Its now January 2021 and my data is no longer showing in Tax Planner for 2020

Philip107

no Update for me either during OSU this morning. I'm still at R30.19

Texas Ed

No update here this morning

brandongblack

Updates usually aren't rolled out all at once to everyone - they roll out a small pilot group to make sure there arent any huge breaking issues and then roll it out to everyone else shortly after

Quicken Sarah

Hello All,

Our teams have created the R30.21 HF4 release to resolve the issues reported here as well as a few other tax planner improvements.

R30.21 is currently in staged release and has been paused.  If you would like to install this release without waiting for it to be made available for all users, the R30.21 Mondo Patch may be downloaded and installed from here.

Once installed, please reply here to let us know if you continue to experience issues with the Tax Planner.

Thank you,

Sarah

Ray Cosner

I have applied the R30.21 update using the method recommended by Quicken Sarah.  Tax Planner now offers me data for 2020 and 2021.  The 2020 data with this update exactly matches the data it gave me on Dec 31.

I have made no attempt, so far, to verify that the 2021 tax tables or projections are correct.  That's a more lengthy task.

brandongblack

Quicken Sarah said:

Hello All,

Our teams have created the R30.21 HF4 release to resolve the issues reported here as well as a few other tax planner improvements.

R30.21 is currently in staged release and has been paused.  If you would like to install this release without waiting for it to be made available for all users, the R30.21 Mondo Patch may be downloaded and installed from here.

Once installed, please reply here to let us know if you continue to experience issues with the Tax Planner.

Thank you,

Sarah

Just installed the patch. Looks like it all wokred for me. 2020 data is back as it was before and any adjustments i made for "2021" were correctly brought into the 2021 planner. Thanks for the help

Philip107

Installed mondo_27.1.30.19_27.1.30.21 and it looks like it's back to showing 2020 as it should according to my novice point of view. Have to wait and see what TurboTax and the IRS have to say in a couple months before I know how good the planner works.

brandongblack

Philip107 said:

Installed mondo_27.1.30.19_27.1.30.21 and it looks like it's back to showing 2020 as it should according to my novice point of view. Have to wait and see what TurboTax and the IRS have to say in a couple months before I know how good the planner works.

I've double-checked my data for 2020 multiple times already this year and its accurate. Also this patch didnt alter my data that i already had in there..i confirmed that as well

markus1957

I can confirm the fix unbricked the Tax Planner and now shows data for 2020 & 2021 as it should.

Quicken should review their release planning schedule and make changes to prioritize the allocation of resources for annually updating tax schedules that are posted by the IRS every year in late October or the first week of November.  The updates should be in place by mid-December at the latest.

This was a screw up and should be acknowledged as such.

Ps56k2

markus1957 said:

I can confirm the fix unbricked the Tax Planner and now shows data for 2020 & 2021 as it should.

Since this is HOTFIX # 4 in the recent stream of R30.xx versions....
If I download it - has it broken anything else.... requiring HotFix # 5 ???

Chris_QPW

I noticed one thing.  They still only display two years of data.  So whenever they update the tables you loose the oldest year (in this case 2019).  Might be a problem for some user in late 2020 if the tables are updated at that time.

They really should address this whole area.  There should be more than 2 years in that table, and just crossing over into the next year shouldn't cause you to loose last year's numbers.

brandongblack

Chris_QPW said:

I noticed one thing.  They still only display two years of data.  So whenever they update the tables you loose the oldest year (in this case 2019).  Might be a problem for some user in late 2020 if the tables are updated at that time.

They really should address this whole area.  There should be more than 2 years in that table, and just crossing over into the next year shouldn't cause you to loose last year's numbers.

While that would be a nice feature I don't think quicken is meant to be the tax archive long term. I archive all my output files in a different location when I file my taxes so I can always to back

Chris_QPW

brandongblack said:

While that would be a nice feature I don't think quicken is meant to be the tax archive long term. I archive all my output files in a different location when I file my taxes so I can always to back

Good point.  In reality I seldom look at the tax planner myself.   I use my tax program for all my tax predictions and of course for preparing my taxes.

I was bit a long time ago when I "believed" what the tax planner said and had to pay a penalty (with interest!).  You really have to know "what is and isn't showing you".  Some of the limitations don't even have to directly to with the tax planner itself.  It uses reminders for its predictions.  All well in good if you paycheck is predictable and continuous.  Something that a contractor or teacher might not be able to say is true.

brandongblack

Chris_QPW said:

brandongblack said:

While that would be a nice feature I don't think quicken is meant to be the tax archive long term. I archive all my output files in a different location when I file my taxes so I can always to back

Good point.  In reality I seldom look at the tax planner myself.   I use my tax program for all my tax predictions and of course for preparing my taxes.

I was bit a long time ago when I "believed" what the tax planner said and had to pay a penalty (with interest!).  You really have to know "what is and isn't showing you".  Some of the limitations don't even have to directly to with the tax planner itself.  It uses reminders for its predictions.  All well in good if you paycheck is predictable and continuous.  Something that a contractor or teacher might not be able to say is true.

For sure - mine have always been fine but the input data has to be accurate. Bad data in = bad data out. I've gotten to a point where I know how it all ingests so mines fairly accurate..I even pre-estimate all my other income that's not reported right away. I do wish the paycheck series in quicken would allow you to customize certain paychecks for certain months. My wife's job doesn't provide pto so if we go on vacation it drops her income. Would be nice to "pre-set" that so the planner is accurate but it's ok. I just leave a buffer knowing throughout the year it'll start to balance out

Then by the time December rolls around I see how much I owe vs am owed and just do one last withholding change on my paycheck to get the refund to $0 by end of year

Frank Hartman

I have installed mondo_27.1.30.19_27.1.30.21 and it looks like it's back to showing 2020, as it should.

Scooterlam

Quicken Sarah said:

Hello All,

Our teams have created the R30.21 HF4 release to resolve the issues reported here as well as a few other tax planner improvements.

R30.21 is currently in staged release and has been paused.  If you would like to install this release without waiting for it to be made available for all users, the R30.21 Mondo Patch may be downloaded and installed from here.

Once installed, please reply here to let us know if you continue to experience issues with the Tax Planner.

Thank you,

Sarah

As you take the update R30.21 to resolve this latest issue, be aware that your 2020 scenarios (if you use them) will be wiped out - mine were.  Be sure to print to pdf your 2020 scenarios if you wish to preserve them. 

If 2020 projected value is preserved, why not the 2020 scenario 1,2,3 as well? 

Vote here for an old idea that illustrates this. 
https://community.quicken.com/discussion/7866035/tax-planner-preserve-prior-saved-scenarios-1-2-3-when-updating-tax-rates-for-new-year#latest

Ron9741

2020 is working, but some values for 2021 are picking up 2020 data such as Interest and Dividends and some deductions.

brandongblack

Ron9741 said:

2020 is working, but some values for 2021 are picking up 2020 data such as Interest and Dividends and some deductions.

I noticed that too but it appears to be normal - until you get your first dividend for 2021 its showing you last years data + inflation to project the income for 2021

Ron9741

> @brandongblack said:
> I noticed that too but it appears to be normal - until you get your first dividend for 2021 its showing you last years data + inflation to project the income for 2021

Tried entering a dividend for 2021 and it still only picks up data from 2020 and not the 2021 entry. Not worried about 2021 taxes yet just something I noticed. Hopefully they'll fix it before real dividends start coming in.

mikek753

I installed the patch and can confirm 2020 tax planner shows 2020 data.
yes, I had to change year in TP from 2021 to 2020
2019 is gone

thanks

brandongblack

Ron9741 said:

> @brandongblack said:
> I noticed that too but it appears to be normal - until you get your first dividend for 2021 its showing you last years data + inflation to project the income for 2021

Tried entering a dividend for 2021 and it still only picks up data from 2020 and not the 2021 entry. Not worried about 2021 taxes yet just something I noticed. Hopefully they'll fix it before real dividends start coming in.

Ok. I forgot what the exact formula is but I know I've seen this behavior before. Maybe they keep it like that for first x months of the year. Not sure when it switches. No big deal though as you said..can always put in a custom amount based on your own projection (which is what I did)