Non-refundable credits not being applied to Other Taxes!!
Non-refundable credits such as the child tax credit are only being applied to the regular income tax BEFORE Other Taxes, such as excess APTC repayment, are added. This is incorrect for Form 1040. This results in a portion of the non-refundable credit being wasted/lost if the credit doesn’t fully offset the regular tax, resulting in taxes owed due to the Other Taxes which should have been offset by the remainder of the non-refundable credits after all taxes are added.
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Wonderful Tool
No ads, clean and simple layout, helpful content in-app. While paying taxes sucks, this app does not!
Suggestion for a future release would be the ability to populate and save multiple estimates (or export the current estimate) for easier comparison of different tax scenarios.
That said, I paid for the app and will continue to support it going forward!
Suggestion for a future release would be the ability to populate and save multiple estimates (or export the current estimate) for easier comparison of different tax scenarios.
That said, I paid for the app and will continue to support it going forward!
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Ejinkonye
There is a message that keeps popping up for donations. I gave a 3.99 donation. It’s still present.
Useful, confusing estimates part
I found this app very useful to get a quick overview of my tax situation, it’s easy to use and includes helpful tips.
The one aspect I found confusing is the field “Projected Federal Tax Withholding” - I had expected that exactly this field is the output of the analysis: where am I projected to land and is this sufficient, based on my income details, tax status, and perhaps ability to enter additional withholding per paycheck. I’ve done the math myself, but would find it more intuitive if it calculated it for me.
The one aspect I found confusing is the field “Projected Federal Tax Withholding” - I had expected that exactly this field is the output of the analysis: where am I projected to land and is this sufficient, based on my income details, tax status, and perhaps ability to enter additional withholding per paycheck. I’ve done the math myself, but would find it more intuitive if it calculated it for me.
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Okay, if you don’t itemize. Tax caster better.
Okay, if you don’t itemize. Tax caster better
