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  #2  
Old 01-08-2005, 12:12 PM
Art McClinton
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Default Re: 401(k) Transfers / Tax Estimator

Your paycheck can be set up with the taxible and non-taxible portions
during the entry. I have been doing this since early versions of Money
(97) and have continued it into Money 05. Since I set this up prior to
the developement of the paycheck wizzard I have not looked at how to do
it in the wizzard. I simply have two funding sources in the split of
the pay check. I end up at the end of the year with Money calculating
providing the split of everything that shows up on the W-2 from the
employer. Thus the tax estimator provides a very accurate gross income.

This enables the correct hanling of all of my pre-tax deductions
(medical insurance, HCAP, etc)

Art

Larry wrote:

- quote -

> In Money 2005, I have my recurring paycheck setup to transfer my 401
> (k) deduction to another account. There does not seem to be a way to
> tell Money that this is a 401(k) deduction, so the tax estimator shows
> the wrong amount for gross income. Is there a solution to this other
> than manually entering a number in the tax estimator?


  #1  
Old 01-07-2005, 07:53 PM
Larry
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Posts: n/a
Default Re: 401(k) Transfers / Tax Estimator

My final numbers did not make sense. However, the problem was not
the 401(k) deduction, but my local taxes not being deducted. Sorry
for the confusion.


"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
news:OXLjIUN9EHA.4004[at]tk2msftngp13.phx.gbl:

- quote -

> In prior versions--I haven't debugged M05's tax estimator--the tax
> estimator subtracts whatever is on the Before Tax tab of paychecks
> from what's on the first line of the Wages tab of all of your
> paychecks.
> Where are you putting the Transfer?
> "Larry" <none![at]speakeasy.org> wrote in message
> news:%23sP0yQN9EHA.2900[at]TK2MSFTNGP09.phx.gbl...
> > In Money 2005, I have my recurring paycheck setup to transfer my

401
> > (k) deduction to another account. There does not seem to be a way

to
> > tell Money that this is a 401(k) deduction, so the tax estimator
> > shows the wrong amount for gross income. Is there a solution to

this
> > other than manually entering a number in the tax estimator?


 
Old 01-07-2005, 03:22 PM
Dick Watson
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Posts: n/a
Default Re: 401(k) Transfers / Tax Estimator

In prior versions--I haven't debugged M05's tax estimator--the tax estimator
subtracts whatever is on the Before Tax tab of paychecks from what's on the
first line of the Wages tab of all of your paychecks.

Where are you putting the Transfer?

"Larry" <none![at]speakeasy.org> wrote in message
news:%23sP0yQN9EHA.2900[at]TK2MSFTNGP09.phx.gbl...
- quote -

> In Money 2005, I have my recurring paycheck setup to transfer my 401
> (k) deduction to another account. There does not seem to be a way to
> tell Money that this is a 401(k) deduction, so the tax estimator shows
> the wrong amount for gross income. Is there a solution to this other
> than manually entering a number in the tax estimator?



  #-1  
Old 01-07-2005, 03:16 PM
Larry
Guest
 
Posts: n/a
Default 401(k) Transfers / Tax Estimator

In Money 2005, I have my recurring paycheck setup to transfer my 401
(k) deduction to another account. There does not seem to be a way to
tell Money that this is a 401(k) deduction, so the tax estimator shows
the wrong amount for gross income. Is there a solution to this other
than manually entering a number in the tax estimator?
 

Tags
401k, estimator, tax, transfers
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