I realize it is a free app but this doesn't give me a lot of confidence in Intuit's QA. On the next screen, from the left-side menu, select Tax Tools, and then Clear & Start Over (select the menu icon in the upper-left corner if you dont see this menu). If you type in amount, changing the slider to answer No will make TaxCaster consider the amounts entered to be zero as one might expect. menu and choose TaxCaster tax calculator Or, download the free TaxCaster. The sliders for selling stock and interest or dividend income don't act this way. IMPORTANT UPDATE: I have found TaxCaster has very flaky behavior to moving the sliders which answer its questions Yes or No, and it is not consistent from subject to subject! For example, if you answer Yes to having 'self-employed or business income' and type in an amount, the amount will still be used in its calculations if you later change the slider to answer No. It says nothing about whether it is a 2020 or 2019 version. The stimulus amount is wrong and it is not taxable income.

It then subtracts the deduction to compute the taxable income. Maybe it is flawed attempt at showing a stimulus payment. I have no idea where the additional $400 comes from. It seems TaxCaster adds $400 to the income I report when it shows total income in my review.

Taxcaster 2020