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charliecondosta-
Level 1

According to the Intuit software, I am somehow responsible for paying more in taxes than I have made this year in profit. It is about $500 more than I made. How is this possible? I know the government is greedy but I didn't think that they were this bad!

 
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MarshallA
Intuit

According to the Intuit software, I am somehow responsible for paying more in taxes than I have made this year in profit. It is about $500 more than I made. How is this possible? I know the government is greedy but I didn't think that they were this bad!

Hello,

 

The program does estimates of your yearly income and calculates your quarterly estimated tax payments on that total.

 

You can adjust the estimates for each quarter of income and it will adjust your tax payment amounts.

 

2021-07-25_20-09-01.jpg

 

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