Employee Tax Expert
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CPA, 25+ Experience
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The IRS tool works against the current year (2025) so if you only owed a relative small amount (hundreds) that same amount of income would have fewer taxes on i...
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All other things equal (consistent income, deductions, etc), you can change your withholding but adjusting the form W-4 from your employer. This means that your...
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Underpayment penalties can really add up even if your income is fairly consistent.TurboTax automatically calculates estimated tax payments based on your income ...
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Thanks for the question, Brian. TurboTax will, by default, calculate estimated tax payments based on your current year. These estimated tax payments are based ...
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