Child Tax Credit?

mistertheplague
mistertheplague Member ✭✭✭

Any way to have the Tax Planner account for the Child Tax Credit? We have two qualifying children and TP doesn't seem to take the credits into account, resulting in an inflated remaining tax number. TIA

Quicken Premier Mac and Windows

Answers

  • markus1957
    markus1957 Quicken Windows Subscription SuperUser, Windows Beta Beta

    The sum total of all credits can be manually entered into the Credits box in the "Other Taxes and Credits" section of the planner. That is the only way to manage credits in the Tax Planner and have them adjust the tax owed amount.

    It would be helpful if tax lines were assigned to the Credits input so that individual transactions could be entered to track the sum of multiple credits, but that option is not available.

  • mistertheplague
    mistertheplague Member ✭✭✭

    @markus1957 I entered an estimated amount for the refundable portion of the CTC and the TP adjusted the tax owed amount accordingly. Much appreciated

    Quicken Premier Mac and Windows
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