helenyin
Level 5
‎03-22-2022 01:20 PM

Hi there,

I do I do estimate tax calculation by providing estimated income? I haven't figured out a place of entering those estimated income and deductions.

Thank you in advance.

Helen

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dkh
Level 15
‎03-22-2022 01:43 PM

Does Basic have Tax Planner ?      Ctrl+F   type PL  in the Find box

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Just-Lisa-Now-
Level 15
Level 15
‎03-22-2022 01:47 PM
the 1040ES worksheet has a place down down down the form to accommodate estimated changes for the next year.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

View solution in original post

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helenyin
Level 5
‎03-22-2022 03:50 PM

Thanks. Not sure whether estimated income and deduction entered here will be carried to the State estimates.

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Just-Lisa-Now-
Level 15
Level 15
‎03-22-2022 03:51 PM
Im not sure either, you may have to reenter it on the state ES worksheet.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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helenyin
Level 5
‎03-22-2022 04:52 PM

Thank you.

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helenyin
Level 5
‎03-22-2022 05:59 PM

I used the worksheet to calculate the Federal estimated tax. However, I don't get it how the income tax was calculated. I just felt the estimated amount is too high. Is there a way to figure out how it is calculated?

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