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Self employed
TurboTax does have Calculators to help figuring out your estimated taxes: Please check out https://turbotax.intuit.com/tax-tools/
If you are using TurboTax for filing your 2022 tax return, then the software can also help with figuring out the estimated taxes: https://ttlc.intuit.com/turbotax-support/en-us/help-article/estimated-taxes/turbotax-calculate-next-...
Based on your 2022 tax info, we’ll use the lower of the following IRS-approved methods to calculate your estimated tax payments.
- 90% of your estimated 2023 taxes
- 100% of your actual 2022 taxes (110% if your adjusted gross income was higher than $150,000, or $75,000 if Married Filing Separately)
There are two additional IRS-approved methods available:
- 100% of your estimated 2023 taxes
- 66 2/3% of your estimated 2023 taxes (farmers and fishermen only)
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August 30, 2023
9:28 AM