Test next years taxes like with efile.com

user17610862872 · ‎October 22, 2025

Can I test next years taxes on the TurboTax site like with efile.com?

xmasbaby0

It is too late now to use online TurboTax to start a new return--even for 2024 as a "dummy" return. The 2025 software will be out in late November/early December.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

user17610862872

How does one create estimates of what they need to distribute from IRA accounts for the next year?

Cindy4

It sounds like you may be asking about Required Minimum Distributions. By law, your IRA administrator (brokerage, bank, etc.) is generally required to calculate the RMD for the next year based on your December 31st account balance and inform you of the amount by January 31st. This document should be either mailed to you or electronically delivered, if that's the choice you made to receive communications from them.

Hope this helps!

Cindy

\text{RMD for Next Year} = \frac{\text{IRA Balance on December 31 of Current Year}}{\text{IRS Life Expectancy Factor for Next Year's Age}}

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Test next years taxes like with efile.com