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Turbo Tax Tax Caster Tool Deficiency ???

I recently used Tax Caster to estimate my 2022 Tax liability.  Tax Caster never asked about contributions I made to an HSA account ($8,300 limit for over 50), contributions that I believe are deductible.  Why is that ?

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Turbo Tax Tax Caster Tool Deficiency ???

5 Replies

Turbo Tax Tax Caster Tool Deficiency ???


@JLF-31 wrote:

Why is that ?


It has limited functionality (very basic).

 

You can buy the full TurboTax program now (online or CD/Download) to get a more accurate assessment.

Turbo Tax Tax Caster Tool Deficiency ???

@JLF-31 - try this tool; I find it much more accurate 

 

https://www.dinkytown.net/java/1040-tax-calculator.html

Turbo Tax Tax Caster Tool Deficiency ???

I thought that might be the case but I'm grateful you took the time to respond !

 

Happy New Year !

Turbo Tax Tax Caster Tool Deficiency ???

NCperson:

 

Thank you for taking time to provide another tool.  I have clicked the link and am investigating now.  Sure appreciate the response !

 

God Bless, and Happy New Year !

Turbo Tax Tax Caster Tool Deficiency ???

@JLF-31 - also note, the HSA additional $1000 is if you are over 55 - not 50. ...and if you are both oiver 55, the spouse can set up a Single HSA and place $1000 in there.  The Family HSA cobtribution can not be $9300 if both are over 55. 

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