Will upgrading to Turbotax premier, which allows me to enter my wife's T4PS, actually lower what she owes? Or does TurboTax Deluxe take the T4PS into account?
I added a T4PS and it now says she owes an additional ~$600 in taxes. But then says we need to upgrade to TT Premier to be able to enter a T4PS.
Yes, if you have T4PS (T4PS Statement of Employee Profit-Sharing Plan Allocations and Payments), it requires an upgrade to Premier as the Deluxe version doesn't accommodate that T-Slip.
I understand that. But turbo tax deluxe allowed me to enter the T4PS data, and then altered the amount owed at the top of the page. It was only after I click next it said I needed to upgrade. Is the number at the top taking the T4PS into account?
