I am in the W4&ES worksheet that is included with in the forms view of the desktop version of TurboTax.. I'm NOT wondering if my inputs are correct. I am trying to figure out how that form calculates the final answer of estimated taxes
When I click on Taxable income and ask for data source this is what I get:
Estimated Taxes and Form W-4 Worksheet : Taxable income
Expected taxable income for 2024:
This amount is calculated based on the income and deductions entered in the section above, less the standard deduction (if greater than itemized deductions entered).
The problem is that when I add the income less deductions that are entered on the sheet, I arrive a far greater number
I have developed a workaround using Excel.
