Does turbotax offer a feature that helps populate a W4P or R? If not con it be added?

[MaryK4]

Unfortunately, there is not a W4P or R preparation in TurboTax now, but this is a great idea.  I will pass it along to see if it is a possibility.  

[xmasbaby0]

How to get federal tax withheld from SS benefits

https://www.ssa.gov/benefits/retirement/planner/taxwithold.html

[Dave106]

I would like to recommend TurboTax add a feature to help users populate their W4 forms. Because I have multiple sources of income each month the process to complete the form manual or online is difficult if not impossible TurboTax already has ALL the information required to complete the form(s). It would seem to me a procedure to fill out the W4 for one or more income sources would be a tremendous enhancement.

Please let me (and the community) know if this recommendation will be acted on.

Dave106

[MarilynG1]

Here's some info on Form W-4P from the IRS and also a video on Understanding the New IRS Form W-4P.

TurboTax does currently have a W-4 Calculator.

If you're a retiree receiving income from Social Security, pensions, etc., the first year you file with your all your retirement income, see what tax bracket you're in.  If you're in the 15% tax bracket, for example, if you withhold 15% from your largest sources of income, you should be good.  Remember you still get the Standard Deduction (at least) off the top of your income. 

@Dave106 

[Dave106]

I don't think I made my point about w4s clear enough. I understand that Turbotax has a W4 calculation. It's appears to be the same one that's on the IRS web site. AND it's just as complicated for people who have MULTIPLE sources of encome every month. What I am lobbying for is for Turbotax to include the W4 document into the Turbotax software. Turbotax can gather ALL the information required for the W$(s) from the 1099s and W2s entered in the income section, populate the appropriate fields on the W4(s) and produce the results. This can be a option the same as it is an option to create the 1040-ES or state Estimated tax form. 

Filling out a W4 for multiple income sources is more complicated than filling out my taxes and prone to error.

Dave106