Warning to People with Missouri Public Pensions (including teachers with PSRS)

This isn't a question but a warning. If you are a Missouri resident with a public pension (for example, a retired teacher), the current TurboTax Missouri forms are taxing you for the pension instead of exempting it. This will cause $1,500 extra in taxes! I contacted customer service this morning, and they said that they were working on it, but it looks like they are still allowing people to file their state taxes without any warning about this error.

Look at Line 8 on you Missouri 1040, and if it doesn't have the amount of your pension--or $46381 if your pension is more than that--there, then you are being taxed when you shouldn't be!

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