About estimating taxes in Money

Money uses the information in your file to estimate your tax liability. The more accurately you record information and assign correct tax categories to your transactions, the more accurately Money can project your tax liability.

If the Tax Estimator shows missing or incorrect amounts for some lines, check for any of these problems:


The Tax Estimator calculates your child and dependent care credit as 20 percent of your expenses, but your actual credit may vary. The credit is usually 20 to 35 percent of qualified expenses; the percentage declines as income rises.