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New Member
posted May 31, 2019 5:42:45 PM

How can I set up estimated taxes. I went to the eftps.gov website, but cannot access a 1040-es form. ?

  I received a refund this year.  I actually paid too much in estimated taxes last year, but know I should pay again for 2016.  I can't find a way to get to the estimated tax forms in the program.

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1 Replies
Expert Alumni
May 31, 2019 5:42:47 PM

Turbo Tax does assist in calculation and preparation of Estimated Tax Payments. While the estimated payments are based on your 2015 tax return, you may adjust your income and deductions to properly reflect 2016 tax situation.

Once your 2015 tax return is prepared, please visit:

1.     Federal Taxes Tab (please see attached picture)

2.     Other Tax Situations tab

3.     Other Tax Forms, select Form W-4 and Estimated Taxes

At this point, Turbo Tax will ask a series of questions. The first question is in regards to form W4 withholdings. If form W-4 is no longer applicable, select ‘No’ and continue.

Turbo Tax originally calculates estimated taxes based on your 2015 information.  Since your 2016 information is different, please make sure that you make adjustments to your income and deductions so that Turbo Tax can recalculate your estimated payments for 2016.  Otherwise, the estimates will not be accurate and you will under or overpay. To do so, please answer “Yes” to “Do you want to adjust your income and deductions?” and continue through the questions. Once you are done, you will be able to print the estimated vouchers.