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February 21, 2024
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TT Desktop Estimated Tax State (NY) Peculiarity

  • February 21, 2024
  • 1 reply
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So I don't have a lot of estimated taxes to pay, at least at the state level.


First page says my 2024 NY income tax payment is $1,506.  Next page when it goes into quarterly detail:

 

1    1,248

2      377

3      376

4      376

 

Total estimated tax payment                  2,377

 

I am...  bewildered.

 

    Best answer by SharonD007

    It appears that an entry was made for the first quarter voucher for $1,248 because the entry is blue, which means the data was entered.  Review the TurboTax article What do all the different colors in Forms Mode mean? for more information.

     

    Don't worry, all you have to do is replace the entry of $1,248 under Voucher amounts for 1st Quarter with $377.

     

    If you still need help, send us another post.

    1 reply

    SharonD007
    February 22, 2024

    Please clarify what your question is.

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    JP106Author
    February 22, 2024

    TT Desktop is saying my total estimated 2024 tax payments are $1506.

    Then goes on to list four (mostly) uneven payments that add up to $2377.

     

    Am I not understanding something about the vouchers?  As the form suggest all four of the payments are about the same...  While on the voucher lines beneath - and what displays in step-by-step...  the first payment is almost quadrupled.

     

    SharonD007
    February 22, 2024

    It appears that an entry was made for the first quarter voucher for $1,248 because the entry is blue, which means the data was entered.  Review the TurboTax article What do all the different colors in Forms Mode mean? for more information.

     

    Don't worry, all you have to do is replace the entry of $1,248 under Voucher amounts for 1st Quarter with $377.

     

    If you still need help, send us another post.

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