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Quarterly Withholding
I have used Turbo Tax for many years. My wife works as independent contractor (1099) we have always managed both our withholdings through my employer. I retired first quarter of 2023 and am drawing a small pension with federal tax withholdings. I do not believe my first quarter withholdings and pension withholding will cover our total tax liability for 2023 and I would like to make quarterly payments in October and January (I believe those are correct). Otherwise we will only have withheld 50-60% of what I think we owe. Does Turbo Tax have a way to estimate my taxes and quarterly payments and instructions to do so?
‎August 30, 2023
2:09 PM