My income will be reduced in 2019 so I do not think the Turbo Tax estimate is correct.
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To review your estimated payment calculation for 2020 please follow these steps:
You can also review the calculations on the Estimated Taxes and Form W-4 Worksheet by going into Forms Mode:
[Edited | 4/13/2020 | 10:04 am PDT]
To review your estimated payment calculation for 2020 please follow these steps:
You can also review the calculations on the Estimated Taxes and Form W-4 Worksheet by going into Forms Mode:
[Edited | 4/13/2020 | 10:04 am PDT]
Related subject: My 2020 Turbo Tax comparisons with 2019 are not showing all the 2019 numbers. I did my 2020 entries without those comparisons but wonder why Turbo Tax did not have the 2019 figures on the forms I filled out.
The 2 year comparison will be filled in when you used TurboTax with the same account for two years in a row. The 2 year comparison can be very helpful to pinpoint items with large changes from the previous year. It will help you to troubleshoot areas of your return that may have discrepancies.
The Tax Cuts and Jobs Act reduced the amount of withholding for many people, so their refunds are lower than in the past.
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