- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Howe to calculate correct estimated taxes
I am working in TT Personal and using the ES & W4 Wks to generate estimated tax vouchers. TT calculated a reasonable number for Balance of payments of about $26k. But when it calculated the Estimated taxes at 110% of my 2023 taxes out comes up with a number of $6k due and total payments of $7k. This is obviously wrong. Is it pulling my withholding from 1099Rs and assuming they will be the same in 2024? How do I get the right 1040ES vouchers with the right numbers?
Topics:
‎February 18, 2024
8:50 AM