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New Member
posted Mar 23, 2024 12:31:56 PM

How do I adjust Estimated Tax calculated by TT?

I am just about to file my 2023 taxes.  In reviewing the 1040-ES, I see the expected withholding is too low as my income this year will be higher.  How do I go back to adjust the inputs for Estimated Tax calculation? 

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2 Replies
Expert Alumni
Mar 23, 2024 1:04:04 PM

If you want to explore more information about your 2024 tax situation and make adjustments to the estimated payment amounts, go to Other Tax Situations > Other Tax Forms > Form W-4 and Estimated Taxes.  Then, go through the steps to change your expected income and withholdings for the year.  

 

For more details, see the following TurboTax help article:

 

Can TurboTax calculate next year's federal estimated taxes?
 

Level 15
Mar 23, 2024 3:20:39 PM

In the Desktop program you can switch to Forms and open the Estimated Tax Payments Options sheet.  You can even select to print the estimates with just your personal info and no amounts.  You  can play with and tweak the amounts.  You can open the individual 1040ES forms and override the amounts.