How do I know what my January 15, 2024 estimated tax payment is for ty 2023?

[Shattah]

Does TurboTax provide this info or do I need to speak with a specialist at QB about my 2023TY earnings to know what amount is due?

[MarilynG1]

If you made Estimated Tax Payments for 2023, the final payment is due 1/15/2024.

It would be the same amount as the prior three quarterly payments you made in 2023.

Here's detailed info on Estimated Taxes and Making Estimated Tax Payments. 

[VolvoGirl]

You could just send in 20% of your  4th quarter net profit.  Or the same amount as the first 3 quarter estimates unless you made a lot more in the last quarter.  

[DoninGA]

And the last date for payment of 4th quarter 2023 estimated tax payments is January 16, 2024, not the 15th.

IRS Form 1040-ES 2023 website - https://www.irs.gov/pub/irs-prior/f1040es--2023.pdf

[ThomasM125]

For most tax filers, you need to pay in 100% of your previous year tax or 90% of your current year tax in quarterly estimates to avoid a penalty for late payment of tax. Your federal income tax from 2022 can be seen on line 24 of your form 1040. From that amount, you can subtract any amount on line 32, which would represents tax credits  that lowered your income tax. Once you arrive at your tax from 2022, you can subtract your estimated taxes paid in 2023 for quarters one to three and that will give you the amount to pay for the fourth quarter of 2023. You may find this link helpful:  Estimated tax payments