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Retirement tax questions
@Linda883 - if you use 2021 Turbo Tax (desktop) as a tool to estimate 2022 taxes, be mindful of a few things, and I assume no legislative tax changes for the rest of the year.
1) be sure Line 30 is zero - there is no stimulus in 2022
2) if you have children, be careful of the child tax credit. it'll be $2000 for most in 2022 - not $3000 - $3600. (in effect goes back to pre-2021 rules)
3) if you have dependent care tax credits, those will be very different in 2022. they will be non-refundable and not refundable tax credits. The maximum credit will be smaller and the amount of eligible expenses will be less (in effect returns to pre-2021 rules)
4) if you take the standard deduction, there is no $300 cash contribution per taxpayer
5) there are a few other things that relate to EITC as well but mainly affect those under 25 and over 65.
If you used Desktop to complete your 2021 tax return, there is a 'what if' report under Forms View; the 2022 column already assumes the rules above changed from 2021 to 2022, so that is your best bet. It still uses the 2021 tax tables, but that will make your estimate conservative, as the tax tables were adjusted for inflation so the estimated tax is overstated.