To prepare a W-4 to adjust your withholdings with your employer, and also calculate estimated taxes:
Log into TurboTax and go to
- Other tax Situations at the top of the screen
- All uncommon situations
- Scroll down to Other Tax Forms
- From the Drop-Down select Form W-4 and Estimated Taxes
- Adjust How Much Tax You Pay - If you want to adjust your employer withholding say yes, otherwise no.
- In this example, I choose No.
- Review Your Estimates? = Review Now
- You will go through an interview to establish your estimated taxes.
- You will have to do the calculation of the additional income you will earn.
- When you've paid for TurboTax you will be able to print the 1040-EV's
The IRS Publication 505 states
Higher Income Taxpayers
If your AGI for 2021 was more than $150,000 ($75,000 if your filing status for 2022 is married filing a separate return), substitute 110% for 100% in (2b) under General Rule, earlier.
For 2021, AGI is the amount shown on Form 1040 or 1040-SR, line 11.
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