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How does turbo tax estimate next years refund?

Forum|Forum|3 years ago
June 7, 2022
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TurboTax Free Edition Online

Best answer by bluedeb

TurboTax does not estimate next year's refund in the program. TurboTax estimates tax payments. You can use TurboTax's calculator to get an estimate of next year's refund.

https://turbotax.intuit.com/tax-tools/calculators/taxcaster/

bluedebAnswer

Employee

TurboTax does not estimate next year's refund in the program. TurboTax estimates tax payments. You can use TurboTax's calculator to get an estimate of next year's refund.

https://turbotax.intuit.com/tax-tools/calculators/taxcaster/

X

xmasbaby0

Employee

If you use the Taxcaster tool be aware that several tax laws changed for ONLY the 2021 tax year and Congress has not extended those tax law changes to next year as of now. The child tax credit will go back to a lower amount, and there will be no federal stimulus --or recovery rebate credits-- for 2022. And the earned income credit criteria will revert back to pre-2021 rules. And....it is early.....no telling what -- if any--tax laws might change before the next tax filing season.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**