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Quicken Classic for Windows
Budgeting and Planning Tools (Windows)
Tax Planner has Standard Deduction error
Ernest
The Tax Planner standard deduction for Joint & both over 65 is using the wrong number.
Quicken using $28,900 and it should be $28,700. Can a update be posted?
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Boatnmaniac
If you are talking about what TP shows for 2022 and are running Quicken version R46.XX or higher, then I am seeing the same thing. For 2022 it looks like TP is using a 65+ adjustment of $1500/person (the correct 2023 amount) instead of $1400/person (the correct 2022 amount).
I also confirmed that this issue exists for married, filing jointly, but only one person is 65+.
I did not check all the other possible variations of the standard deduction when using the 65+ modifier but I suspect they might be wrong, as well.
I suggest you go to
Help > Report a Problem
and in your message reference this thread (copy the URL and paste it into the message). I will do the same.
Report a Problem
is a much better way to ensure that the Quicken Development Team is informed of issues, Posting issues here in Community is a great way to inform other users of issues but not the best way of informing the Quicken Development Team.
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