Missouri residents should be aware that there is a bug in the current software. My current version of TurboTax home and business is giving incorrect answers for Missouri returns. The problem is in the deductions section and TurboTax is giving a full $10,000 deduction on line 12 of Missouri 1040 without regard to the AGI number. The new Missouri tax laws require that the $10,000 figure be reduced based on the AGI. Thus, the incorrect TurboTax math lowers the taxable income too much, and TurboTax shows a bigger refund than is correct. Does anyone know when TurboTax will fix the problem?
