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Self employed
Hello @fieldman11
Yes, you can adjust the amount of estimated taxes. While in Turbo Tax Software you can prepare estimated taxes. Turbo tax will auto-populate based on your current years income but you can edit.
In the search box type "W4", then click on the blue link shown "jump to W4"; this will lead you to the W4/Estimated taxes section. The first question will ask if you need to prepare a W4. Click NO.
The second question will show you your estimated taxes and allow you to edit. You can answer the questions and make adjustment for expected income.
If you are seeing a refund and are unsure, I suggest double checking your estimated payments to ensure they are showing the correct amount. You can view your form 1040, Schedules 1, 2 and 3. Estimated taxes paid can be found on the 1040 line 26.
Follow instructions in link below to preview your 1040,
You can make adjustments to the estimated tax entries in turbo tax by clicking the "deductions and credits" tab. Then go to estimated taxes. This will show you what is entered.
If you need assistance ensuring your refund/estimated taxes are showing correctly, please do click the "Live Help" link and an Expert will help to ensure your info is correct.
Regards,
Dashonnon