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New Member
posted Mar 3, 2020 7:39:40 AM

2020 estimated tax for needed

I need to pay estimated taxes for 2020. Where is the form and how much do I pay quarterly?

0 5 740
5 Replies
Expert Alumni
Mar 3, 2020 11:43:09 AM

To calculate your estimated taxes for 2020, please follow these steps:

  1. Click Federal > Other Tax Situations
  2. In the Other Tax Forms section, click on Start/Revisit next to Form W-4 and Estimated Taxes. 
  3. On the Adjust How Much Tax You Pay screen, click the No box.  [This applies to withholding from your paycheck.]
  4. On the screen, Estimated Taxes for 2020, click the Prepare Now box.
  5. On the Review Your Estimates for 2020 screen, TurboTax will display estimates it calculated based on your 2019 information and ask Do you want to adjust your income or deductions?  Click the Yes box.
  6. Continue through the interview, entering information for 2020.  
  7. TurboTax will calculate the tax estimates and generate vouchers for you to print and mail in with your payment.

 

Please see this IRS article on changes in filing and payment deadlines caused by the COVID-19 virus:  Filing and Payment Deadlines Questions and Answers

 

[Edited | 3/25/2020 |  8:25 am PDT]

Level 1
Mar 3, 2020 3:00:16 PM

During the interview, the "Enter your 2020 W-2 Wage Information" page is formatted incorrectly with the 2020 wages & withholding boxes layed over one another.

Intuit Alumni
Mar 3, 2020 3:03:54 PM

Try clearing your cache and temp files and view it again. If it still shows formatted incorrectly, try switching to a different browser. 

How to clear your cache - Community

Level 1
Mar 10, 2020 10:36:31 AM

clearing the cache on my web browser had no effect on the TurboTax Home & Business application.

Intuit Alumni
Mar 10, 2020 11:23:33 AM

Please try updating your software. Here are the instructions. How do I update my TurboTax CD/Download software p ...