In the Quickbooks 2019 Estimated Tax Profile the personal exemption is set to $0, why? I do have one dependent and being single also head of household.


Thank you for posting here in the Community, gemjo.

Let me share some information about the personal exemption in QuickBooks Self-Employed.

A Personal Exemption is the amount of money the IRS allows taxpayers to deduct from the annual taxable income. A tax reform bill was recently passed about the elimination of the standard personal tax exemption

This is why your personal exemption in QuickBooks Self-Employed for tax year 2019 is $0. 

You can check the details on the IRS website using this link:

Here's also an article about on how we calculate estimated tax payments

That's it. If you have any other questions or would like me to clarify anything else about your estimated tax profile in QBSE, let me know. I'm always glad to help in any way I can. Take care and enjoy the weekend.

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