Can I still file my 2017 taxes on TurboTax?

Can I still file my 2017 taxes on TurboTax?

A 2017 tax return can be e-filed using TurboTax at any time on or before October 15, 2018. After that date the 2017 can return can only be printed and mailed. There are no penalties for filing a tax return after the due date if filing for a tax refund or there are no taxes owed. …

Can you use TurboTax to estimate taxes?

When you prepare your 2020 return, we’ll automatically calculate your 2021 estimated tax payments and prepare 1040-ES vouchers if we think you may be at risk for an underpayment penalty next year.

How accurate is TurboTax estimator?

100% Accurate Calculations Guarantee: If you pay an IRS or state penalty or interest because of a TurboTax calculation error, we’ll pay you the penalty and interest.

Is it too late to file 2017 taxes?

If you’re late on filing your 2017 taxes, you still have time to do so. The last day to file in time to claim your money is May 17, 2021. However, the IRS requires previous years’ taxes to be submitted on the original form.

What is the formula to calculate taxable income?

Taxable Income Formula = Gross Sales – Cost of Goods Sold – Operating Expense – Interest Expense – Tax Deduction/ Credit.

What if I overpay my estimated taxes?

If you overpaid your estimated taxes this year, do not worry – as this means you won’t owe any penalty to the IRS and you will be eligible to claim a tax refund for the amount you overpaid. You also don’t want to pay too much that you let the IRS hold your money at zero percent interest.

What percentage should I pay for estimated taxes?

Taxpayers must generally pay at least 90 percent (however, see 2018 Penalty Relief, below) of their taxes throughout the year through withholding, estimated or additional tax payments or a combination of the two. If they don’t, they may owe an estimated tax penalty when they file.