how do I prepay dividend income using turbo tax?

[kimdav111]

I receive dividends in a taxable account. How to I prepay these dividends using turbo tax.

I will be filling out a 1040 at the end of the year as well.

Want to do the same for my federal taxes.  Prepay my dividends.

[DawnC]

If taxes aren't withheld from the income you receive, making quarterly estimated tax payments can help you avoid paying a big tax bill or an underpayment penalty in April.

You’re Self-Employed

You receive significant income from other sources  -  if you receive dividends you need to pay tax on.

Avoid possible penalty

If you underpay your taxes during the year, you might face a penalty at tax time. Here's how to determine what you need to pay and when.

Related Information:

• Why did 1040-ES estimated tax vouchers print out? Do I need them?
• Can TurboTax calculate next year's federal estimated taxes?
• How do I make estimated tax payments?
• How does TurboTax calculate my estimated tax payments?
• Can TurboTax calculate the estimated payments for next year's state taxes?

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[kimdav111]

I am already taking the maximum deductable for taxes on both federal and state.  How do I pay additional taxes in addition before I accrue and tax penalty.  what for do I fill for both federal and Maryland state?

[VictoriaD75]

The only way to pay additional taxes is through estimated tax payments. The steps for making Federal estimated tax payments are included in the thread above. For the state of Maryland, follow the information in the link below:

Maryland Estimated Tax Payments