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March 21, 2025
Question

I already filed for 2024 but now I need to file a 1040-ES

  • March 21, 2025
  • 1 reply
  • 0 views
I received a lump payment in Jan of 2025 and now I need to make tax payments on that so I don't get penalized for underpayment. Where do I do this? Am I able to do it on turbotax?

    1 reply

    DoninGA
    March 21, 2025

    You can make estimated tax payments for tax year 2025 on this IRS website - https://www.irs.gov/payments

    March 21, 2025

    If you had a lump-sum payment in 2024, but won't have one again for 2025, you may not need to make Estimated Payments.  Your lump-sum payment was an extra amount of income for 2024 only.

     

    Since you already filed, you can make any Estimated Payments on the IRS Payment Site.

     

    Here's more info on Estimated Taxes.

     

    @skitchkay 

    skitchkayAuthor
    March 21, 2025

    I should have mentioned the lump sum was recieved Jan 2025. I'm trying to avoid penalties for underpayment At the end of the year