My post of 1/19/2022 described the incorrect calculation of NJ estimated taxes for 2021 using the 2020 tax year software. The error in applying the NJ Pension Exclusion persisted in the software from when I first calculated the 2021 NJ estimated taxes in April of 2021 through when I tried to get a final estimate in December of 2021. I ran a number of estimates during the year – all resulting in wrong and grossly underestimated values.
I have not entered information into the 2021 tax year software yet, but it is pretty clear from JGW28’s post that the error, in the same or similar form, persists in the 2021 tax year software.
