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Video instructions and help with filling out and completing Tax computation worksheet

Welcome to the second video for quarterly estimates and this is step one in the spreadsheet so you'll see number two quarterly taxes and then right here step one select your tax information so I'm gonna go line by line through this I do recommend looking at your last year's tax return so first you just select your filing status again yellow you enter in yellow cells throughout the spreadsheet everything else is calculating for you so if you see this little arrow that's a drop down menu so you can see your filing status on your last year's tax return if you're not sure what it is typically your status is based on December 31st 2022 were you single single were you married married filing joint it doesn't matter if you got married on the 31st you're married filing joint for the whole year that's how your status is and then head of household is if you are separated you don't live with your spouse or ex all year but you have a dependent child and whatever you select the amount here will automatically adjust now this second one if you have your tax return in front of you or you may know off the top of your head if you itemize your deductions this spreadsheet isn't set up for that I do have spreadsheets that go with this that I sell that do to your itemized as well but if you know what that amount is if you see it on last year's return you can just enter it here and the calculation will automatically incorporate that so but you would just have to eit and enter it there and enter it for the whole year regardless of which quarter otherwise most people don't itemize now the tax people might have tricked you before and taken your charitable deductions or your employee business expenses but unless all of that unless all of your itemized deductions are greater than this amount right here based on your filing status it doesn't count for anything so typically unless you own a house you have substantial mortgage interest it doesn't most people are actually just take the standard and you don't need to worry about this unless you pretty much own a house in our pain substantial mortgage interest all right personal exemptions and dependency so if you're single you get one personal exemption if you're married in this case like I selected you would get two now I have information in here just to give us something to go on and then dependency deductions so if and you can look at your last year's return typically people know who their dependents are you may have one you enter one you have to enter two calculates the amount now these two questions are based on the calculation for the penalty so do you expect your income that's total income from jobs working for yourself you and your husband do you.