We’re excited to announce that TaxSlayer Pro Online now supports a “1040 Estimated Payments Calculator” tool. This tool is housed under the Payments & Estimates menu > Vouchers for 20XX Estimated Tax Payments. Below is a series of screenshots highlighting this new tool.
Users will see the current year column auto-populated from data in the return. The next years column is where users can enter data for next year.
After entering all applicable information, the bottom of the 2nd page will display the estimated tax as well as the suggestion quarterly payments to make during the year. Currently, users will need to manually enter this amount in the Vouchers for Estimated Tax Payments menu. We have entered an enhancement to offer an option to auto-fill the calculated quarterly payment into the Vouchers for Estimated Tax Payments menu.
After completing the 1040 Estimated Payments Calculator tool, users have the option to generate a PDF shown below.
