At the end of your state return, TurboTax will ask if you want to make estimated tax payments. If you indicate yes, the program will help you calculate the amount. We'll even generate the payment vouchers for you to print along with your return.
TurboTax calcuates estimated tax payments for 2023 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)
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