I was prompted under “Deductions and Credits” and also under "State Payments” (with the specific dates) Do I enter my paid estimated taxes in both sections?
Are we supposed to report estimated taxes we paid the previous year on the tax return we're doing this year? On FreeTaxUSA, I see that there's space to report federal taxes paid in each quarter. Do we put state estimated taxes there as well? It says federal, and doesn't have a separate field for state. Do we put the…
I made more than one estimated tax payment in Q2, but in the Quarterly Tax section where I enter these payments there is only space for one payment per quarter. The IRS states you can make more than one payment in a quarter. How do I log more than one payment per quarter in this FreeTaxUSA Quarterly Taxes section?
I recently had a stock sale with a sizable profit. In the past when this event occurred, I would adjust my w2 withholding to withhold more taxes so my end of year amount due was close to $0. Unfortunately earlier this year, I lost my job so that is not an option. If I want to make an estimated payment, based on tax bracket…
I'm filing an extension, and I'd like to pay the estimated amount owed for both federal and state (CA). FreeTaxUSA says I can pay for federal through a bank transfer, but it says I need to mail a check for state. Why is that? Is it because I'm filing an extension? If I filed the taxes without an extension, would I be able…
I've had to pay Estimated Tax Payments for years, since I have SSDI and rental income. I do not have a job, or W-2 forms. It's always been difficult to properly estimate the amount of Estimated Taxes I have to pay, as well as paying on time, quarterly. Can I use a W-4 form to withhold taxes, so I wouldn't have to pay…
I used FTUSA for first time this year (love it!). One thing I noticed was that it didn't generate four(4) 1040-ES vouchers for the upcoming year based on this year's return. (which I've often seen on other tax platforms) I don't care so much about the actual vouchers themselves - but rather the amount(s) calculated on…
I still need more time, and the April 15 deadline is coming up soon. Should I file an extension, or amend later? Should I pay an estimated amount if I owe taxes? I owe quite a bit for not paying the Estimated Taxes through the year. Is it easy to get a refund if the estimated amount is over what I should be paying? Do they…
I know I owe an underpayment penalty for estimated taxes in California. FreeTaxUSA nicely calculated my underpayment penalty at the federal level, but did not calculate it at the state level. I can calculate it using California Form 5805. Is there a way to have FreeTaxUSA calculate my underpayment penalty or manually enter…
Hi all, in 2023 I've started paying estimated tax for 2023 tax year online on the IRS website, starting from Oct 31, 2023. Below is what my transactions currently look like: 10/31/2023: estimated tax payment $X 12/1/2023: estimated tax payment $X 1/2/2024: estimated tax payment $X 2/5/2024: payment $X (notice how it says…
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