Can
TurboTax calculate next year's federal estimated taxes?
When
you prepare your 2018 return, we'll automatically calculate your 2019
estimated tax payments and prepare 1040-ES vouchers if we think you may be at
risk for an underpayment penalty next year.
You
can also calculate your 2019 estimated taxes and generate the payment vouchers
by doing this:
1. Under Your tax returns & documents,
select Add a State. (You’ll not
actually be adding a state to your taxes.)
With your tax return open, search for 1040-es (be
sure to include the dash) and select the “Jump to” link.
2. Answer No to the question Do
you want to change your W-4 withholdings for 2019?
3. On the next screen, Review Your Estimates,
select Review Now. Answer the
questions about things like your 2019 filing status, income, and
deductions.
4. Eventually, you'll come to the Print
Vouchers? screen. Answer Yes and
we'll include your 2019 1040-ES payment vouchers when you print a copy of your
return later.
Rest
assured that TurboTax uses the most recent tax rates when
calculating your 2019 estimated taxes.
Related
Information:
·
Can TurboTax calculate the estimated payments for next
year's state taxes?
·
Do I need to make estimated tax payments to the IRS?
·
How do I make estimated tax payments?
·
What are the federal tax rates for 2018?
