I prepared and filed my 2021 tax return using TurboTax Home & Business Edition (Windows/CD).
I noticed that for 2022 Federal Estimated Taxes all 4 vouchers were included in the final 2021 tax file, but for California, only the 1st, 2nd and 4th vouchers were included.
Is this an error in the software? Why would it not include the 3rd estimated California tax payment?
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There is no California 3rd quarter estimated payment. They don't want one. They want 30% 40% 0% 30%. Scroll down and see When to Pay here,
https://www.ftb.ca.gov/pay/estimated-tax-payments.html
There is no California 3rd quarter estimated payment. They don't want one. They want 30% 40% 0% 30%. Scroll down and see When to Pay here,
https://www.ftb.ca.gov/pay/estimated-tax-payments.html
Thanks! I was wondering why my 2nd payment was more than my 1st, now I know.
not only do they want the 30%/40%/0%/30%, but if you pay equal amounts quarterly (like most rational people would do), they ding you for underpayment penalties for the first two payments (CA - taking simplicity and turning it into stupidity one form at a time).
I recommend just paying the man as they want it and be aware of possible more stupid changes going forward.
kk2
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