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Taxes are pay-as-you-go. This means that you need to pay most of your tax during the year, as you receive income, rather than paying at the end of the year.
To figure out how much federal income taxes you need to send in, see What are the federal tax rates for 2020?
Hi Helen! You've helped me alot through all this but I am still needing some additional help. Please call at your earliest convenience. Thank you
Taxable income can be found on line 15 of the 2020 Federal 1040 tax return. This is the number referenced in the left hand column of the tax tables in this TurboTax Help.
You can review the 1040 in TurboTax Online by following these directions.
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