First Time Making Estimated Payments

8 replies
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Spouse and I both have W-2s. This year I also have self-employment income. I need to make estimated payment for the first time. How do I calculate that? I believe I have to go through "other tax situations" in TurboTax, but where do I find it? Exact steps would be helpful. Thanks!

DoninGA

Level 15

See this TurboTax support FAQ for 2020 estimated tax payments - https://ttlc.intuit.com/community/tax-payments/help/can-turbotax-calculate-next-year-s-federal-estimated-taxes/01/26437

jmoTTAuthor

Level 2

There seems to be a step missing. How do I open my tax return if it's already been filed?

DoninGA

Level 15

@jmoTT wrote:

There seems to be a step missing. How do I open my tax return if it's already been filed?

If you are using the TurboTax online editions -

To access your current year online tax returns sign onto the TurboTax website with the userID you used to create the account - https://myturbotax.intuit.com/

When you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a state.

This will take you back to the 2019 online tax return.

jmoTTAuthor

Level 2

Ok, but then what? I'm not adding a new state, and I'm not amending my 2019 tax return. How do I get to the point where I can calculate estimated payments for 2020? For a company called Intuit, this is not intuitive.