Is this new credit automatically forwarded from my Federal documents or do I need to input the information somewhere in my Missouri documents? If I need to input the information, where is this done?
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The credit is based on the Federal Earned Income Tax Credit amount you receive. So, as you go through and answer all the questions in the federal section, your MO credit will be calculated. All you will need to do is walk through the state and complete as you normally would. TurboTax will ask any necessary questions and the credit will be applied if you qualify.
If you do not qualify for the federal EITC, you do not qualify for the MO credit. You also cannot have investment income of more than $4,500 and you cannot be married filing separately.
The credit is based on the Federal Earned Income Tax Credit amount you receive. So, as you go through and answer all the questions in the federal section, your MO credit will be calculated. All you will need to do is walk through the state and complete as you normally would. TurboTax will ask any necessary questions and the credit will be applied if you qualify.
If you do not qualify for the federal EITC, you do not qualify for the MO credit. You also cannot have investment income of more than $4,500 and you cannot be married filing separately.
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