2023 Estimated Taxes - Significant Tax Changes since 2022

[LifeChanges]

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

[Loretta P]

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