Microsoft KB Archive/171709

Money: Tax Estimator Standard Deductions and Customization

PSS ID Number: Q171709 Article last modified on 08-19-1998

WINDOWS:98,99

WINDOWS

================================================================ ==

The information in this article applies to:

 Microsoft Money 99 == Microsoft Money 98 == 

= 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 =

Keywords : kbdta mnyweb kbonline Version : WINDOWS:98,99 Platform : WINDOWS Issue type : kbhowto ============================================================================= Copyright Microsoft Corporation 1998.