@ mryolanusa wrote:
how to start preparing calculating 2022 Estimated Taxes using turbotax online? where to click so TurboTax can start automatically calculate my estimated tax payments? (my 2021 federal return was accepted)
or do I better buy desktop version for that?
You should be able to go through the 2022 estimated taxes interview in Online TurboTax. Here's how:
You said you have already filed your 2021 return. Here's how to open your already-filed return back up to go through the estimated taxes interview, calculate estimated tax payments, and print out 2022 Form 1040-ES vouchers, if desired. If you don't want to pay the 2022 quarterly taxes by mailing vouchers and checks, we can tell you how to make quarterly payments electronically online at the IRS Direct Pay or Treasury EFTPS website..
NOTE: When you open your return back up, do not make any changes in the return itself since it's already been filed. It's OK to go through the estimated taxes interview that I describe below, but do not make changes in the original return--just in case you later have to amend it, which must start out exactly as originally filed.
You can go through the section "W-4 and Estimated Taxes" to figure your customized 1040-ES quarterly tax payments for 2022. There is also a place in that interview to enter what you have already paid for 2022 (if applicable), and it will let you include any expected income changes or any other changes you have for 2022.
- Log in, and then here's how to open your return back up:
- At the Tax Home or in the section "Your Tax Returns & Documents" for tax year 2021, look for a link "Add a State."
- Click on "Add a State." (you don't really add one; that's just to get the return to open back up.)
- Once the return is open, click in the left menu column on Federal.
- Then at the top choose tab "Other Tax Situations".
- It may ask you if have 3-4 uncommon situations. If so, answer those.
- Once you get past those, you may then see a screen "Your uncommon Tax Situations"
- Scroll way down to the last category "Other Tax Forms" and click "Show More."
- Find topic "Form W-4 and Estimated Taxes" and click Start or Update.
- It will first ask you if you want to change your W-4 withholdings. If you need to do that, click "Yes" to go through the W-4 interview.
- If you don't need the W-4 (withholding) interview, you can click "No" and go to the 2022 estimated taxes interview.
- You may get a screen that says "Review your Estimates for 2022?" and asks "Do you want to review your income or deductions". Say YES (or Review Now), so you can get to the additional questions.
- You will go through a lot of screens asking about expected income and deductions.
- Finally, you will come to a screen that says "Enter Payments You Expect to Make."
- There are some boxes there that say "Enter estimated tax payments you've already made for 2022."
- Next screen will ask "which method" to use to calculate your 2022 estimated payments.
- Next screen will ask if you want to print vouchers.
- If you want to pay them electronically instead of mailing the vouchers and checks, we can tell you how to use IRS Direct Pay or the Treasury's EFTPS website.
