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I see you are self-employed. If you are self-employed and have a tax liability, TurboTax will calculate estimated tax vouchers. The US tax system is supposed to be "pay-as-you-go", so if you are not withholding taxes from a paycheck, you are supposed to pay in quarterly. If you do not, you are subject to an underpayment penalty when you file taxes.
See full article on estimated taxes:
I see you are self-employed. If you are self-employed and have a tax liability, TurboTax will calculate estimated tax vouchers. The US tax system is supposed to be "pay-as-you-go", so if you are not withholding taxes from a paycheck, you are supposed to pay in quarterly. If you do not, you are subject to an underpayment penalty when you file taxes.
See full article on estimated taxes:
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