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Error on Vermont HI-144 line v
There is an error on VT HI-144 on line v. For 2020, the cut-off should be "born after January 1, 1956" for re-adding the interest and dividends into income, NOT "born after January 1, 1955." This doubling of interest and dividend income for purposes of calculating property tax assistance only applies to people who are under 65 years old at the end of the year. TurboTax, please check this out and fix it. This error will impact everyone in Vermont who turned 65 in 2020 (as I did) and who is applying for property tax assistance -- a lot of people -- and it will reduce those people's property tax assistance for next year. This is a big deal!!
Thank you, Dorothy Mammen, Middlebury, VT
March 4, 2021
10:44 AM