topic Tax liability for2020 in After you file

Tax liability for2020

troma28 — Tue, 23 Jun 2020 20:54:08 GMT

HI I am looking for advice I retired in January 2020 . I am looking for tax liability for 2020

I had a gross pay of 8995.00

My fed income tax withheld 1192.00

my Ct Tax withheld 384.96

I took a gross amount out of my 401 K of 23285.00

But paid 4657.00 in Fed tax on it

Also paid 1627.00 in Ct tax on it

My social security for 2020 will be 16970.00

Will I owe any monies or will I get a refund

I don't deduct property taxes or mortgage interest based on the new laws

Thank you for your assistance

Opus 17 — Tue, 23 Jun 2020 21:03:50 GMT

You can use the TaxCaster here.

Although it is labeled for 2019, there are no significant changes for 2020 (yet).

fanfare — Wed, 24 Jun 2020 00:18:39 GMT

Use your 2019 turbotax or other desktop tax software to prepare a trial return. Enter amounts for 2020. The results will be close enough,