Do I Need to Report Federal Estimated Tax Payments?
Income tax is a pay-as-you-go system. If you’re an employee, your taxes are paid through withholding (set by your W-4 instructions). Certain taxpayers (Ex: self-employed or contractors) don’t complete Form W-4 and must instead send federal and state estimated taxes payments throughout the year along with Form 1040-ES. You’ll need to include those amounts as part of preparing your return.
Where Do I Enter Federal Estimated Tax Payments?
To find where to enter your federal estimated tax payments, you’ll first need to log in to your MyBlock account. Then:
- Choose Federal on the top navigation.
- Choose Taxes.
- Choose Estimated Taxes and Other Taxes, Payments and Penalties.
- Choose Visit Topic, next to Federal estimated tax payments (2019 Form 1040-ES).
- Enter the payments you made.
Certain topics aren’t available to you until you complete the topics leading up to them. This keeps your return accurate and helps you save time.
Find out if you can change the authorized debit amount to pay your taxes after you’ve already e-filed your extension with the help of H&R Block.