Tax Planner - Compute taxable Social Security income

leishirsute

I use the Tax Planner every quarter for Estimated Taxes instead of the spreadsheet I used prior. It's valuable for me.

Chris_QPW

Personally, I "peek at it from time to time", but don't trust it, I instead put the numbers into my tax program.

I have been burnt by it a couple of times, mostly from the "it is only as good as the data that is put into it" standpoint.

Now that I know what it doesn't do right, like Social Security and in the past paychecks that change through year and things like that, I can workaround what got me before, but it definitely one of those things like a lot of things in Quicken in that you have learn "what not to do".

Not everyone frequents the Quicken forum to find out what they can't rely on in Quicken, so it can certainly bite people. The marketing that you can get setup, and running is like saying you can learn to drive in 10 seconds by turning the key and starting the car.

Pedro504

I also find the Tax Planner to be an incredibly helpful tax planning tool. Trust but verify, as the saying goes.

Boatnmaniac

BTW, I've suggested several times that using one of the free online calculators makes it fast and easy to find out how much of our SS income is taxable. Here are a few of those free online calculators that I have used.:

1. https://www.calcxml.com/calculators/how-much-of-my-social-security-benefit-may-be-taxed : This is the one that I most frequently use.
2. https://www.covisum.com/resources/taxable-social-security-calculator : This one is perhaps the simplest one to use.
3. https://www.annuityexpertadvice.com/calculator/taxable-social-security-benefits-calculator/

There are several others. If you Google how much of my ss is taxable calculator you will get a more comprehensive list of alternate calculator sites.