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Why is Turbo Tax applying a 'Senior Citizen' credit on my Ohio income tax form - I'm not supposed to get this if I'm claiming a 'Lump Sum Distribution' retirement credit?

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Cynthiad66
Expert Alumni

Why is Turbo Tax applying a 'Senior Citizen' credit on my Ohio income tax form - I'm not supposed to get this if I'm claiming a 'Lump Sum Distribution' retirement credit?

Please see if this applies to you:

 

Senior citizen credit: Taxpayers who were 65 or older during the tax year can claim a credit of $50 per return. This credit is also available on the Ohio school district income tax return (SD 100).

 

Lump sum distribution credit: Instead of the senior citizen credit, a taxpayer who receives a total, lump sum distribution may be able to claim a lump sum distribution credit on their Ohio income tax return (IT 1040). If the taxpayer elects to claim the lump sum distribution credit, the taxpayer cannot claim the senior citizen credit on the same year's Ohio income tax return or any future return. Note: Claiming this credit does not affect your ability to claim the senior citizen credit on a school district income tax return. 

 

I suggest reviewing the entries made in the interview section of the Ohio return to ensure that you answered the questions accurately.  Also I suggest that you clear your cookies and history to remove any loops that you computer may be experiencing.

 

Here is how to clear your history.

 

Cookies are small files that temporarily store data on your computer. We use them to personalize your experience so you see information you already entered and not items that are irrelevant or repetitive.

 

On rare occasions, they may make your browser think you already did something that you still need to do. To fix that, you'll need to delete (clear) the cookies from your browser.

 

Each browser has a slightly different method for deleting cookies. Choose the browser you're using:

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