Another Tax Planner Issue/Question with Wages

jfclague

So I have been trying to reconcile what the Tax Planner said I needed to submit in estimated payments for 2020 vs. my actual 2020 IRS 1040 tax return.

At the end of 2020, the Tax Planner said I still owed $1k after my withholdings and estimated payments. I did my 2020 tax return and I got back $7k refund so clearly there is a disconnect.

I looked at all the lines on my 1040 and compared to the Tax Planner. The main issue is that my Wages amount in the Tax Planner is my total wages from all of my paychecks through out the year. The problem is that the taxable wages should be my total pay less my 403b deductions (401k).

How do I get my biweekly paychecks to correctly record for the Tax Planner? I have my Salary going to the Salary category (which is mapped W-2: Salary or Wages, Self Tax Line Item) and my 403b contribution goes to the Account for my 403b acct.

Do I need to change the selection in the Wages line in the Tax Planner from Quicken Data - Scheduled Bills & Deposits to TurboTax (from 20XX)?

Any help would be appreciated.

Chris_QPW

Are you using the Paycheck reminder and the selection for the 403b?


In the Tax Planner this should result with something like this:

And scrolling down, here are the ones that have already been entered.

And at the bottom the ones scheduled.