Tax Planner & SALT deduction limit

Rocket J Squirrel
Rocket J Squirrel Quicken Windows Subscription SuperUser ✭✭✭✭✭
edited February 2023 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 Biz & Personal Subscription (US) on Win10 Pro.

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Comments

  • Rocket J Squirrel
    Rocket J Squirrel Quicken Windows Subscription SuperUser ✭✭✭✭✭
    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 Biz & Personal Subscription (US) on Win10 Pro.

  • markus1957
    markus1957 Quicken Windows Subscription SuperUser, Windows Beta Beta
    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.
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