@degan417 wrote:
NONE of these address the tax impact of withdraw of the choices of the various retirement funds. For the price I pay, and have paid for around 30 years of turbotax and about 10 years of deluxe turbotax you ought to do better for us retirees.
Sure they do. Or, can you be more specific as to why they are not showing you what you want to see?
For example, if you use the Taxcaster, enter your social security and your 401k or IRA, and it will tell you what your tax will be. It doesn't have a place to enter Roth (non-taxable) benefits, because that doesn't go on your tax return, and maybe that is what you are missing. But if you wanted to test, for example,
$24,000 of social security plus $50,000 IRA
compared to
$24,000 of social security plus $30,000 IRA plus $20,000 Roth IRA,
then just enter the taxable items, write down the result, and change the taxable items and write down the new result. You don;t need to enter the non-taxable items because they are not taxable.
If you are asking about Medicare IRMAA, that is not an income tax issue, so it's not on the TaxCaster.
