Kat
Level 15
Level 15

Get your taxes done using TurboTax

TurboTax uses a couple of ways to calculate your estimated tax payments.  Though the vouchers are helpful, they are not exact.  

 

Likely your vouchers indicated 90% of your prior-years taxes due, and you had a higher income than anticipated.  Or perhaps you are a higher-income individual, in which case you'd be required to pay 110% of your prior year's taxes in estimated tax payments.  I'm sharing a link to a TurboTax FAQ that will explain how much the IRS expects from you on a quarterly basis.  

 

How does TurboTax calculate my estimated tax payments? 

*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***