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New Member
posted Jun 1, 2019 10:49:11 AM

Why are estimated taxes based on 110% of last year's taxes instead of 100%?

The box to check says "100% (110%) of your 2018 taxes."  But it calculates on 110%, not on 100%.  Why is there not an option for 100% of 2018 taxes?

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2 Replies
Level 15
Jun 1, 2019 10:49:12 AM

It is 110% at higher incomes.

New Member
Jun 1, 2019 10:49:13 AM

Why?