Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 2
I switched to HR Block software a few years back and now they also make it difficult to forecast future years. Sounds like Tax Act may be something to look at.

I have done future cast in TT years ago and in HR-Block after that.
They have both curtailed the forecasting. Years ago I would buy TT and use it for year one, and then use the forecast to fill out paper returns the following year. Only paid them every other year.

Since the tax code seems to change every year now, that is not recommended.

I now use HR to forecast by running Mock future returns with their software.
Important to make backups of your tax files before trying this.

I take my 2020 file, Open HR and then edit amounts to figure what 2021 will look like. I then save these to PDF and rename them as MOCK-2021, etc.

Close software and put copy of your tax file back in as the original. Make sure it goes into the default folder for the software.

I have also used an online 1040 calculator and have gotten good results. I like this one.
Google search - guidestone 1040 tax calculator

I input all my parameters, run the report and save that as a PDF. Quick and easy to use. The PDF can be renamed to keep track of your scenarios.
You can edit the numbers, run the report each time and save the PDF. Rename them as you go. No personal info is input. Just know that google is watching. I use these cautiously.
I use a VPN and run the search in a google incognito page.
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.