Tax Planner & SALT deduction limit
edited February 11 in Budgeting and Planning Tools (Windows)
My state & local taxes paid far exceed the $10k limit imposed by the Trump tax increase (which he may have personally circumvented, but I digress).
Schedule A spells it out.
So in Quicken's Tax Planner, I overrode the "Real Estate and Other Taxes" to be $10k to try to capture this limitation.
I also overrode sales tax paid (which I optimistically still track) to zero.
Question: is there anything else which needs to be done to make TP more accurate in this area?
Quicken user since version 2 for DOS, now using QWin Premier Subscription (US) on Win10 Pro.
Oops, I believe I overlooked Tax Planner's "SALT and Other Deduction Limitations" as shown in the 2nd screen shot above. So it appears TP is getting it right after all. Color me impressed if it's calculating that right!Never mind.Quicken user since version 2 for DOS, now using QWin Premier Subscription (US) on Win10 Pro.1
It was calculating it right for 2022 & 2021. 2023, I'm not so confident at the moment, but maybe the new team will figure it out.1
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