Quartet tax payments

Forum|Forum|1 year ago
August 28, 2024
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My W-2 income withholding does not cover my tax needs for my investments. This past tax year I owed to both federal and state. (MA) . Last year was the first year I used your TurboTax online prep. In the past, the accountant gave me quarterly tax payment coupons to mail in. Since I owed last year, I need to pay quarterly taxes (110% of 2023 tax owed) in order not to be given a penalty for underpayment. Where in the TurboTax program can I find, the amount to pay quarterly for 2024 to avoid underpayment? Additionally, I need to print the payment coupons for IRS and the state of Massachusetts.

dev145

You can generate estimated tax voucher from "Other Tax Situations" section. Click on "Other Tax Situations -> Other Tax Forms -> From w4 and Estimated Taxes".

For MA state, as you go thru state tax question, TurboTax will ask you about estimated taxes for next year. It is located under "Other Situations" on state return.