[Karie]

We’ve had a lot of changes this year and our accountant is off until 1st of year to estimate this for us.

[Joe]

I designed my own spreadsheet for this based on our income and investments. It was surprisingly difficult to figure out some of the calculations. Used the turbo tax estimator program to figure it all out.

Once you are paying estimated taxes this is crucially important. Also if you plan to do Roth conversions.

[Ron]

Taxcaster app. Doesn’t handle some credits like the savers credit. Early tax software may come out early Nov.

I usually have my first run taxes done in FreeTaxUSA by mid nov or so.

Explore these too: Is there a resource where I can find out or calculate how much I should have invested in retirement by a certain age?

[Mitch]

Not helpful, but point shoot pray. Irs code is a joke 😂

Best bet is look at effective tax rate last year and try and figure out whats changed this year (more or less income or deductions) and then make best decision possible on how far you are off one direction or the other.

[Ron]

You could also use your 2022 software.

You could “amend” your filed return with the new numbers. But that’s messy IMO and I don’t know if any software has the option to revert back to what you actually filed. My approach is to create a new account for the last tax year with a different email address.

I’ve already used a new account with 2022 software to mock up a complete return for 2024 tax year.

[Author]

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