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Using the Wage Projector in Intuit Tax Advisor
by Intuit• Updated 4 weeks ago
The pre-strategy baseline (PSB) Wages screen has been enhanced to support entering a YTD paycheck for each W-2, and projecting the annual wages and taxes withheld. The Wage projector is initiated from the calculator icon in the Wages field.
- The calculator supports annualizing Wages based on multiple pay period intervals, such as monthly, bi-weekly, etc.
- Federal tax withheld is also annualized.
- Social security wages and taxes are capped based on the annual wage limits.
- Additional deductions are annualized, but may not be limited based on annual limitations (yet).