Retirement tax questions

When completing Form 1040ES, please keep in mind the following:

1) Line 1 - Adjusted Gross income (AGI) you expect in 2019: 

• Yes - Since you are filing jointly, your AGI should be combined.  This can be found on line 7 of form 1040.  

2) Line 2a  - Deductions: 

• Yes - Enter the deductions listed on line #8 (the standard deduction or itemized deductions from Schedule A).

• Do NOT include any deductions from Schedule C.  They have already been accounted for on Schedule C and your net self-employment income is included in the combined AGI. 

Since you are filing jointly with your spouse, enter all the information with both of you in mind!

If you prefer, you can use TurboTax to prepare your tax estimates for 2020 (& print vouchers).  Please follow these steps:

@rogo2020

1. In your return, click Federal Taxes > Other Tax Situations.  [If this is your first time in the return, TurboTax may ask you some questions before taking you to Other Tax Situations.]
2. In the Other Tax Forms section click the Start/Update box next to Form W-4 and estimated taxes.
3. On the screen, Adjust How Much Tax You Pay, click the No box.
4. On the Review Your Estimates screen, click the Review Now box.
5. You can continue through the screens and enter your information.