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The 2021 Tax Planner is using the amount of $14200 for Standard Deduction for a single, 65+ yo person.
The deduction is supposed to be $12550 + $1700 = $14250 .
Reference: https://www.kiplinger.com/taxes/tax-deductions/601640/standard-deduction
Why the difference? Is there a way to configure to get the correct standard deduction?

Also, tax-free dividend transactions are included as dividend income in the projected scheduled transactions, which kind of makes the planner useless for projecting estimated tax.

Rocket J Squirrel said:

I got a bunch of dividend and interest transactions dated 12/31/20, so I could not see them in Quicken until they downloaded on 1/1/21, by which time the Tax Planner has stopped looking at 2020.

What I just did was reset my PC's clock to 12/31/20 and printed out the TP using its little printer icon. It prints a nicely formatted summary but omits all the details.

Yesterday, 1/5/21, I downloaded several more transactions dated 12/31/20. So now I have to repeat this exercise. Hopefully this is the last of them.

I use Tax Planner to figure out and pay my quarterly estimated taxes, even it could use some improvements. But the loss of 2020 tax planning early in Jan 2021 is critical. Quicken needs to release the fix asap to allow us to make the Jan 15 est tax payment.

The real question to me is, if the tax planner has a drop down to select the year to analyze...Why in the heck does it even use the system clock to select a year? Like that program design decision doesn't make ANY sense to me?

> @Gilley7997 said:
> The real question to me is, if the tax planner has a drop down to select the year to analyze...Why in the heck does it even use the system clock to select a year? Like that program design decision doesn't make ANY sense to me?

@Quicken_Tyka - I don't know if we can specifically tag a Quicken Rep in a post, but I will get told no if that's the case.

I also reported this through the report an issue feature, but I am curious what we can do to get this addressed for next year, something doesn't seem right.

Hello All,

Thank you for taking the time to report this behavior to the community.  The 2021 tax tables have been added so I have opened a ticket with our Development teams to investigate further.

As soon as any updates and/or a resolution is available we will be back to share and in the meantime recommend "bookmarking" this thread by clicking the yellow star icon in the upper right to automatically receive updates as they become available. 

Thank you,

Sarah

(CTP-1432)