Temporary workaround for temporary senior bonus deduction?

SomebodyInGNV
SomebodyInGNV Quicken Windows Subscription Member ✭✭✭✭
edited November 16 in Budgeting and Planning Tools (Windows)

Has anybody added a manual entry in the tax planner to work around the senior bonus deduction not working?

Tagged:

Answers

  • BK
    BK Quicken Windows Subscription Member ✭✭✭✭
    edited October 15

    There are two areas in the tax planner I can think of to include various credits and I don't know which one would make sense for your question: First one is in Adjustments > Other Adjustments field. And the other is in Other Tax, Credits > Credits field. I have made "User Entered" entries in those fields for various credits I may qualify for such as the change in standard deduction, education, child tax credit etc. My guess is that the end result would be the same.

    (made a correction in bold)

    - Q Win Deluxe user since 2010, US Subscription
    - I don't use Cloud Sync, Mobile & Web, Bill Pay/Mgr

  • SomebodyInGNV
    SomebodyInGNV Quicken Windows Subscription Member ✭✭✭✭

    I figured it out. We're both over 65, filing MFJ with AGI < 150,000. I unchecked the boxes for over 65 and added enough in the "MIsc Deductions (No Limit)" field so the total itemized deduction = 46700. I'll have to revise that adjustment downward as other transactions occur, to keep the total at 46700.

This discussion has been closed.

Categories