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April 10, 2020
Question

Will my estimated taxes be less due to lower income in 2020 from the virus?

  • April 10, 2020
  • 1 reply
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1 reply

Employee
April 10, 2020

Yes your estimated taxes would be affected by your 2020 income. You can pay whatever amount you think is appropriate for what your income will be. You do not have to use the amounts shown of the 1040-ES forms printed by TurboTax.