Were your 2025 taxes $38,000 or less? Then no estimates are required under the 110% safe harbor rule. That rule says that if your 2025 adjusted gross income was $150,000 or more, then to avoid underpayment of estimated tax penalties, withholding and/or timely estimated tax payments must be at least 110% of your 2025 tax. $38000 tims 1.1 = $41,800, the minimum that needs to be paid in. With withholding at $42,000, that's more than required, so no estimates will be generated. However, if your calculations are correct you'll owe a lot come 4/15/2027. Some people don't like owing a lot, others don't want to make an interest-free loan to the IRS, while
others overpay because they handle money recklessly, spend now and worry about paying later. Without overpaying, they would not have the money to pay the balance due.
if you want ot generate these estimates, proceed as follows:
go to the ES and W-4 worksheet or type W-4 in the search box so you can access it
check the box - by making estimated tax payments and enter the $42,000 as withholding
scroll down untill you see the line tax calculation for your 2026 return
below that should be a line that says "income tax" enter $81,000 in the 2026 expected column
on the estimated tx options worksheet select 100% of 2026 tax.
this should result in Turbotax genrating 1040-ES vouchers totaling $39000($9,750/ per period)
i would suggest that you use the IRS website to make electronic payments. Under a new EO, at some point the iRS will not accept paper checks with the vouchers. all payments will have to be done electronically.
The benefits of epay- no worry about getting lost in the mails. you get to print a receipt. you can specify the date of withdrawal but it can't be past the due date for the estimate. you my even be able to set up
some in advance. a safeguard against forgetting.
also per the EO all refunds now have to be done electronically. no more paper check refunds.
