If you do NOTHING then the program calculates the estimates based on the 2019 tax liability NOT the 2019 income.
See this for calculating 2020 estimated taxes - https://ttlc.intuit.com/community/tax-payments/help/can-turbotax-calculate-next-year-s-federal-estim...
See this for paying estimated taxes - https://ttlc.intuit.com/community/tax-payments/help/how-do-i-make-estimated-tax-payments/00/25875
You can calculate your 2020 estimated taxes and generate the payment vouchers by doing this:
- With your tax return open, search for 1040-es (be sure to include the dash) and select the Jump to link.
- Answer No to the question Do you want to change your W-4 withholdings for 2020?
- Answer the questions about things like your 2020 filing status, income, and deductions.
- Eventually, you'll come to the Print Vouchers? screen. Answer Yes and we'll include your 2020 1040-ES payment vouchers when you print a copy of your return later.
After you file ... to open the account ... log in and scroll down and click on ADD A STATE.
