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Level 2
posted Mar 5, 2022 9:36:47 AM

Recommended enhancement to TurboTax

For planning purposes, I use TurboTax to provide marginal tax impacts of various things like contributions to IRA's, withdrawal strategies, impact of qualified dividends vs. non-qualified, etc.   To do this, I use my previous 1040 filing and vary parameters of interest.   I like the fact that state taxes, 3.8% surcharge, etc. are handled properly.  I recognize that future tax rates may change, but it is better than nothing.   I believe that it would be a great enhancement to TurboTax if you had a module that would do this for you and perhaps generate graphs.   For example, I generated the following to help me understand marginal rates for IRA withdrawals for my personal situation (Graph may shift and look slightly different for each individual filing situation!).   I would like to see something like "vary this parameter from value A to value B in increments of X.

Marginal Rates for IRA Withdrawals

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1 Replies
Level 15
Mar 5, 2022 12:53:15 PM

Your posting has been called to the attention of the moderators.