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Estimated tax calculator for current year
In January of 2024, Turbotax determined that I might owe a penalty for 2023 and asked me a lot of information (W2 income and self-employed income by quarter etc) to produce form 2210. It turned out that although I paid estimated taxes I didn't pay enough during the second quarter (form 2210 Part III line 17 showed an underpayment). Note that my income varies a lot quarter by quarter.
I want to avoid that for my 2024 tax return, so I would like TurboTax to help me calculate form 2210 for this current year, 2024, so that I can use Part III line 17 (column b) as a good indicator of how much I should pay by June 15th 2024 to avoid any penalty next year.
Can TurboTax help me do that?
May 23, 2024
5:10 AM