Well, it might have been reported and escalated, but... still no update to 2022 tax rates or standard deduction for What-if.
Bigger problems, though. Still on the What-if page... this one's clearly an error, not a data update.
Note that this all relates to 2021, not 2022.
Here's what happens:
I enter all my 2021 data into TT and complete my return with no errors.
I create a What-if form. I look at column 1. Everything matches up with the return data I entered, as I would expect. In particular, I'm looking at the figures associated with the Premium Tax Credit (form 8962). I scroll down and see that line 46 is blank, meaning that I don't have to repay any of the credit. I scroll down to line 68, and it has an amount of $155, meaning that the credit was underpaid and I'm due back that amount. That's all correct.
At this point I haven't done anything but look at the What-if form.
I click on the box to copy column 1 to column 2 (I also tried column 1 to column 3 - same outcome). That's the only thing I do. No other changes anywhere, don't click anything, don't change tax years, don't change any other forms, etc.
But...when I scroll down, column 1 is unchanged, but in column 2 (and column 3) line 46 says I owe $300, and line 68 is blank. I click the boxes at the top to clear columns 2 and 3 and copy again from 1 to 2 and 1 to 3, and the same thing happens. Makes no sense.
I had been relying on the What-if forms to do some tax planning; fortunately I double-checked a few figures in Quicken and they were off. I'm just glad I figured it out before I completed any transactions based on what it was telling me.
At least I now know not to rely on TT to do any tax planning, which is unfortunate. And I'm not saying Quicken is the answer - it certainly has its flaws, but it does have the 2022 rates all set up in its tax planner...
