MonikaK1
Expert Alumni

Get your taxes done using TurboTax

You can choose to prepare new vouchers for 2024 in TurboTax if you want to pay a higher amount quarterly, even if the amount you are already planning to pay is enough to avoid a penalty for 2023. 

 

You can also plan estimated payments to your state using TurboTax. See this article for details. 

 

In the California return, you can go to Other Situations, then Other Forms and choose Estimated Taxes. In TurboTax Online, the screen with these choices appears at the end of the interview section just before the review.

 

For California, generally, you must make estimated tax payments if for 2024 you expect to owe at least:

  • $500
  • $250 if married/RDP filing separately

And, you expect your withholding and credits to be less than the smaller of one of the following:

  • 90% of the current year’s tax
  • 100% of the prior year’s tax (including alternative minimum tax)

 

Pay on time to avoid penalties and fees. You can also use web pay to make your payments.

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