Money: Tax Estimator Standard Deductions and Customization
  
PSS ID Number: Q171709
Article last modified on 08-19-1998
 
WINDOWS:98,99
 
WINDOWS
 

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The information in this article applies to:
 
 - Microsoft Money 99
 - Microsoft Money 98
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SUMMARY
=======
 
The Income Tax Estimator uses the following defaults when calculating the
Standard Deductions:
                               Standard Deduction      Standard Deduction
Filing Status:                    in Money 98:            in Money 99:
-------------                  ------------------      ------------------
Single                               4,000                   4,150
Married - Joint Filing               6,700                   6,900
Married - Separate Filing            3,350                   3,450
Head of Household                    5,900                   6,050
 
MORE INFORMATION
================
 
Every time you connect to the Internet from Money, the tax rates,
deductions, and exemption amounts will be updated for you. If you do not
have a modem, you can manually change these figures in the Tax tab of the
Options dialog box. If you don?t want Money to update the tax rates when
you connect to the Internet, clear that option on the Online Services tab
of the Options dialog box.
 
Update via the Internet
-----------------------
 
To update the information via the Internet, follow these steps:
 
1. On the Tools menu, click Update Internet Information.
 
2. If this is the first time you have updated, select your Internet Service
   Provider from the menu or click Use Proxy.
 
After all online information is updated, you receive a Call Summary
stating that your call completed successfully.
 
Update Manually
---------------
 
To update the information manually, follow these steps:
 
1. On the Tools menu, click Options.
 
2. Click the Tax tab.
 
3. In the "Show rates for filing status" list, click Custom.
 
4. Adjust the tax rates, deductions, and exemption amounts.
 
5. Click OK.
 
Additional query words: 6.0 7.0 w_money hat taxes tax-table 1040 IRS
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Keywords          : kbdta mnyweb kbonline 
Version           : WINDOWS:98,99
Platform          : WINDOWS
Issue type        : kbhowto
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Copyright Microsoft Corporation 1998.