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 (2017 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.
Are you wondering when you’ll be charged after filing your return with H&R Block? Learn more about the H&R Block filing fees here.
Online filing can make things easy, but how do you know if the program will work on your computer or browser? H&R Block Online Support can help.
Wondering how to correct a mistake on your tax return? H&R Block has the answers. Learn what actions to take if you’ve made an error on your return.
Find out when you can’t e-file your tax return. H&R Block’s experts can help you determine what to do if you can’t.