1040 Planner

[Yardley CPA]

It's now available!!!

[Abby Normal]

I don't plan on using it.

[Yardley CPA]

11 hours ago, Abby Normal said:

I don't plan on using it.

Why's that, Abby?

[Abby Normal]

Well, it was partly a joke 'plan', ha ha. But, before the big law changes, I rarely used it. Besides 2019 and 2018 rules are exactly the same, so unless someone asks for a projection and gives me estimated numbers for 2019, the 2019 column should be identical to 2018, except for kids turning 17, or taxpayers turning 65. And I'm not even sure ATX handles that automatically.

If you are using it, I highly recommend setting preferences to not print zeros. It's easier to read and gives you room to type notes.

[Yardley CPA]

1 hour ago, Abby Normal said:

Well, it was partly a joke 'plan', ha ha. But, before the big law changes, I rarely used it. Besides 2019 and 2018 rules are exactly the same, so unless someone asks for a projection and gives me estimated numbers for 2019, the 2019 column should be identical to 2018, except for kids turning 17, or taxpayers turning 65. And I'm not even sure ATX handles that automatically.

If you are using it, I highly recommend setting preferences to not print zeros. It's easier to read and gives you room to type notes.

I do use it and my clients seem to find it useful in planning their withholdings.  You're certainly right, assuming things remain relatively equal, there shouldn't be big changes from year to year.  With that said, I do have my print options so zeroes disappear.  

[joanmcq]

I use it for a lot of clients, especially for any kind of life changes.  I have a lot of clients retiring/buying a house/etc.  Every client got one last year.  Even for 2019, the standard deduction is increasing; I just used it to check a client that had a tiny refund this year to make sure next year won't have any surprises.