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After filing my 2020 return, how do I get back into Turbo Tax to calculate my estimated tax payments for 2021?

 
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RayW7
Expert Alumni

After filing my 2020 return, how do I get back into Turbo Tax to calculate my estimated tax payments for 2021?

In TurboTax go to the Search tab and enter Estimated Tax.  It will prompt you on how to see and adjust my estimated tax payments.

 

Based on your 2020 tax info, we’ll use the lower of the following IRS approved methods to calculate your estimated tax payments.

  • 90% of your estimated 2021 taxes
  • 100% (110%) of your actual 2020 taxes

There are two additional IRS approved methods available:

  • 100% of your estimated 2021 taxes
  • 66 2/3% of your estimated 2021 taxes (farmers and fishermen only)

If you’d like to use one of the additional methods, answer Yes to the question "Do you want to adjust your income or deduction?" on the Review Your Estimates for 2021 screen. Once you review your income and deductions, you’ll have the option to select from any of the four methods.

 

for additional information -

Estimated Taxes: How to Determine What to Pay ... - TurboTax

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19 Replies
RayW7
Expert Alumni

After filing my 2020 return, how do I get back into Turbo Tax to calculate my estimated tax payments for 2021?

In TurboTax go to the Search tab and enter Estimated Tax.  It will prompt you on how to see and adjust my estimated tax payments.

 

Based on your 2020 tax info, we’ll use the lower of the following IRS approved methods to calculate your estimated tax payments.

  • 90% of your estimated 2021 taxes
  • 100% (110%) of your actual 2020 taxes

There are two additional IRS approved methods available:

  • 100% of your estimated 2021 taxes
  • 66 2/3% of your estimated 2021 taxes (farmers and fishermen only)

If you’d like to use one of the additional methods, answer Yes to the question "Do you want to adjust your income or deduction?" on the Review Your Estimates for 2021 screen. Once you review your income and deductions, you’ll have the option to select from any of the four methods.

 

for additional information -

Estimated Taxes: How to Determine What to Pay ... - TurboTax

After filing my 2020 return, how do I get back into Turbo Tax to calculate my estimated tax payments for 2021?

Thank you very much.  What you sent was exactly what I needed.

After filing my 2020 return, how do I get back into Turbo Tax to calculate my estimated tax payments for 2021?

That does not help at all.

I don't see how to find or print out my 2021 Estimated Taxes.

JohnB5677
Expert Alumni

After filing my 2020 return, how do I get back into Turbo Tax to calculate my estimated tax payments for 2021?

If you want to get back into TurboTax after you've already filed your return you will have to be very careful.  DO NOT CHANGE ANYTHING ON YOUR RETURN.  It will change wat is carried to next year, and it will not maintain the original if you wish to amend your return.

 

Log back in your TurboTax account and "add a state" to open the return back up (you are not really adding a state, just to open it back up).

 

This will bring you back into your return.

 

 

TurboTax does offer a tax estimator and will help you to prepare your W-4.

  1. In TurboTax please follow these steps:
  2. After opening the return select FEDERAL
  3. Choose Other Tax Situations
  4. Scroll down to Other Tax Forms
  5. Select Show More
  6. Scroll to Form W-4 and Estimated Taxes
  7. Follow the steps from there

There is also an Online version that can be reached at: TurboTax Tax Estimator

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Jpm919
New Member

After filing my 2020 return, how do I get back into Turbo Tax to calculate my estimated tax payments for 2021?

Re: After filing my 2020 return, how do I get back into Turbo Tax to calculate my estimated tax payments for 2021?

JotikaT2
Employee Tax Expert

After filing my 2020 return, how do I get back into Turbo Tax to calculate my estimated tax payments for 2021?

Please refer to the reply by JohnB5677 above. 

 

He has listed all of the steps you need to follow to access your estimate payment vouchers and make updates within the program.

 

@Jpm919

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After filing my 2020 return, how do I get back into Turbo Tax to calculate my estimated tax payments for 2021?

Yes, thank you. It is frustrating that when you search for "Estimated Taxes" that it does not explain how to actually find them.

ckemp1
New Member

After filing my 2020 return, how do I get back into Turbo Tax to calculate my estimated tax payments for 2021?

Thank you! Add State option, worked for me!  It is odd this area is a bit vague when completing taxes. Should ask you to print at the Estimated Taxes page or something.

Vruths2
New Member

After filing my 2020 return, how do I get back into Turbo Tax to calculate my estimated tax payments for 2021?

I need pay my 2020 income taxes.  How do I get current amount do and how do I pay?

After filing my 2020 return, how do I get back into Turbo Tax to calculate my estimated tax payments for 2021?


@Vruths2 wrote:

I need pay my 2020 income taxes.  How do I get current amount do and how do I pay?


Assuming that you have filed the 2020 tax return and indicated that you will pay the taxes owed by check instead of direct deposit from your bank account -

If you have federal income taxes owed on the 2020 federal tax return, the amount will be shown on the federal tax return, Form 1040 Line 37.

To access your current prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/

Scroll down to the bottom of the screen and on the section Your tax returns & documents click on Show.  Click on the Year and Click on Download/print return (PDF)

 

Go to this IRS payment website to pay the taxes owed using Direct Pay - https://www.irs.gov/payments

 

Since the payment is late for the 2020 tax return, the IRS will mail you a bill for penalties and interest after the IRS receives your payment.

After filing my 2020 return, how do I get back into Turbo Tax to calculate my estimated tax payments for 2021?

how do i get into last years account so i can file this year taxes

After filing my 2020 return, how do I get back into Turbo Tax to calculate my estimated tax payments for 2021?

It's common to end up with multiple accounts. First LOG OUT of whatever TurboTax account you're logged into right now. Then use this TurboTax account recovery website to get a list of user ID's for an email address. Run the tool against any email addresses you may have used
https://myturbotax.intuit.com/account-recovery/

If you used the Desktop CD/Download program then the only copy is on your computer and not saved or stored online.


After filing my 2020 return, how do I get back into Turbo Tax to calculate my estimated tax payments for 2021?

I just filed 2021 taxes electronically. 

 

Now I have noticed that there are 4 estimated quarterly vouchers that indicate payments for next year that are much higher than I anticipate owing. Actually, I am anticipating a refund next year.

 

Can I just ignore these quarterly payment vouchers and settle up at tax time?

Or should I go into the Turbotax program somehow and adjust my inputs so that there will be no vouchers and then amend the return?

After filing my 2020 return, how do I get back into Turbo Tax to calculate my estimated tax payments for 2021?


@scalaboach wrote:

I just filed 2021 taxes electronically. 

 

Now I have noticed that there are 4 estimated quarterly vouchers that indicate payments for next year that are much higher than I anticipate owing. Actually, I am anticipating a refund next year.

 

Can I just ignore these quarterly payment vouchers and settle up at tax time?

Or should I go into the Turbotax program somehow and adjust my inputs so that there will be no vouchers and then amend the return?


The Forms 1040-ES are for your use only.  You can disregard them if not needed.

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