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Is there a way to update Est Tax Info? What was stored in my Taxes for Income/Expense by Quarter is wrong and therefore my estimated Taxes are highly overestimated.

 
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QuickBooks Team

Hi there, @triciaheard, Let's correct the calculation of...

Hi there, @triciaheard,

 

Let's correct the calculation of your federal estimated taxes by updating your tax profile information. Please follow the steps listed below for your guidance.

 

  1. Click the Gear icon beside your name.
  2. Select Tax profile under Taxes.
  3. Go to the Tax profile tab, then make necessary changes in this page.
  4. Click Save when you're done.
  5. You can always check your tax profile information from the Quarterly Estimated Taxes page.

I've also added this article: How we calculate estimated tax payments for more details. This link includes three main things on how your taxes are calculated:

  • Self-employment income and deductions
  • Projections for the current year
  • Tax bracket and tax profile.

Feel free to read through this page: Pay Federal Estimated Quarterly Taxes. This link provides detailed steps on how to pay your returns online or via mail payment.

 

Fill me in if there's anything else you need with your taxes and I'd be glad to help you out.

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