Is there a way to estimate 2021 taxes now anddo "what if" scenarios?

Forum|Forum|4 years ago
October 23, 2021
3 replies
30 views

I will have large depreciation recapture taxes this year and want to see the effect of charitable
donations.

TurboTax Premier Online

DoninGA

Level 15

You can try using the TurboTax calculator TaxCaster for estimating tax liabilities or tax refunds - https://turbotax.intuit.com/tax-tools/calculators/taxcaster/

xmasbaby0

Level 15

Whatever you do---do NOT mess with your 2020 return if you used online TT. Online TurboTax does not include the "what if" feature that is a feature of only the CD/download software. If you used the CD/download for 2020 you can use the what if feature in that program.

**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.**

Hal_Al

Level 15

This tool is not the same as an actual return, but can be useful for estimates. It's still set up for 2020, but that will only make a few dollars difference:

https://turbotax.intuit.com/tax-tools/calculators/taxcaster/