Non-refundable credits not being applied to Other Taxes!!
Response from developer
I’ll have to look into this. This situation has not affected me. At least yet :). I’ll try my best to get to it asap. Thanks!
Wonderful Tool
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!
Response from developer
Thank you so much for the kind words! I will look into adding these features.
Ejinkonye
Response from developer
I’m so sorry I missed this review. That notification should be disabled. I’ll have to look into that. Thank you for the 4-star review 🤩
Useful, confusing estimates part
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.
Response from developer
Thank you for the kind words 🙏. I’m happy you have found value with Taxes Suck 😊 Thank you for the feedback. It really helps! I will do my best to address this in future updates. It may take me some time to revamp that section. Thanks for your patience!
Okay, if you don’t itemize. Tax caster better.
Response from developer
Tax Caster & Taxes Suck are two fundamentally different applications. “Taxes Suck” helps you estimate & project your “current” year Federal & State income tax so you do not have a substantial outstanding tax bill and possibly be subject to penalties & interest. “Tax Caster” is used to estimate your federal tax refund from a “prior” year. It only shows you after the fact, won’t help estimate current taxes, and is only federal, Not State. I do apologize there is no way to input itemized deductions. To keep Taxes Suck as simple as possible, I have chosen not to implement it. Only about 10% of taxpayers itemize, and I assume most that itemize are using a CPA to calculate & project their income taxes anyway. If you are among the 10% of people who can itemize, you can input in “Other Deductions” the amount of your itemized deductions above the standard deduction. This will be limited in functionality and won’t account for any phaseouts, etc. Also, keep in mind that Taxes Suck will lower state income by the amount input in “Other Deductions.” You may need to adjust state income by inputting the difference in state “Additions.” I hope this helps!
