Using a 2024 dummy account to project your taxes may not result in an accurate answer. The primary reason is that tax laws change from year to year including the standard deduction and tax brackets which are key numbers in the tax calculations.
A better way to do it is to use the Form W-4 and estimated taxes feature in TurboTax. This is found in the Other Tax Situations section of TurboTax.
From your Federal Return select
- Other Tax Situations
- Go to Other Tax forms
- Select Form w-4 and estimated taxes
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