topic How do I figure my estimated federal tax for next year? in Get your taxes done using TurboTax

How do I figure my estimated federal tax for next year?

willardbates76 — Wed, 11 Feb 2026 03:51:38 GMT

Re: How do I figure my estimated federal tax for next year?

ee-ea — Sun, 11 Feb 2024 05:29:58 GMT

https://turbotax.intuit.com/tax-tips/small-business-taxes/estimated-taxes-how-to-determine-what-to-pay-and-when/L3OPIbJNw

Re: How do I figure my estimated federal tax for next year?

MonikaK1 — Tue, 13 Feb 2024 01:43:49 GMT

In addition to reviewing the TurboTax tips article referenced by @ee-aa, there are several options from which to choose to calculate estimated taxes. There are tools in TurboTax that you can use:

You can choose to prepare new estimated tax vouchers in TurboTax if you want to pay a higher amount quarterly, even if the amount you are already planning to pay is enough to avoid a penalty for 2024. Go to Other Tax Situations, Other Tax Forms, Form W-4 and Estimated Taxes.

You can also plan estimated payments to your state using TurboTax. See this article for details.

You can use the TaxCaster Tax Calculator tool online outside the TurboTax program to prepare estimates.

For wages, pensions, or other recurring payments, you can use the IRS tax withholding estimator.

@willardbates76

Re: How do I figure my estimated federal tax for next year?

PL-VT — Fri, 16 Feb 2024 19:33:02 GMT

@MonikaK1 Thank you for your detailed descriptions to where to plan for next year's taxes as I missed the option to do so while working on this years taxes and was failing at finding it on my own. Your info was perfect!