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mathpath-school-
Level 1

Why did my estimated tax not change when I added $7k of income?

 
2 Comments 2
ChristineJoieR
QuickBooks Team

Why did my estimated tax not change when I added $7k of income?

Welcome back to Community, @mathpath-school-.
 
You appear to be utilizing QuickBooks Self-Employed, based on your scenario (QBSE). Thus, let me help you with the issue.

 

 

First and foremost, let’s perform browser troubleshooting to have the best experience with QuickBooks Self-Employed.

 

 

Consider the following suggestions:

 

  1. Restart your browser.
  2. Clear your browser's cache.
  3. Add Intuit as a trusted site.
  4. Press Ctrl+J in any browsers like Google Chrome, Fire fox, or Microsoft Edge.

 

QuickBooks solely computes estimated quarterly federal taxes. It does not account for additional taxes, such as:

 

Please refer to this article for your reference about estimated tax.

 

It is very important to categorize transactions and it should be matched to a line on your Schedule C so it will show up within your financial reports. See article below: 

 


 
Please feel free to get back here in the Community if you need more help with your tax payments in QuickBooks. I'd be more than happy to assist you. Stay safe and have a good one!

WoodsTrans
Level 1

Why did my estimated tax not change when I added $7k of income?

Not sure why I was tagged in this- this was not my question./

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