How do I enter the year-to-date tax information for my paycheck?

When you first set up a paycheck in Quicken, the Paycheck Setup wizard gives you the chance to enter your year-to-date tax information. If you don't want to add this information during setup, or if you start using Quicken in the middle of a tax year, you can always add this information later.

If you haven't already done so, enter your most recent paycheck from the Bill and Income Reminders List.
Click the Planning tab.
Click the Tax Center button.
Click Show Tax Planner.

Notes

For information about the data you want to enter, click a topic below.

Wage adjustments
- In the Tax Planner window, on the left side, click Wages.
- On the right side of the window, find the details for your year-to-date wages.
  - What if I don't see the wage details?
    Click Show Details.
- In the Data source area, click Quicken Data (the label includes the relevant tax year), and then click No Projected Amount.
- On your most recent paycheck stub, find the year-to-date total for Wages. This is the amount that should appear in the Annual Total column. From this amount, subtract the value displayed in the Actual YTD column. The result is the size of the adjustment you need to make.
- In the Adjustment field, enter the adjustment amount, and press the TAB key.
  Quicken recalculates the Annual Total. It should now equal the year-to-date total on your paycheck stub.
State/Local Tax adjustments
- In the Tax Planner window, on the left side, click State/Local Tax.
- On the right side of the window, find the details for your year-to-date state withholdings.
  - What if I don't see the withholding details?
    If the details aren't displayed, in the upper-left corner of the State and Local Income Tax page, click the Withholdings (or Withholdings To Date) link.
- In the Data Source area, click Quicken Data (the label includes the relevant tax year), and then click Use Per Pay Period Amount.
- On your most recent paycheck stub, find the year-to-date total for state and local taxes (these may be reported as two separate values, in which case you may need to add them together for a total). This is the amount that should appear in the Annual Total column. From this amount, subtract the value displayed in the Actual YTD column. The result is the size of the adjustment you need to make.
- In the Adjustment field, enter the adjustment amount, and press the TAB key.
  - What happens next?
    Quicken recalculates the Annual Total. It should now equal the year-to-date total on your paycheck stub.
Federal Tax Withholdings adjustments
- In the Tax Planner window, on the left side, click Withholding.
- On the right side of the window, find the details for your year-to-date withholdings.
  - What if I don't see the withholding details?
    Click the Withholdings To Date link in the upper-left corner of the Withholdings page.
- In the Data Source area, click Quicken Data (the label includes the relevant tax year), and then click Use Per Pay Period Amount.
- On your most recent paycheck stub, find the year-to-date total for federal taxes. This is the amount that should appear in the Annual Total column. From this amount, subtract the value displayed in the Actual YTD column. The result is the size of the adjustment you need to make.
- In the Adjustment field, enter the adjustment amount, and press the TAB key.
  Quicken recalculates the Annual Total. It should now equal the year-to-date total on your paycheck stub.
Your paycheck 's tax information data is now available for estimating your taxes in the Tax Planner.

Note for our Canadian Customers

The following terms will be different in the Canadian releases of Quicken.
Canada: "Cheque" / United States: "Check"
Canada: "Colour" / United States: "Color"
Canada: "Centre" / United States: "Center"
Canada: "Realise" / United States: "Realize"
Canada: "Behaviour" / United States: "Behavior"
Canada: "Analyse" / United States: "Analyze"