Search results
Results from the Tech24 Deals Content Network
You can use TurboTax to estimate next year's taxes. You'll answer the questions about things like your 2024 filing status, income, and deductions, and TurboTax will prepare vouchers for you to print. Estimate next year's federal taxes. Estimate next year's state taxes. Mail your payment along with the corresponding 1040-ES voucher to the IRS ...
Scroll down to Next year's return to see your next estimated federal tax refund. Update any information based on your life changes (such as starting a new job or getting married) to recalculate the refund number. If you don't have exact answers, we can still give you a ballpark estimate of your refund. We'll use the information you enter and ...
by TurboTax•3878• Updated 7 months ago. For tax years 2022, 2021, or 2020. To file a new prior-year return, you'll need to purchase and download that year'sTurboTax software for PC or Mac, as TurboTax Online and the mobile app are only available for the current tax year. (Note: Returns for tax years 2019 and earlier are no longer eligible ...
by TurboTax• 600• Updated 1 month ago. Based on your 2023 tax info, we’ll use the lower of the following IRS-approved methods to calculate your estimated tax payments. 90% of your estimated 2024 taxes. 100% of your actual 2023 taxes (110% if your adjusted gross income was higher than $150,000, or $75,000 if Married Filing Separately)
TurboTax blog. Learn about the latest tax news and year-round tips to maximize your refund. Check it out. The TurboTax community is the source for answers to all your questions on a range of taxes and other financial topics.
If you want to add Form 1040-ES vouchers to your return yourself, follow these instructions. Mail your payment along with the corresponding 1040-ES voucher to the IRS address listed on the voucher. Quarterly payment due dates are printed on each voucher. Additional estimated tax payment options, including direct debit, credit card, cash, and ...
2023 taxable income. Tax formula. Sample calculations. $0–$15,700. 10% of the taxable income. $5,000 income = $500 tax. Over $15,701 but not over $59,850. $1,570 plus 12% of the excess over $15,700. $50,000 income = $5,686 tax.
by TurboTax•103• Updated 7 months ago. The AMT is an "alternative" tax that TurboTax calculates along with your regular federal tax. If the alternate method results in a higher tax than the regular method, you pay the difference on top of your regular tax. How is AMT calculated?
Select Open Form, enter What-If Worksheet (it may appear as What-If Wks), and select Open Form. Select the MFJ vs. MFS box. Scroll down to Balance Due (Refund) located under Line 72. The second column shows the federal outcome for a joint return, and the third and fourth columns show the outcome for the taxpayer and spouse if filing separately.
by TurboTax•1482• Updated 2 months ago. When you prepare your 2023 return, we'll automatically calculate your 2024 estimated tax payments and prepare 1040-ES vouchers if we think you may be at risk for an underpayment penalty next year. You can also calculate your 2024 estimated taxes and generate the payment vouchers by doing this: