How are estimated taxes calculated ?

easeybob · ‎February 16, 2020

For 2020

LinaJ2020 · ‎February 16, 2020

Based on your 2019 tax information, the program uses one of the lower of the IRS approved methods form below to calculate your estimated tax payments.

90% of your estimated 2020 taxes
100% (110%) of your actual 2019 taxes

I am attaching a TurboTaxHelp article for your reference:

Estimated taxes

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

LinaJ2020 · ‎February 16, 2020

Based on your 2019 tax information, the program uses one of the lower of the IRS approved methods form below to calculate your estimated tax payments.

90% of your estimated 2020 taxes
100% (110%) of your actual 2019 taxes

I am attaching a TurboTaxHelp article for your reference:

Estimated taxes

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Expert does your taxes

Do it yourself

Resources

Support

How are estimated taxes calculated ?