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Estimated taxes
TurboTax is calculating my estimated taxes as if the "other" income expected in 2025 (from pension and retirement plan withdrawals) will have no taxes withheld. But both will have federal tax withheld. I've tried to fix this by removing the amount of income expected from those sources (reported under "Other Income"), but that results in us owing ZERO estimated tax, which is too low. We should owe some estimated tax on account of my solo business income from which nothing is withheld -- but nothing as high as the amounts TurboTax is saying.
March 27, 2025
3:22 PM