Hello
Here is one method of calculating your estimated taxes:
X= 110% of 2022 tax divided by 4
subtract A which is tax withheld to date
P= payment
X-A=P
The payment due dates are: 4/18/2023, 6/15/2023, 9/15/2023 & 1/16/2024
You can make the quarterly payments at irs.gov - Make a payment
Or you can go back to your 2022 tax return and follow these prompts:
You can also calculate your 2023 estimated taxes and generate the payment vouchers by doing this:
- With your tax return open, search for 1040-es (be sure to include the dash) and select the Jump to link
- Answer No to the question Do you want to change your W-4 withholdings for 2023?
- Answer the questions about things like your 2023 filing status, income, and deductions
- Eventually, you'll come to the Print Vouchers? screen. Answer Yes and we'll include your 2023 1040-ES payment vouchers when you print a copy of your return later.
Hope this helps
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