Yes, you can. Turbo Tax does assist in calculation and preparation of Estimated Tax Payments. While the estimated payments are based on your 2016 tax return, you may adjust your income and deductions to properly reflect 2017 tax situation.
Moreover, can turbotax calculate estimated taxes?
When you prepare your taxes, Turbo. Tax can also automatically calculate your estimated tax payments and print out payment vouchers for you to send to the IRS. You can also use Turbo, tax tax Caster to get an estimate of your overall tax picture and if you should make an estimated tax payment.
Can I use turbo tax June 7, 2019 3:52 PM You can use Turbo. Tax to calculate the estimates and print out the vouchers, but you won’t be able to make the payments through the program. Please see the Turbo. Tax Help article below for additional information on making the payments: How do I make estimated tax payments?
To calculate estimated payments, please follow these steps: 1. On the screen, Let’s check for any uncommon tax situatio ns, in the Other Tax Forms section, click on the Start/Revisit box next to Form W-4 and Estimated Taxes.
Why won’t TurboTax Let Me transmit my tax return?
, turbo Tax won’t let me transmit because it says I need and update before transmitting. I am assuming the form requiring updating (one that I don’t need) is preventing me from transmitting my return. February 7, 2021 10:38 AM Turbo. Tax included vouchers for estimated tax payments for 2021.
While we were researching we ran into the inquiry “How much does TurboTax pay for itself for self-employment?”.
Pays for itself (Turbo. Tax Self-Employed): Estimates based on deductible business expenses calculated at the self-employment tax income rate ( 15.3% ) for tax year 2020. Actual results will vary based on your tax situation.
Where can I get help and support with TurboTax?
, turbo Tax specialists are available to provide general customer help and support using the Turbo, and tax product., smart Look on-screen help is available on a PC, laptop or the Turbo. Tax mobile app. Service, area of expertise, experience levels, wait times, hours of operation and availability vary].
Why did I get a voucher for estimated tax payments?
You may get these vouchers if you’re self-employed or had an uncharacteristic spike in your income this year. For example, you sold stock or took a large distribution from your retirement plan. You’re not required to make estimated tax payments; we’re just suggesting it based on the info in your return.
This of course begs the inquiry “How do I print next year’s estimated tax vouchers (Form 1040-ES)?”
Here is what I found. you can print next year’s estimated tax vouchers (Form 1040-ES) in your 2020 program: With your tax return open, search for 1040-es (be sure to include the dash) and select the Jump to link.
Why are Form 1040-ES payment vouchers in my return?
I don’t want to pay estimated tax. Why are form 1040-ES payment vouchers in my return? Just a courtesy in case I want to use them ? If you are receiving a refund or low tax due and Turbo. Tax prepared the vouchers then your tax liability was probably reduced by credits. Your Tax Liability is the amount on 1040 line 16.