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Deductions & credits
@SueJohnson there really is no such thing as the 'correct' estimated tax. Rather, to avoid the underpayment penalties, the estimated payments have to be at least 90% of this years' tax liability (line 24) or 100% of last year's (again, line 24).
if you can't remember how you determined that $1300 in quarterly payments was better than the $546 Turbo Tax estimated, how are we supposed to figure it out!
at some point past year did you estimate your tax liability for 2024 to be $5200? What is on line 24 for tax year 2024?
May 18, 2025
7:54 AM