Should i pay estimated taxes for 2023 if i got laid off and did not have any income in 2023?

Forum|Forum|1 year ago
April 27, 2024
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I'm late filing my taxes for tax year 2022. For 2022, I am filing federal, New York state and California non-resident taxes (Form 540-NR). After i added in all my information in Turbo tax, the software included forms 540-ES as part of my California state tax return and suggested an amount of approx. $3k as estimated taxes to paid for taxable year 2023. Aside from the $3k payment, turbo tax calculated that I'm owed a refund for Federal and NYC.

However I was laid off in November 2022 and aside from a small severance payment in Jan. 2023, I did not have any income. I also moved out of the US in December 2022.

Should i still pay the estimated taxes that was suggested as part of my 2023 Cali tax return? Very confused right now. Could somebody provide insight?

Not A Product Question

Best answer by VolvoGirl

No. Ignore the estimates for 2023. It is too late to pay any estimates for 2023 and especially if you won't be filing a 2023 tax return or have any income. The program doesn't know you are filing 2022 late. They are just a suggestion.