Why does the Estimated Taxes Worksheet use the 2022 Deduction for calculating the Taxable Income (and Income Tax) rather than the 2023 Expected Deduction?
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Are you using the online or the downloaded version ?
I am using the download version, number [phone number removed]
The system keeps deleting the TurboTax version number; the version I'm using is 022 000 0757
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
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 -
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