Should I amend for estimated tax?

Forum|Forum|1 year ago
January 30, 2025
2 replies
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I made a mistake when I filed in how much estimated tax I gave by a few hundred, feeling a tad guilty about it and don't want to risk any problems with the IRS. I hear a lot of mix things about this type of topic so wanted to give a definitive yes or no answer.

BillM223

Are you saying that you entered that you paid estimated tax for 2024 that was wrong? If so, this could have affected your refund (making it bigger), so this is a big deal.

Or are you talking about estimated tax somewhere else?

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G-GarySidAuthor

Sadly no I overshot it a bit as I mess up the first few quarters, so I would owe a bit more, granted only by around 280.

BillM223

Could you clarify what you mean by "Sadly no I overshot it a bit as I mess up the first few quarters, "?

OK, you had some 1040-ES forms, right? And they specified a dollar amount to pay each quarter. And we are talking about during 2024, right?

How much did you actually pay each quarter, quarter by quarter? And how much did you report paying in TurboTax?

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Mike9241

The IRs should catch the error and correct it automatically. only if it doesn't will you need to file an amended return

G-GarySidAuthor

So would I get a letter at some point telling me to pay the difference then? I been doing this for a few years and I am just a bit wondering since I normally always play it careful. I rather just want to correct my mistakes since I am aware of them.