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March 14, 2024
Question

New York State Estimated Taxes

  • March 14, 2024
  • 1 reply
  • 0 views

If I set up New York State scheduled estimated payments through TurboTax, but then subsequently decide I want to modify or cancel the scheduled payments, how do I go about doing that?  Will those scheduled payments be able to be modified on the NYS Tax website?

    1 reply

    KrisD15
    March 14, 2024

    Yes, you can make payments in any amount. 

    There is no penalty for not making the payments or for making payments of a lesser amount. You would only get a penalty if, at the end of the year, it is determined that your tax was underpaid based on your income, (not on your estimates) .

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    DanJ6669Author
    March 17, 2024

    Thanks for the reply, but I wasn't asking if I could make payments. I wanted to know how I could modify the scheduled payments after using TurboTax to submit my taxes... ??? 

    March 17, 2024

    After you have submitted your tax return through TurboTax, any changes to the scheduled payments would need to be made directly through the New York Department of Taxation and Finance.  

     

    Here is the website to get started:  Make an estimated income tax payment

     

    @DanJ6669 
     

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