turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

ebrown
New Member

Why are estimated taxes based on 110% of last year's taxes instead of 100%?

The box to check says "100% (110%) of your 2018 taxes."  But it calculates on 110%, not on 100%.  Why is there not an option for 100% of 2018 taxes?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Why are estimated taxes based on 110% of last year's taxes instead of 100%?

It is 110% at higher incomes.

ebrown
New Member

Why are estimated taxes based on 110% of last year's taxes instead of 100%?

Why?

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question