Hi. I retired Jan 14, 2022. I'm trying to estimate 2022 taxes but when I use the IRS tool it says I can't use it because I'm not employed any longer (it's only for employed). Does Turbotax have a tool I can use? Or do you have another recommendation? Thanks.
Yes, that should be fine. Please note that it is only an estimate.
Congratulations on your retirement!!
Yes, @Wampuskat-8 that is correct. Turbo Tax will ask and do the reconciliation for you. That is what make our software one of the best in the industry!
Thank you for being a valued customer!
Hello @Wampuskat-8 !
Yes, Turbo Tax does have a calculator you can use for free! It is called TaxCaster.
Please click on this link: https://turbotax.intuit.com/tax-tools/calculators/taxcaster/
Thank you!
I used that but it's asking me for 2021 info and not 2022. I put in 2022 info/estimates but is the result accurate since it's asking me for 2021 info?
Yes, that should be fine. Please note that it is only an estimate.
Congratulations on your retirement!!
Thanks! Another question: I'm enrolled in healthcare.gov and using that for our health insurance. I'm receiving subsidies based on our 2022 estimated income. I'm assuming when I do my 2022 taxes next year Turbo Tax will ask me about our 2022 actual income, compare it against what we paid in premiums based on the estimated income I submitted and reconcile (we paid too much or too little in premiums), right?
Yes, @Wampuskat-8 that is correct. Turbo Tax will ask and do the reconciliation for you. That is what make our software one of the best in the industry!
Thank you for being a valued customer!