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Returning Member
posted Jan 26, 2022 9:54:33 AM

2022 taxes

I want to take a additional from a IRA and how this withdrawal will affect my tax liability. I am retired and my income is vertically the same each year. I know my tax will increase but wanted to know approximately how much. If I could talk to someone at Turbo Tax and since my income is the same each year you would give me how much my taxes would increase.  Thank you. 

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1 Replies
Expert Alumni
Jan 26, 2022 10:16:19 AM

Additional taxable withdrawals from an IRA will be added to your income. Your IRA custodian will probably withhold more tax as well.

 

To get in touch with a Tax Expert, click on What is the TurboTax phone number?

 

You can also use TurboTax's free Taxcaster to estimate your 2022 taxes. It's programmed for 2021 but at this time, but it can give you a good estimate.

 

There is also a place within TurboTax to perform estimates. For help, click on Can TurboTax calculate next year's federal estimated taxes?