maranello1983
Returning Member

1040-ES Estimated Taxes Amount - Incorrect

I always have to pay estimated taxes. I have just filed my 2022 taxes and after filing them I realized that for the next year's estimated taxes, TurboTax estimated a very higher figure.

 

When I open the main screen that shows "track your refund", it tells me next year I will owe $67,000 taxes (which makes sense). But when I open the actual tax return that was transmitted to IRS, I see 1040-ES vouchers have an amount of $21,804 each.  This makes no sense.

 

Also, I paid the amount that was on the 1040-ES last year, and I ended up overpaying and getting a refund of  $12,600 and last year's amount was $19,760 per payment. 

 

So I am not sure why it's making me pay more than I need and this year is even more than last year which itself was more than I needed to pay.