I recently filed my 2021 tax return using TurboTax home and business (pc edition). I started a sole proprietorship in late 2021, and am now looking to file my quarterly tax payment (self-employment tax + income tax) for Q1 of 2022. I understand I can pay through eftps.gov. However, I need to calculate how much to pay (using form 1040-ES I believe).
Can my 2021 TurboTax program calculate how much my quarterly payment should be? I could just try to guess it by multiplying my expected income times my combined marginal tax rate and the self-employment tax rate. But I was hoping to use software that could give me a more precise figure (accounting for QBI deduction, etc.). Do I have to buy another TurboTax product? Thanks!
