Tax Bracket Reconciliation Worksheet

[Manhattan KS CPA]

I am a new user to Lacerte who converted from UltraTax.  UltraTax provides an analysis worksheet for both the current tax year and the next tax year projection that shows each Federal income tax bracket, the maximum amount of income subject to the tax bracket, the amount taxable in each bracket for the respective client, and the amount of tax imposed on the client at this bracket.  If someone from Lacerte will contact me, I can provide them with PDF copies of this analysis which UltraTax refers to as "Reconciliation Worksheet - Taxable Income & Tax".  I discussed this with my "Lacerte Success Coach" who told me that Lacerte does not currently offer a similar analysis.  This analysis is EXTREMELY helpful when talking with clients who often want to know what tax bracket they are in, how much is left in their current marginal tax bracket, and what the next tax bracket will be.  I realize that Lacerte has the Tax Planner module, but this UltraTax analysis is automatic and less formal.  It is very valuable in situations where the client just wants some quick information on their tax bracket but preparing a formal tax projection is not necessary. 

[Karl]

You are correct that that tool/analysis is extremely helpful.

Sadly, I wouldn't hold your breath on this one.  I imagine that tool is in their new Intuit Tax Advisor add-on, and they want to be able to charge separately for it.

Nonetheless, I voted it up for you.  Would love to see it.

[IntuitGabi]

Thanks for the idea and feedback. We are changing the status to "Open for voting" since it has been around for over 30 days and no longer considered "New". If you have any questions on the life cycle of an idea, check out our Idea Exchange Getting Started Guide for more information.

[jharvey]

This was added for the 2023 program as a worksheet for Form 1040, line 16.

[PennyMoyer]

This is a wonderful tool to help clients understand their tax situation.  Can you have it be something we can print separate from all the other worksheets?  It would be nice to have it as a stand alone to put right after the federal tax summary.

Thank you