Tax Planner has Standard Deduction error

Ernest
Member ✭✭
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?
Quicken using $28,900 and it should be $28,700. Can a update be posted?
1
Answers
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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.
Quicken Classic Premier (US) Subscription: R62.16 on Windows 11 Home
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