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The TurboTax desktop software for tax year 2023 should be available in mid-November. The 2023 online editions should be available in early December.
You can use the current 2022 TaxCaster for estimations for tax year 2023 - https://turbotax.intuit.com/tax-tools/calculators/taxcaster/
Even though the downloaded program comes out sometime in November each year it is only a beta version which will not be fully operational until late January at the earliest (much later for some forms and the state programs). Efiling will not be open until late January at best so do not be in a rush to file.
Same with the Online version which becomes functional sometime in December.
http://taxpreparationsoftware.com/
If you are trying to do some 2023 tax planning then use the fully operational 2022 downloaded version instead.
This is my mini version of a tutorial that should be in the downloaded program:
Forms Mode lets you view and make changes to your tax forms "behind the scenes."
If you're adventurous, you can even prepare your return in Forms Mode, but we don't recommend it. You may miss obscure credits and deductions you qualify for, and you may forget to report things that will come back and haunt you later.
Forms Mode is exclusively available in the TurboTax CD/Download software. It is not available in TurboTax Online.
If you want to play around with different figures and tax scenarios without affecting your original return you can ….
Once you have filed successfully … you can shut off the auto updater function and then save the return & .taxfile.
For Windows, up in the top menu, you can set the "Updater Preferences" to "Always Ask" or more commonly set to "I don't have an internet connection" (even if you do), and then you are not forced to update....and can manually force an update when you choose to do so. And then you can open the file(s) at any time with no forced upgrade.
But that's the Windows software.....not a MAC. For a MAC you cannot turn off the auto updater HOWEVER you can simply disconnect from the internet before opening the tax return.
It's always a good idea to make a backup copy of your tax data file, in case your original gets lost or corrupted. Here's how:
If you make changes to your original tax return file, repeat these steps to ensure your original and backup copies are in-synch.
AND save it as a PDF so you have access to a copy even if you don’t have the program still installed and operational :
AND protect the files :
*** Other clues to the downloaded program ***
In the forms mode ... double click or right click on a box on a form to data source it ... sadly it doesn't work on all boxes.
When you look at an onscreen tax form using Forms Mode, you might wonder why one figure is blue and the one next to it is red or black.
These colors indicate the source of that data.
Color | Meaning |
Blue | You entered this data, either in the interview or Forms Mode. |
Black | The program entered this data or calculated this amount. |
Red | This data has either been overridden or is invalid (for example, a ZIP code that doesn't exist). |
Red italics | You marked this amount as estimated. |
Black italics | The program calculated this amount from an amount you marked as estimated. |
Purple | This information has supporting details. |
Aquamarine | This data was transferred over from last year. |
Green | This data was imported from Quicken or QuickBooks. |
Yellow fields (Windows) | Yellow fields allow user input. Anything you enter here shows up in blue. |
PRIOR YEAR USE OF A SUPPORTING DETAILS WORKSHEET :
If you find you have a $0 in an entry field that cannot be changed … this issue is almost always one in which you used a "Supporting Details" (SD) sheet in that field in the prior year. What happens is that when you transfer in the prior year's data, the SD sheet is transferred too, but empty...and that causes the $0 to show up in many areas of the Step-by-Step mode interview....wherever the SD sheet was used before.
But when switching to Forms Mode, when you try to enter a $$ amount in a field where the SD sheet is attached, the SD sheet will pop up immediately, and you can either enter the $$ amount on that sheet, or delete the SD sheet entirely and avoid future issues (unless you really want the SD sheet)
Sometimes, when you see the $0 in Step-by-Step, you can just
Using the online version of TurboTax, you can create a separate TurboTax account and create a simulated 2023 tax return using 2022 TurboTax (until the online version of TurboTax is shut down shortly after October 15 to allow modifications to be made for the new tax year). This will only be an approximation since it will be using the 2022 tax tables and 2022 cost-of-living-adjusted amounts instead of those for 2023 which could be rather different given the current rate of inflation. Generally, this will produce an overestimation of tax liability. You'll only be able to view Form 1040 and Schedules 1 through 3, no other forms or schedules. You will have to manually enter any carryover information because you cannot transfer a 2022 tax return into 2022 TurboTax as if it was the prior-year tax return. You will not be able to use this file to actually prepare your 2023 tax return. Unlike the CD/download version, no overrides are possible with the online version that might be used to accommodate changes to cost-of-living-adjusted amounts.
TaxCaster is essentially useless. The 2023 version of online TurboTax will be available in December months before TaxCaster is updated for 2023.
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