How do I estimate my taxes for 2025?

Forum|Forum|8 months ago
September 27, 2025
2 replies
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I want to account for a $160,000 IRA withdrawal.

Hal_Al

Level 15

You can use this tool: https://turbotax.intuit.com/tax-tools/calculators/taxcaster/?s=1

If you used the download (desktop) version of TurboTax (TT), that is, you currently have TT 2024 on your computer, you can make a copy of your 2024 return (click file / save as). Name it something like "2025 Preliminary" and then replace your 2024 entries with your 2025 estimates. It won't be exact because the program uses 2024 tables and numbers. But, it should be close enough for most purposes. I use the override feature to change the standard deduction and MAGI numbers, on the forms, where appropriate.

This doesn’t work with TT online (TTO), because you will override your 2024 return

baldietax

Level 12

are you trying to figure out estimated tax also to avoid penalty? check Form 2210 for the safe harbor calcs and options. if this is a big jump income your safe harbor may be based on prior year tax. if you made estimated tax payments unevenly and later in the year, you may need to file Form 2210 Annualized Income method to hopefully reduce or eliminate any penalty.