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Federal estimated tax payments.

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Level 1

Federal tax return for 2019 shows balance due of $474.00.  Why is it printing out estimated tax payment vouchers for 2020 in the amt. of $828.00 quarterly?

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Level 15
Level 15

Youd need to look at the ES worksheet and see which method its using to figure the payments.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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Level 15
Level 15

Youd need to look at the ES worksheet and see which method its using to figure the payments.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

View solution in original post

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Level 15

Probably 110% of 2019 tax


ex-AllStar
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Level 1

TY that was it!

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Level 11

Did they make estimated tax payments for 2019 and still owe $474?