To prepare estimates for next year you need to be in your current return. But be careful not to change anything in your actual return.
In TurboTax Online, sign in to your account.
Select Tax Home in the left menu.
Scroll down to Your tax returns & documents.
Select 2022, and then select Add a State (you're not actually adding a state, this just gets you back into your return so you can make changes).
Search by typing in W4. Hit the Enter or Return key to get the Jump to w4 link to show up. Go to the W4 page and it will ask if you want to Change your W4. Click on NO. The next page will start the Estimates.
OR go to
Federal Taxes or Personal (Home&Business version)
Other Tax Situations
Other Tax Forms
Form W-4 and Estimated Taxes - Click the Start or Update button
Hi Volvo Girl,
Thank you very much for your great help.
I put in some quick numbers, and the tax is about $1,000 for my first quarter's capital gain. TurboTax shows 4 estimated quarter tax payment of $250. Should I pay the total $1,000 by April 15, or pay $250 quarterly?
many thx
Steve
Technically you want to pay it all in the first quarter if that us when the income is received. However, you may avoid the Underpayment of Estimated Tax by Individuals Penalty if:
See Tips for Paying Estimated Taxes - TurboTax.
To prepare estimates for next year you need to be in your current return. But be careful not to change anything in your actual return.
In TurboTax Online, sign in to your account.
Select Tax Home in the left menu.
Scroll down to Your tax returns & documents.
Select 2022, and then select Add a State (you're not actually adding a state, this just gets you back into your return so you can make changes).
Search by typing in W4. Hit the Enter or Return key to get the Jump to w4 link to show up. Go to the W4 page and it will ask if you want to Change your W4. Click on NO. The next page will start the Estimates.
OR go to
Federal Taxes or Personal (Home&Business version)
Other Tax Situations
Other Tax Forms
Form W-4 and Estimated Taxes - Click the Start or Update button
Hi Volvo Girl,
Thank you very much for your great help.
I put in some quick numbers, and the tax is about $1,000 for my first quarter's capital gain. TurboTax shows 4 estimated quarter tax payment of $250. Should I pay the total $1,000 by April 15, or pay $250 quarterly?
many thx
Steve
Technically you want to pay it all in the first quarter if that us when the income is received. However, you may avoid the Underpayment of Estimated Tax by Individuals Penalty if:
See Tips for Paying Estimated Taxes - TurboTax.