How do I adjust estimated income for 2020 to reflect not taking my large ira rmd as allowed by new cares act for estimated tax purposes?

[Critter]

Log in ... scroll down ... click on ADD A STATE to open the account ... then review the estimated taxes section to recompute the required estimated payments ...

 

Can TurboTax calculate next year's federal estimated taxes?

When you prepare your 2019 return, we'll automatically calculate your 2020 estimated tax payments and prepare 1040-ES vouchers if we think you may be at risk for an underpayment penalty next year.

You can also calculate your 2020 estimated taxes and generate the payment vouchers by doing this:

1. With your tax return open, search for 1040-es (be sure to include the dash) and select the “Jump to” link.
2. Answer No to the question Do you want to change your W-4 withholdings for 2020?
3. On the next screen, Review Your Estimates, select Review Now. Answer the questions about things like your 2020 filing status, income, and deductions.
4. Eventually, you'll come to the Print Vouchers? screen. Answer Yes and we'll include your 2020 1040-ES payment vouchers when you print a copy of your return later.

Rest assured that TurboTax uses the most recent tax rates when calculating your 2020 estimated taxes.

Related Information:

• Can TurboTax calculate the estimated payments for next year's state taxes?
• Do I need to make estimated tax payments to the IRS?
• How do I make estimated tax payments?
• What are the federal tax rates for 2019?