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posted Jun 6, 2019 4:40:15 AM

I have filed my 2017 taxes. My income has increase . Is there a tool I can use to predict my tax obligation for the next year 2018, (2017 tax year) .

I will have an partial year income and pension fund for myself and spouse.  Our income is projected to be over 200,000.

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Level 3
Jun 6, 2019 4:40:16 AM

Yes, there is.

  1. Go to Other Tax Situations. 

  2. Go down to Other Tax Forms. 

  3. Click Start or Update by Form W-4 and estimated taxes. 

  4. If you'd like your extra tax taken out of a W-2, then click Yes on the screen Adjust How Much Tax You Pay. 

  5. If you'd like to pay estimates, you can Prepare them by walking through the next screens. 

Keep in mind this is only an ESTIMATE, but it will keep you out of a penalty situation if you follow the instructions.