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barbara-stefl
March 21, 2025
Question

When annualizing income, deductions and tax payments, where does the "Other Taxes" number come from? Turbo Tax is populating this for me, but from where?

  • March 21, 2025
  • 1 reply
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    1 reply

    M
    mglauner
    March 27, 2025

    Look at your Schedule 2, Part II, Other Taxes.

     

    Or, look at Form 1040, Line 23, for Other Taxes, including Self Employment Tax. 

     

    If you want to use a simple method for annualizing your income, take your yearly income and divide by 12.  Annualizing is a method to help you budget your tax payments throughout the year.

     

    Here's more detailed info on Form 2210.

     

    @barbara-stefl 

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