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Level 2
posted Feb 13, 2022 10:36:58 AM

TurboTax W-4 Preparation and Estimated Tax Calculation

I completed my federal taxes and am trying to use TT to adjust my W-4 and determine if I need to pay estimated taxes.  I  have a salary and a pension. Federal withholding is taken from my pension.

 

Working through this section, the salary is easy enough to enter, with the expected withholding amount, on the first screen. TT enters the pension amount on the fourth screen,  2022 Other Income. There does not seem to be a screen available to enter withholding from my pension. What am I missing?

 

Should I just add the additional withholding on the first screen which asks for 2022 W-2 wage information? I  suspect adding it here would make the calculation correct; TT would see the total withholding correctly.

 

Thank you for your assistance.

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1 Best answer
Expert Alumni
Feb 13, 2022 12:55:18 PM

Yes, that is correct. You will add the additional withholding on the first screen since that would generate the accurate and correct results.

1 Replies
Expert Alumni
Feb 13, 2022 12:55:18 PM

Yes, that is correct. You will add the additional withholding on the first screen since that would generate the accurate and correct results.