Wages and income section where do i find this section

[jmills92]

How do I calculate my income tax on a 1040es ?

[DS30]

If you are referring to wages and salaries, you will find this section under the federal taxes tab.

Once you have signed into your TurboTax Account (for TurboTax Online sign-in, click Here , then select "Take Me to My Return")  and type "wages and salaries" in the search bar then select "jump to wages and salaries". TurboTax will guide you in entering this information.

Regarding your 1040 - ES calculations -

You can let the TurboTax system calculate your next year's 1040-ES payments or you can go into this section and make adjustments to this calculation as needed.

General Rule

In most cases, you must pay estimated tax for 2017 if both of the following apply.

1. You expect to owe at least $1,000 in tax for 2017, after subtracting your withholding and refundable credits.

2. You expect your withholding and refundable credits to be less than the smaller of:

   1. 90% of the tax to be shown on your 2017 tax return, or

   2. 100% of the tax shown on your 2016 tax return. Your 2016 tax return must cover all 12 months.

Once you have signed into your TurboTax Account (for TurboTax Online sign-in, click Here , then select "Take Me to My Return")  and type "1040-es, estimated tax for next year" in the search bar then select "jump to 1040-es, estimated tax for next year". TurboTax will guide you in entering this information.

Please click IRS - Estimated Taxes for 2017 for more information.

[CDFERRARO]

I sell items at fairs and festivals 

[BrittanyS]

If you sell items at fairs and festivals, this is typically reported as self-employment income.  Self-employed individuals report their income and expenses on a Schedule C form with their 1040 return at the end of the year.  Self-employment income is not listed on a 1040EZ.

To enter Self-employment income into TurboTax, you will follow these steps:

1. Click Wages & Income
2. Scroll down to Self-Employment, click show more
3. Click Start next to self-employment income and expenses
4. Click Add another line of work
5. Click Continue
6. enter the type of business you work in (For example, if you sell crafts at fairs, you can enter craft sales)
7. Answer interview questions as they pertain to your work
8. Enter income and expenses (expenses used for your business, such as fair rental fees, payment processer fees, supplies, etc., can be used to offset the income received)

Listed below are links for more information on self-employment income:

10 Surprising Ways you May be Self-Employed

Reporting Self-Employment Income

@CDFERRARO