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lucy0077
New Member

Why does turbo tax project a huge balance due for next year when I've never had to pay before. Nothing has changed

2023 projected balance due
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1 Reply

Why does turbo tax project a huge balance due for next year when I've never had to pay before. Nothing has changed

Did you complete the estimated taxes section and enter something in by accident that doesn't belong?

 

If the program is producing 1040-ES forms and you don't need them then simply ignore them ... they are not sent to the fed/state when you file so they have no idea about them.

 

See this TurboTax support FAQ for calculating 2023 estimated tax payments - https://ttlc.intuit.com/turbotax-support/en-us/help-article/estimated-taxes/turbotax-calculate-next-...

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