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State tax filing
Thanks for the reply. Since my Federal tax was way less than $4000 and my AGI was way less than 150,009, and my experimental tax for 2025 (calculated with TT version for 2024) is $37,036, I could probably get away with 90% of $37,036. The $41,740 estimated payments is exactly 110% of $37,036. You would think that TT suggest 90% of 37,036.
Oddly enough, California has the same rule (90% of estimated current year, or 110% of prior year) and the vouchers total only 90% of current year estimate. Very strange! I should use the calculated tax for both Fed and state.
Thanks for the heads up about preventing TT from using experimental data next year.
Friday