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

Getting ready for the new year and notice that in Tax Planner, the Tax Year dropdown only shows 2019 and 2020. I renewed earlier this month. When can I expect to see tax year 2021 as an option?
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Best Answers
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brandongblack Member ✭✭✭
> @Roger said:
> Thanks, Will do. I even loaded a backup file and it shows the same.
you can always change your computer date back to 2020 and reopen quicken and it will get the info you need2 -
Quicken Sarah Administrator, Moderator mod
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)8
This discussion has been closed.
Answers
Looking back at Quicken's revision history, tax rate updates for the new year have occurred in Dec, Jan and even as late as May....this is what I can see from the revision history - release notes is not all that consistent in reporting changes. @markus1957 may have some more input here.
Tax impacts to Quicken (tax planner, LTP, et al) should be updated in the application when they go into effect ie Jan 1, 20xx It should not require a "user idea post" or a "report a problem post" to lobby product mgt. for this kind of change - plan it, drop it timely, year over year.
https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2021
That said, the planner as designed will not display 2021 estimates until January 1 so they still have one more work day to demonstrate Tax Planner remains a priority feature.
adding- It has been useful for advance planning when the new rates have been applied to Quicken in December. The scenarios feature allows selecting another year's rates; so for most users, 2019 is much less useful than 2021 once 2021 rates are published by the IRS in early November.
Now running Quicken Windows Subscription, Home & Business
Retired "Certified Information Systems Auditor" & Bank Audit VP
Quicken OVER vs other tax tables listing as UP TO.
So while Tax Summary may show you in the 22% bracket, if you have QDI, you may not be there yet. Again, best I can tell, the tax calculation itself does take QDI into account and correctly compute the tax owed.
If AGI is your guide to Marginal rate, then it is correct, but AGI does not necessarily dictate the tax bracket rate to apply for certain types of income. In my mind, top marginal rate is the highest rate bracket applied to your regular income.
> I too find the tax planner to be a very valuable tool. I hope quicken updates it for 2021 quickly. Ive now run into a bug, when I first opened Quicken on 1/1/21 Tax planner showed projections for 2021 (even through the planner year says 2020). However after changing the year drop down to 2019 and back to 2020, the projections are now for 2020 and not 2021. You have to close quicken and re open to get 2021 projections to show up.
I noticed that too - luckily I grabbed a printout of the 2020 tax summary yesterday so I'll have it for tax filing lol. Hopefully they fix this so it's less buggy soon
> I got up early, January 1 2021, to do some tax planning and my tax data for 2019 and 2020 are gone. I ran the tax schedule report and all data is there. Why is the data not showing up in my tax planner?
Probably a bug or tax planner isn't updated for 2021. In quicken click help > report problem. I'll do it too and hopefully quicken team can patch it once they're back from holiday vacation
> Thanks, Will do. I even loaded a backup file and it shows the same.
you can always change your computer date back to 2020 and reopen quicken and it will get the info you need
> > @JeffG35578 said:
> > I too find the tax planner to be a very valuable tool. I hope quicken updates it for 2021 quickly. Ive now run into a bug, when I first opened Quicken on 1/1/21 Tax planner showed projections for 2021 (even through the planner year says 2020). However after changing the year drop down to 2019 and back to 2020, the projections are now for 2020 and not 2021. You have to close quicken and re open to get 2021 projections to show up.
>
> I noticed that too - luckily I grabbed a printout of the 2020 tax summary yesterday so I'll have it for tax filing lol. Hopefully they fix this so it's less buggy soon
I also ran into this. But only for certain things. The main one I noticed was that the Capital Gains estimates are now based on 2021, which means it has blanked everything for that. This Sucks....and yeah 2021 isn't available either. Would be nice to have 3 years available. One back one to compare with current and a future planning...
As of right now the 2020 Tax planner information has become completely useless right when you actually need it to start comparing and prepping things.
> Really? Quicken did not think to plan ahead for the new year? I too am unable to access my 2020 tax planner, even if I try to fake it out and select 2019.
You can always change the date on your computer to 2020 and reopen quicken and it should show the info..or report the issue in help > report a problem menu or wait until quicken releases the patch for 2021 rates...then you should be able at that point to view 2020 and 2021
Just figured it would be fixed by now since they get a ton of recurring cash flow from our subscription fees to improve items like this. Guess the programming to handle that little date change is too complex to tackle.
Where is a quiz question for people. When is a "quarter of the year" not 3 months?
Answer, when you deal with the IRS!
(Look that the "quarter dates" you pay estimated taxes on.)
The tax year might end on December 31th, but no way does the tax planning for that year. The financial institution's have at least up to the end of January to send you documents needed for your taxes.
Now personally I don't use the Tax Planner, I use my tax program, but in doing so the first thing I create when I get the new tax program is to create an "estimated" tax file, and I keep updating it until I have all the final number. This is all "tax planning". And it certainly doesn't stop at the end of the "tax year".
And yeah this happens every year, but that doesn't mean it isn't a problem. It just means that it is a problem that hasn't been addressed in all these years.