The Monroe County tax rate goes from 0.01345 to 0.0203500 on October 1, 2022. With the Indiana 2022 Schedule CT-40 a 3:1 weighted average tax, 0.015175, is employed for all of 2022. TurboTax applies 0.0203500 for the entire year. Instead, TurboTax should use 0.015175 for the entire year too.
(0.0203500+3*0.01345)/4 = 0.015175
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You can contact Support about this issue, but you might want to wait a couple of weeks because the state section of the program might not be complete (there should be additional updates forthcoming).
You can contact Support about this issue, but you might want to wait a couple of weeks because the state section of the program might not be complete (there should be additional updates forthcoming).
Has this been corrected? Or should I do my taxes with another service?
This has been corrected.
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