You can use TurboTax to do the calculations for you, or you can get a copy of the worksheet accompanying Form 1040-ES and work your way through it. To use the program to calculate your estimated taxes:
1. Click on Federal Taxes > Other Tax Situations
2. On the screen, Let's check for any uncommon tax situations, in the Other Tax Forms section, click on the Start/Revisit box next to Form W-4 and Estimated Taxes.
3. On the screen Adjust How Much Tax You Pay click the No box. [This is to update your W-4 for withholding from a paycheck.]
4. On the next screen, Estimated Taxes for 2023, click the Prepare Now box. [If you've already entered information in this section, you will see the Review Now box instead.
5. On the Review Your Estimates for 2023 screen TurboTax will display 2023 quarterly estimates based on your 2022 income. If you think your 2023 financial picture will differ, click on the Yes box to adjust your income or deductions. Note: Once you have filed your return, you cannot return to this section and calculate your estimated tax.
6. Continue through the screens, entering the requested information. TurboTax will then calculate your quarterly estimated payments for 2023.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
