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New Member
posted Apr 3, 2022 9:15:38 PM

Does anyone know how to fill out this AL FIT Wkst

I know Alabama just passed this new tax relief

0 5 794
5 Replies
Expert Alumni
Apr 4, 2022 7:21:57 AM

Please clarify.

  •  Is the Alabama Federal Income Tax (FIT) worksheet that you're referring to on your individual income tax return Form 1040 or is it a business form (1120, 1120-S or 1065)?

 

New Member
Apr 6, 2022 11:55:44 AM

indiv. 1040

Level 1
Apr 7, 2022 10:42:30 AM

Yes.  ALDOR has a spreadsheet that shows how to calculations are to be done.
revenue.alabama.gov/arpa-tax-relief/

Here's the direct link to the spreadsheet:
revenue.alabama.gov/wp-content/uploads/2022/03/Federal_Income_Tax_Deduction_Spreadsheet_V1.2.xlsm

Note: Turbotax (desktop) updated the calculations for this worksheet in the last couple days and I think it contains an error on Part II Line 3.  Per the ALDOR site above, Part II Line 3 (Child Tax Credit) is an unchangeable field with a zero value.  TT is trying to pull an amount.  I've verified with ALDOR that Part II Line 3 should be zero.  I ended up doing an override to change it back to zero so I could finish my taxes.

 

peepawl189 Hope this helps.

 

New Member
Apr 10, 2022 8:52:11 AM

How do you do an override? I can't change anything.

Level 1
Apr 10, 2022 1:45:28 PM

@rwminor In TT, using the forms view (upper right corner) you can right-click in the field you want to adjust and you will see the override option about half-way down.  I should allow the change and will then show the field entry in red indicating the override.  Be *very* careful about overrides in general, and it may call your attention to them during review to verify your intent.  I have not ever had to do them on federal return, just on AL this year and last.  (Last year was regarding taxability of 529 rollover.)