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New Member
posted Jul 31, 2024 11:52:02 AM

Does Turbo tax allow you to calculate the impact of expected social security for tax purposes in order to decide to take it or wait?

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2 Replies
Level 15
Jul 31, 2024 12:02:00 PM

You can use the TurboTax calculator TaxCaster to see your estimated tax refund or taxes owed with or without the Social Security benefit payment - https://turbotax.intuit.com/tax-tools/calculators/taxcaster/

Level 15
Aug 1, 2024 7:36:56 AM

Turbotax does not include income forecasting for social security, such as the effect on your benefit of declaring or waiting.