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Level 1
April 22, 2023
Solved

How can I estimate 2023 taxes adding my Social Security income to my regular income?

  • April 22, 2023
  • 1 reply
  • 23 views
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Best answer by SteamTrain

Try the following:

Tax Calculator - Refund & Return Estimator 2022-2023 | TurboTax® Official (intuit.com)

 

Go thru it a couple times to see where you put everything.

It helps, a whole lot, to have a printout of your 2022 tax forms handy, so you can enter some similar numbers for 2023, where needed....and not put in some numbers (like W-2 income) where no longer needed.

 

I didn't put in any Withholding or quarterly Estimated tax payments, so that I could see the total tax liability.....I can figure my already scheduled withholding separately to see if I need to increase those, or maybe start some separate quarterly estimated payments.

 

1 reply

SteamTrain
Level 15
April 22, 2023

Try the following:

Tax Calculator - Refund & Return Estimator 2022-2023 | TurboTax® Official (intuit.com)

 

Go thru it a couple times to see where you put everything.

It helps, a whole lot, to have a printout of your 2022 tax forms handy, so you can enter some similar numbers for 2023, where needed....and not put in some numbers (like W-2 income) where no longer needed.

 

I didn't put in any Withholding or quarterly Estimated tax payments, so that I could see the total tax liability.....I can figure my already scheduled withholding separately to see if I need to increase those, or maybe start some separate quarterly estimated payments.

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*