Tax Planner & SALT deduction limit

Rocket J Squirrel

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?

Rocket J Squirrel

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.

markus1957

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.