Can Turbotax adjust 2021 estimated quarterly tax payments based on expected increase in income in 2021?

special-94901 · ‎February 13, 2021

Jim3J · ‎February 21, 2021

I expect a significant increase in income for 2021. Can TurboTax adjust this so I pay the correct quarterly tax payments?

JohnB5677 · ‎February 22, 2021

Yes, You do have the option to increase your income for 2021. You will see what your earnings were in 2020 and you will then post your anticipated income for 2021.

If you are trying to calculate Estimated taxes for next year:

Start at Other Tax Situations
Scroll down to Other Tax Forms
Choose Form W-4 and Estimated Taxes
Continue through the interview

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Can Turbotax adjust 2021 estimated quarterly tax payments based on expected increase in income in 2021?

Can Turbotax adjust 2021 estimated quarterly tax payments based on expected increase in income in 2021?

Can Turbotax adjust 2021 estimated quarterly tax payments based on expected increase in income in 2021?

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Can Turbotax adjust 2021 estimated quarterly tax payments based on expected increase in income in 2021?

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Can Turbotax adjust 2021 estimated quarterly tax payments based on expected increase in income in 2021?

Can Turbotax adjust 2021 estimated quarterly tax payments based on expected increase in income in 2021?

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