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July 31, 2024
Question

Does Turbo tax allow you to calculate the impact of expected social security for tax purposes in order to decide to take it or wait?

  • July 31, 2024
  • 2 replies
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2 replies

DoninGA
Employee
July 31, 2024

You can use the TurboTax calculator TaxCaster to see your estimated tax refund or taxes owed with or without the Social Security benefit payment - https://turbotax.intuit.com/tax-tools/calculators/taxcaster/

Employee
August 1, 2024

Turbotax does not include income forecasting for social security, such as the effect on your benefit of declaring or waiting.