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November 29, 2022
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2023 Standard deduction is wrong in the planner page of the 2022 software

Related products:ProSeries
  • November 29, 2022
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In the 2022 program, under the "tax planner" page, the program is not calculating the 2023 standard deduction for people 65+, Specifically when a MFJ couple has one over 65. $27,700 + 1,500 = $29,200 but program shows 29,100.Also, I believe the rates in the planning software have not been updated to the 2023 tax rates as announced by IRS in October.I do note that in the 2021 software, the 2023 numbers seem to be correct.Thank you.

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