rbuss915
New Member

Business & farm

@DawnC 

 

I have already filled my taxes, but I opened up TurboTax today to check something on my filling.  The state of Iowa had an update that loaded.  After the update, it is calculating my Iowa taxes differently (initially giving me much anxiety).  However, after reviewing the forms, I came to the same conclusion as the OP, the software is making an error.   

 

My federal refund for 2022 was 33,782 and is correctly entered as such in the interview portion of the program.  However, when opening the forms, Form IA 1040A Schedule 1 line 14 incorrectly doubles the federal refund to 67,564 and thus increases taxes owed (substantially).  When I review my saved filled form, this is correctly listed as 33,782.

 

The new update appears to be causing the error.  This is a pretty substantial error for the software as many people will have federal refunds from 2022 that will be taxed in 2023.  Currently the software is calculating an excessive amount of owed state tax.