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My tax situation will be changing this year. Can I use Turbotax to estimate taxes in different scenarios? For example, retirement, roth conversions, sell second home?
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July 25, 2022
7:21 AM
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Get your taxes done using TurboTax
Try taxcaster and see if that meets your need. Note that it's still set up for 2021 since proposed tax law changes for 2022 are not yet law.
https://turbotax.intuit.com/tax-tools/calculators/taxcaster/
July 25, 2022
7:58 AM
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Get your taxes done using TurboTax
TurboTax Online is not suitable for trying out different scenarios. The CD/Download TurboTax software has a What-If Worksheet that lets you quickly and easily try out different scenarios using your completed tax return as a starting point, but without affecting the actual tax return. The worksheet lets you compare the scenarios side-by-side, and it has a checkbox to make it use 2022 tax rates.
July 25, 2022
9:26 AM
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Get your taxes done using TurboTax
certain items other than tax rates may not have been updated for 2022 like the standard deduction.
July 25, 2022
10:11 AM