2026 Tax Planner Standard Deduction for Single File seniors is incorrect

leishirsute
leishirsute Quicken Windows Subscription Member ✭✭✭✭
edited January 1 in Budgeting and Planning Tools (Windows)

Maybe someone can verify this. For a single filing senior with an income of 118231.86, the total standard deduction calculated by my spreadsheet and chatgpt is $21556.09. However, the Quicken Tax Planner shows it to be $22556.

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From chatgpt:

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My spreadsheet formula: =16100+2050+(6000-(118231.86-75000)*0.06) =21556.09

The error occurs because the Tax planner incorrectly states the single filer senior standard deduction is $19150 and it should be $18150.

From Quicken Tax Planner Deduction drilldown:

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From chatgpt and my spreadsheet:

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I have reported this a a problem.

Deluxe R65.29, Windows 11 Pro

Answers

  • markus1957
    markus1957 Quicken Windows Subscription SuperUser, Windows Beta Beta

    I use MFJ for my Projected scenario but when I use Scenario 3 for a Single filer over 65 in 2026, it shows $18,150 for the deduction as expected.

    Try closing and reopening Quicken. I did get strange behavior when I first encountered 2026 in the planner.

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