What feature in TurboTax allows users to review various tax scenarios?

The Tax Calculator tool in TurboTax is designed to allow users to review various tax scenarios. This feature enables users to input different financial situations or changes in income, deductions, and credits, allowing them to see how these factors impact their overall tax liability. By simulating different tax scenarios, users can make informed decisions regarding their finances, such as adjusting withholdings, planning for future expenses, or exploring strategies for increasing tax savings.

The capability to analyze various scenarios helps users understand how changes in their financial situation, such as a job change or significant expenses, can affect their taxes. This strategic insight empowers individuals to optimize their tax outcomes and make better financial decisions throughout the year.

The other options serve different purposes: the State Tax Analyzer focuses on state-specific tax regulations and calculations, the Income Estimator generally provides an estimate of taxable income, and the Deduction Finder helps identify potential deductions users may qualify for, but they do not offer the same level of scenario analysis as the Tax Calculator tool.