Question

With no RMD now due for 202, how do I change estimated taxes?

Forum|Forum|6 years ago
April 20, 2020
3 replies
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TurboTax Self Employed Online

Employee

Just reduce the amount of the payments by the new estimated amount.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

VolvoGirl

Employee

You can cross out the amount on the 1040ES and change it.

RobertG

Here's how to change your estimated tax amounts in TurboTax:

With your tax return open, search for 1040-es (be sure to include the dash) and select the Jump to link.
Answer No to the question Do you want to change your W-4 withholdings for 2020?
Answer the questions about things like your 2020 filing status, income, and deductions.
Eventually, you'll come to the Print Vouchers? screen. Answer Yes and we'll include your 2020 1040-ES payment vouchers when you print a copy of your return later.

TurboTax uses the most recent info when calculating your 2020 estimated taxes.

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