2023 Estimated Taxes - Significant Tax Changes since 2022

LifeChanges — Tue, 24 Feb 2026 07:33:02 GMT

Hello,

Long time turbotax user here, and I could use some help.

I quit my job earlier this year (on disability currently), I cashed out a 401K (took a big tax hit being that I'm <65) and I'm also in the process of getting a divorce. Is there any way I can plug in best available dates / figures to these 2023 life changes into a 2023 tax return simulator so I can see what my return will be next year? My divorce attorney and the courts require something from me/turbotax on this front...help!

Thanks

Re: 2023 Estimated Taxes - Significant Tax Changes since 2022

Loretta P — Wed, 25 Oct 2023 21:57:37 GMT

Hello LifeChanges, I understand how you feel, I have had to take a distribution from a 401(k) when I was under 59 1/2. There are some exception you may qualify for to help reduce the 10% early withdraw penalty.

There is a Taxcaster for 2022 but the 2023 version isn't ready yet. It may help you with the estimates you are looking for as far as your situation.

Tax Calculator 2022

topic 2023 Estimated Taxes - Significant Tax Changes since 2022 in Get your taxes done using TurboTax

2023 Estimated Taxes - Significant Tax Changes since 2022

Re: 2023 Estimated Taxes - Significant Tax Changes since 2022