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I retired this year and want to check to see how much I'm going to owe as I did have some ordinary income from my previous job. I'm not finding a way to do an estimate for 2025.

 
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Loretta P
Employee Tax Expert

I retired this year and want to check to see how much I'm going to owe as I did have some ordinary income from my previous job. I'm not finding a way to do an estimate for 2025.

@Mark466 - I understand being hesitant.  The taxable portion of Social Security benefits range from 0% up to 85% depending on your income from sources outside of Social Security.  You can use this IRS worksheet to help determine how much of your Social Security may be taxable:  A Quick Way To Check if Your Benefits May Be Taxable 

 

You definitely need to include at least an estimated Social Security amount when you do the calculators mentioned in my original response.  Omitting Social Security would impact the result from the calculator.

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3 Replies
Loretta P
Employee Tax Expert

I retired this year and want to check to see how much I'm going to owe as I did have some ordinary income from my previous job. I'm not finding a way to do an estimate for 2025.

TurboTax has several tax calculators and money-saving tax tools available.  As tax year 2024 has just ended not all the calculators have been updated yet for tax year 2025.  

2024-2025 tax calculators and money-saving tax tools 

Tax Calculator 2024 

 

Other helpful links:

Do I need to make estimated tax payments to the IRS?

Can TurboTax calculate next year's federal estimated taxes?

How to Estimate Federal Withholding

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I retired this year and want to check to see how much I'm going to owe as I did have some ordinary income from my previous job. I'm not finding a way to do an estimate for 2025.

This didn't include my Social Security Benefits, only the amount from my employer. If I can trust this then I'll owe $0 which is great. However I am suspicious and do not want to have any penalties or interest, if possible. 

Loretta P
Employee Tax Expert

I retired this year and want to check to see how much I'm going to owe as I did have some ordinary income from my previous job. I'm not finding a way to do an estimate for 2025.

@Mark466 - I understand being hesitant.  The taxable portion of Social Security benefits range from 0% up to 85% depending on your income from sources outside of Social Security.  You can use this IRS worksheet to help determine how much of your Social Security may be taxable:  A Quick Way To Check if Your Benefits May Be Taxable 

 

You definitely need to include at least an estimated Social Security amount when you do the calculators mentioned in my original response.  Omitting Social Security would impact the result from the calculator.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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