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Level 2
March 19, 2020
Solved

Federal estimated tax payments.

  • March 19, 2020
  • 4 replies
  • 37 views

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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Best answer by Just-Lisa-Now-

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

4 replies

Just-Lisa-Now-
Intuit Community Champion
March 19, 2020

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

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
sjrcpa
Level 15
March 19, 2020

Probably 110% of 2019 tax

The more I know the more I don’t know.
BobKamman
Level 15
March 19, 2020

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