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How did you calculate my Qtrly Est tax payments for 2018 to be 5,611?
My 2017 tax liability is $20,401. I divided that by 4 to get a qtrly est of $5,100.25/qtr. Isn't that acceptable?
TurboTax uses 100% of the taxes calculated on your current year return for the estimated tax payments--110% if your income is over $150,000 ($75,000 if married filing separately). You can always change the method in the Estimated Taxes interview in TurboTax, on the Which Method? screen. [Screenshot #1, below.]
