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Level 1
posted Aug 30, 2023 4:00:39 PM

How do I indicate in turbo tax that i paid quartey taxes?

Hello,  now that i will be paying quartly taxes, how does it calculate in turbo tax next year?

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1 Best answer
Level 15
Aug 30, 2023 4:03:50 PM

To enter, edit or delete estimated taxes paid (Federal, State, Local) -

 

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Deductions and Credits
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Estimates and Other Taxes Paid
  • On Estimates, click on the start or update button

Or enter estimates paid in the Search box located in the upper right of the online program screen. Click on Jump to estimates paid

2 Replies
Level 15
Aug 30, 2023 4:03:50 PM

To enter, edit or delete estimated taxes paid (Federal, State, Local) -

 

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Deductions and Credits
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Estimates and Other Taxes Paid
  • On Estimates, click on the start or update button

Or enter estimates paid in the Search box located in the upper right of the online program screen. Click on Jump to estimates paid

Employee Tax Expert
Aug 30, 2023 4:05:00 PM

Hi @7708 !

 

If you used TurboTax this year and paid the quarterly amounts exactly as indicated by the program, it will carry forward to your next year's return.  If the amounts were not the same you can go to the "Other Tax Situations", "Other Tax Forms" section and indicate the amounts you paid.

 

https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-payments/enter-estimated-tax-payments/L4g2XTu9Z_US_en_US

 

 

Hope this helps!