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ChipCohrs
March 22, 2021
Question

Is there an easy way to estimate what next years taxes may be?

  • March 22, 2021
  • 1 reply
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    1 reply

    RayW7
    RayW7
    March 22, 2021

     

    Yes - TurboTax can help you calculate both your federal and state estimated taxes for next year:

     

    If you are using the downloaded version : When you prepare your 2020 return, we'll automatically calculate your 2021 estimated tax payments and prepare 1040-ES vouchers if we think you may be at risk for an underpayment penalty next year.

     

    Please see the following TurboTax FAQ, "Can TurboTax calculate next year's federal estimated taxes?":

     

    -for more information follow these links-

    Tax Calculator and Refund Estimator 2020-2021 | TurboTax ...

    Estimated Taxes: How to Determine What to Pay ... - TurboTax

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