How to estimate my taxes for this year?

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New Member

How to estimate my taxes for this year?

 
5 Replies
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Moderator

How to estimate my taxes for this year?

You can choose any one of our TurboTax online versions and complete a fake return- up to where you will need to pay- which is just before you go through the review section of the return. This way you can see an estimate of your 2020 tax return. Please note that there are changes this year from the government so this will only be an estimate until TurboTax 2020 comes out, which should be around the end of December.

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New Member

How to estimate my taxes for this year?

Thank you, Brenda.

And how to declare CERB in the old version?

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Moderator

How to estimate my taxes for this year?

You will receive a T4A tax slip reporting your CERB income. 

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New Member

How to estimate my taxes for this year?

Yes, I will. But I'd like to estimate it now, the most sooner possible. In November, not in january. The question is - where in the old version of turbotax should I enter the sum of CERB in order to estimate my future taxes? 

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Moderator

How to estimate my taxes for this year?

They will send you a T4A for what was given to you under CERB. 

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