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Returning Member
posted Jul 20, 2023 10:33:07 AM

Estimated Taxes and Form W-4 Worksheet - TurboTax Premium 2022 Version 022.000.0757

Why does the Estimated Taxes Worksheet use the 2022 Deduction for calculating the Taxable Income (and Income Tax) rather than the 2023 Expected Deduction?  

0 5 357
5 Replies
Level 15
Jul 20, 2023 10:37:53 AM

Are you using the online or the downloaded version ?  

Returning Member
Jul 20, 2023 11:17:14 AM

I am using the download version, number [phone number removed]

Returning Member
Jul 20, 2023 11:18:29 AM

The system keeps deleting the TurboTax version number; the version I'm using is  022   000   0757 

Level 15
Jul 20, 2023 11:33:16 AM

On the Estimated Taxes and W-4 Worksheet the Standard Deduction for 2023 is correct.

The Standard Deduction for Married Filing Jointly for 2022 is $25,900 and for 2023 is $27,700

 

 

Level 15
Jul 20, 2023 11:47:52 AM

2023 Married Filing Jointly Tax Brackets 

 

If taxable income is: The tax due is:
Not over $22,000 10% of taxable income
Over $22,000 but not over $89,450 $2,200 plus 12% of the excess over $22,000

 

From the TurboTax Estimated Taxes and W-4 Worksheet -