jrual
Returning Member

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.