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llevy2006
New Member

Can I do a preliminary 2022 tax return through turbo tax

I need to calculate my preliminary 2022 tax return
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4 Replies

Can I do a preliminary 2022 tax return through turbo tax

Not really, since we have no idea if Congress will make any major tax law changes this year, and the TT 2022 program won't be available until Nov/Dec.  But try here (2021 law), using your projected 2022 numbers.  Keep in mind, though, that (so far) there is no Stimulus or Advanced Child Tax Credit for 2022.  Your State tax law may be different as well.

 

Tax Calculator - Refund & Return Estimator 2021-2022 | TurboTax® Official (intuit.com)

Can I do a preliminary 2022 tax return through turbo tax

...and the child care credit goes back to the 'old method"

 

non-refundable credit: 15% of your income above $2500, maximum $1400

refundable credit: $600

children up to age SIXTEEN are eligible (for 2021 it was 17)

 

 

 

 

 

Hal_Al
Level 15

Can I do a preliminary 2022 tax return through turbo tax

Q. Can I do a preliminary 2022 tax return through turbo tax (TT)?

A. No, not with TurboTax Online.

 

If you use the download/CD versions of TT, you can make a copy of your return and give it a new name (I call mine "preliminary 2022").  Then you can manipulate it for your 2022 numbers to get an idea of 2022 results. As others have indicated, the results will be based on 2021 rules. Due to all the covid based changes, you could be affected enough that the results could be distorted. It's possible to override some of those numbers.

rjs
Level 15
Level 15

Can I do a preliminary 2022 tax return through turbo tax

In the CD/Download TurboTax software, you can use the What-If Worksheet to quickly and easily do a preliminary estimate of your 2022 taxes. You can copy the figures from your 2021 tax return as a starting point, and it has a checkbox to use 2022 tax rates. The What-If Worksheet can only be accessed in forms mode.

 

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