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Level 2
November 21, 2024
Question

Can I make a "pre-forma" return on TT before the end of the tax year?

  • November 21, 2024
  • 7 replies
  • 20 views
I want to see how certain potential tax moves that I would need to make before the end of the year will affect my 2024 return.

    7 replies

    VolvoGirl
    Level 15
    November 21, 2024

    Yes if you use the Desktop program.  You could use the 2023 program by doing a test return or using the What-If Worksheet.   Or do a test return in the the 2024 Desktop program.  The Online version for 2024 has not opened  yet, not until December.   

    Stickman4Author
    Level 2
    November 21, 2024

    Thanks!

     

    DoninGA
    Level 15
    Level 15
    November 21, 2024

    You can use the TurboTax calculator TaxCaster to get an estimate of taxes owed or a tax refund.  The calculator is for tax year 2023 but will give a good estimate for 2024 - https://turbotax.intuit.com/tax-tools/calculators/taxcaster/

     

    If you used the TurboTax desktop editions for tax year 2023 you can use the What-If worksheet in Forms mode for estimating 2024.  Click on Forms.  Click on Open Form at the top left of the Forms mode screen.  Type in What-If.

    Stickman4Author
    Level 2
    November 21, 2024

    Thank you so much!