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Does turbotax help determine quarterly payments?

 
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Does turbotax help determine quarterly payments?

To prepare estimates for next year you start with your current return, but be careful not to change anything.  For Online returns, if you can't get back into your return, Click on Add a State to let you back into your retun.

 

You can just type W4 in the search box at the top of your return , click on Find. Then Click on Jump To and it will take you to the estimated tax payments section. Say no to changing your W-4 and the next screen will start the estimated taxes section.

 

Or Go to….

Federal Taxes or Personal (Desktop H&B)

Other Tax Situations

Other Tax Forms

Form W-4 and Estimated Taxes - Click the Start or Update button

Does turbotax help determine quarterly payments?

I don't  understand.

Last year (2019) I was a W2 employee with a total income of approximately 55,000.

 

This year I have 2 new and completely different jobs. Primary job is 1099 making 80,000 per year. The other is W-2 making about 60,000 per year. I need to figure out how much my quarterly payments are for the 1099 work taking into account my new tax bracket. Using the taxes from 2019 to calculate my 2020 quarterly payments will leave me with a nasty bill for taxes next year. Does turbo tax help me calculate quarterly payments for 2020?

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