- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
TT calculated my 2023 estimated taxes using the difference between my 2022 total tax and withheld amounts, but ignored the estimated taxes I paid in 2022 - is that right?
As an example, if my 2022 total tax due amount was $10,000, my 2022 withheld amount was $7,000 and my 2022 estimated tax paid was $1,000, my total tax liability for 2022 is $2,000. Given that, shouldn't my safe harbor amount for 2023 estimated taxes be based on that $2,000 amount? The 1040-ES Payment Voucher amounts generated by TT based them on a total amount of $3,000, which ignores the estimated taxes paid in 2022. Is that right?
Topics:
‎February 25, 2023
11:38 AM