Yes, TurboTax will help prepare estimated tax payments for 2025. The system is based on equal payments each quarter, but you can alter them any way you see fit when printed. Begin with the instructions in the link below.
When the IRS has the 2025 1040-ES ready, you can print and enter any amount you choose for each period. You can also choose to make your payments online.
Keep in mind that penalty and equal installments are used to reduce the burden on the taxpayer.
Generally, you can avoid the penalty if your total timely estimated payments and withholdings are greater than or equal to the lesser of:
- 90% of the total tax after credits for the current year, or
- 100% of the total tax after credits in the prior year
- See one exception below.
You can also avoid the penalty if the amount you owe is less than $1,000 as long as any estimated tax payments you made are timely.
Note: High-income taxpayers. If your adjusted gross income (line 11 of your 2023 Form 1040) is greater than $150,000 (or $75,000 if you're married and file a separate return from your spouse), you can avoid a penalty by paying at least 110% of your total tax from the prior year.
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