Welcome back! Ask questions, get answers, and join our large community of tax professionals.

Federal Estimated Tax Worksheet and State

cancel
Showing results for 
Search instead for 
Did you mean: 

Federal Estimated Tax Worksheet and State

PL22

When entering changes to income, withholding, &  deductions you have to calculate an addition or subtraction to get the end result.  Example If the 2022 wages is $250,00 but the 2023 wages will be $110,000, you have to enter -$140,000 to wages. It would be better to just have to enter $110,000.  Also the state estimate taxes should follow the federal income when making these type of estimated income changes.  For Massachusetts, the estimated income should follow the federal income.  I had to look at the estimated federal income and make a negative change to my MA income to my state estimated income equal to my federal income.  Example my federal income is $200,000, but the state shows $380,000.  I had to enter -$180,000 to get the state income equal to federal income. 

Status: New
0 Votes
Vote now if this is a good idea