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Michigan - MESP education saving program
Turbo tax error:
For the Michigan - MESP education saving program contribution, Turbo tax does not calculate the MAX deductible $ amount correctly ($5000 or $10000 depending on filing jointly or not). If one contributes more than these limits, TurboTax assumes the whole contribution is deductible, which is a mistake. Please advise.
Second Turbo Tax error:
Similarly, why would TurboTax deduct MESP withdrawals from income. What is the legal basis for that?
Please confirm these are TurboTax mistakes.
‎February 22, 2021
10:47 AM