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2024 Nebraska 1040N Line 18 calculation error: uses last year's personal exemption credit amount

I'm using TurboTax 2024 Deluxe Desktop version. In the TT Nebraska 1040N, Line 18 reads

"Nebr. personal exemption credit for residents only ($166 times the number on line 4)" 
This is the same language found on the official 2024 NE 1040N, so $166 is in fact the correct credit.

TT doesn't enter the correct amount.  My Line 4 is -1-; so line 18 should be 1 x 166 = $166.
TT enters $157.

$157 is the correct amount for tax year 2023.  This is the text on Line 18 for 2023: "Nebr. personal exemption credit for residents only ($157 times the number on line 4)"

I think someone didn't update the line 18 calculation with the new 2024 NE personal exemption credit amount of $166.

How can I report this?

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1 Best answer

Accepted Solutions

2024 Nebraska 1040N Line 18 calculation error: uses last year's personal exemption credit amount

@davidb42 

 

I don't know what the issue  is with the token number

BUT

 

The 2024 NE tax forms are not scheduled to be ready until on/after 30 Jan 2025.

I suspect the exemption/credit number will be update by then.  Check on every Friday, since updates are usually done on Wed or Thursday overnights.

______

I know that for prepping NC forms in prior years, that TTX just used the prior year's, forms/values while entering data early in the tax cycle (any time in January)....up...until they finally implemented the new year's tax forms.

For you, and Nebraska forms, that is "expected" to be 30 January.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

View solution in original post

3 Replies

2024 Nebraska 1040N Line 18 calculation error: uses last year's personal exemption credit amount

I uploaded a tax file, Token number 130409256-23673334

2024 Nebraska 1040N Line 18 calculation error: uses last year's personal exemption credit amount

Hmm, TT  edited the Token number, entering 130409256-23673334 instead. Let me know if the full token number is required. Or, perhaps the full number was sent through, but was censored in the post view?

 

2024 Nebraska 1040N Line 18 calculation error: uses last year's personal exemption credit amount

@davidb42 

 

I don't know what the issue  is with the token number

BUT

 

The 2024 NE tax forms are not scheduled to be ready until on/after 30 Jan 2025.

I suspect the exemption/credit number will be update by then.  Check on every Friday, since updates are usually done on Wed or Thursday overnights.

______

I know that for prepping NC forms in prior years, that TTX just used the prior year's, forms/values while entering data early in the tax cycle (any time in January)....up...until they finally implemented the new year's tax forms.

For you, and Nebraska forms, that is "expected" to be 30 January.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
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