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special-94901
New Member

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

 
2 Replies
Jim3J
Level 2

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

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

JohnB5677
Expert Alumni

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