Estimate Taxes for the following Year

pyz01
pyz01 Member Posts: 2 Newcomer
in General

Recently I have been to a couple of sites where they allow you to do an estimated tax for the upcoming year. For example, if this is 2025, they have a tax calculator that allows you to do an estimated tax return for 2026 using the latest tax tables (as they are released) and any new tax laws that have come out (e.g., the new $6,000 senior deduction). It would be a nice added touch if you could provide a simple calculator for us that would allow us to calculate our potential tax situation for the upcoming year (i.e., like in the later part of the year - Sept or Oct or Nov - to be able to do a thumbnail sketch for what we might expect for filing in Feb of the following year). Has any thought about doing that been in the works? Just a nice touch, I think.

A couple of the benefits of doing the above would be:

  1. allow for more interaction with your customers who would come more often to the site
  2. allow for more potential customers, who would come to the site to do estimates and maybe come to file later on
  3. allow for more exposure than just the filing period
  4. allow for your current customers to be able to estimate if they have any potential tax liability for the upcoming year

This may have been asked for before - and if so, I apologize. But I think it would be a great enhancement to your site. — Ken

PS — really love this site since I discovered it a couple of years ago. Keep up the good work!

Comments

  • rachels
    rachels FreeTaxUSA Agent Posts: 117

    Hi pyz01,

    I'm happy to hear that you like our site!

    I don't believe this is currently in the works, but I am happy to pass this suggestion along to our developers.

    For now, our software for the coming year usually gets released in November or December—you should get an email when this becomes available. Once it is released, you can log into your account for 2025 and enter your estimates to get an idea of what to expect when you file your 2025 tax return. Just remember to update your 2025 tax information to your actual forms and income before submitting that return next year.

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