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Business & farm
Well....the forms are not in their final form yet...and won't be until late January....so 10% "Was" the figure that was supposed to be used for 2017 for everyone in (7.5% was the 2016 rate for 65-year-olds). Yes.....it hadn't been fully updated in the software yet.
BUT...the new tax law (IF ...IF enacted and IF passed/signed promptly next week) will revert to use 7.5% for everyone (last I saw it...even back-applied to 2017). So the software's use of 7.5%....no matter that the label indicating 10%......is working just fine..at least temporarily..
Check back in mid-late January
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎June 6, 2019
8:01 AM