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Question

Estimated Taxes

1 reply
30 views

My wife is retiring and shutting down her business halfway through 2024, and I'm at loss how to calculate her estimated taxes. Using 2023 tax info would result in a large overpayment. Changing the 2024 estimated income in the TurboTax worksheet to our best guess results in a ridiculously low number which would almost certainly be an underpayment. They should be about half the estimates we paid in 2023...

Alumni - Intuit

You also have the option of making only the first two of the payments, which might be the solution for your situation.

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