content
February 22, 2022
Question

2022 Estimated Tax Vouchers NY State

  • February 22, 2022
  • 1 reply
  • 0 views

I received a refund for both Federal and State for 2021 but Turbotax attached 2022 quarterly NY State payment vouchers to my file.  Why would I need to pay estimated taxes if I received a refund and my situation is not expected to change in 2022?  

1 reply

February 22, 2022

Estimated payment vouchers are printed with your return when you have a balance due or a situation where TurboTax thinks it would be to your benefit to make the estimated payments throughout the year.  These estimated payment vouchers are not included when your return is filed, and you are not required to make the payments.  

 

Even though you are getting a refund for your 2021 tax return, the refund may be based on a refundable credit instead of having taxes withheld.  TurboTax took that into account and determined that it may be beneficial for you to make estimated payments for your 2022 tax return.  

 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"