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State tax filing
Thank you for your reply!
Once I updated it, now the tax due got updated as well.
I didn't find the worksheet on the TurboTax.
The MO tax calculation worksheet is in the MO-1040 instructions on page 26.
MO's marginal income tax rate for 2022 was 5.3%, which is now 4.95% for 2023.
The bracket is also slightly different.
Check this: https://www.efile.com/missouri-tax-brackets-rates-and-forms/
And the official page: https://dor.mo.gov/taxation/individual/tax-types/income/year-changes/
I am a bit disappointed that TurboTax does not apply very basic things when they release the draft versions, although the form says "Do Not File" on it for the draft versions.
‎January 25, 2024
3:22 PM