Thank you so much Tom. I appreciate it. I did the MA State tax return first and then the RI one, so that may not have helped.
In Turbotax, when I look at the 'Income Taxed by Rhode Island' section, they appear to be partially wrong, maybe because of this timing.
- The '5% income on which you paid tax' value is correct & matches what I have on my W-2 for RI State Wages (box 16).
- The 'Income Tax paid on this Income' was a bit lower so I fixed it to match what was in box 17 (state income tax ) for RI, which then resulted in hitting the max credit of $1000. Please let me know if you think I did anything wrong here.
Unfortunately after all of this, I owe money to MA for state taxes which is not covered by the refund I get from RI. I claim zero exemptions so they are already withholding the most for taxes (versus claiming exemptions).
In case you know:
- Any suggestions/thoughts on why I would still owe money if they were taking the appropriate withholdings along the way, with no exemptions, and I am getting a federal refund?
- Is there any way the refund from RI could automatically be applied to the $ owed MA to minimize what I need to pay out of pocket?
Thanks again. I really appreciate it. I knew this would be a learning year, doing this for the first time around.
