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Level 2
posted Apr 14, 2021 10:43:16 AM

How are you supposed to know your April 15, 2021 estimated tax payment for Quarter 1 if you haven’t yet done your 2020 tax return yet?

How are you supposed to know your April 15, 2021, estimated tax payment for Quarter 1 if you haven’t yet done your 2020 tax return? (  Self Employed, Sole Proprietorship)

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1 Replies
Expert Alumni
Apr 14, 2021 11:23:40 AM

You can try using TurboTax Taxcaster.  This is TurboTax tool to help you project your income tax.  If you have a ballpark number for your net self employment income, this should at least get you in the right neighborhood.  Click here to use Taxcaster.