I already filed my taxes for 2020 with another agency, however I would like to use turbotax for 2021 and more specifically estimated taxes for 2021. Where do I start?

[ErnieS0]

You can use our free Income Tax Calculator 2020 with 2021 numbers to estimate you tax liability and divide the amount by four to come up with estimated tax payments.

To use TurboTax this year, you'd have to enter all your information as if you never filed a return in order to use the estimated tax section in 2020 in TurboTax Online. On top of that, your data would not be saved unless you paid. So you'd have to pay to NOT file a return.

You can buy the desktop\cd version, but you'd also have to put in everything from scratch.

I suggest keeping track of your estimated payments and entering them in TurboTax next year. You should be able to import a PDF copy of your tax return into TurboTax 2021.

Sign up for TurboTax Advantage to get your program ahead of the general public.

[nborges123]

When using the Income Tax Calculator 2020 I was asked what my "net income" for 2020 was. I am unclear what this amount is referring to. I do not believe that 'net income' is a line item on any tax form. Is this my gross earnings minus business deductions/adjustments (what my self employed/medicare/social security taxes are based on)? Is this my agi which includes ira contributions and the self employed deduction? Is this my agi minus my standard deduction and qualified business income deduction? 

[WendyN2]

No, your "net income" is your wages less any income taxes withheld (Federal and/or State), as well as any other withholdings you might have. Basically, "net income" is your "take home pay" - what you actually see on your paycheck as money you have received then - not all that you've "earned". I hope this helps.