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burzio12
New Member

Why doesn't TurboTax add my Federal Tax Credit in my Missouri tax return?

 
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1 Best answer

Accepted Solutions
BillM223
Expert Alumni

Why doesn't TurboTax add my Federal Tax Credit in my Missouri tax return?

"The State of Missouri allows a deduction on your individual income tax return for the amount of federal tax you paid. The deduction is for the amount actually paid as indicated on your Federal Form and NOT the amount withheld by your employer that is listed on your Form W-2."

 

Is this the tax credit you are referring to?

 

If so, what was the amount of the federal tax assessed? Look at line 12b on form 1040.

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4 Replies
RobertG
Expert Alumni

Why doesn't TurboTax add my Federal Tax Credit in my Missouri tax return?

Which Tax Credit is it?

 

Not all Federal Credits apply to the States.

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burzio12
New Member

Why doesn't TurboTax add my Federal Tax Credit in my Missouri tax return?

For Missouri. I recieved the $10K Federal tax credit on my Missouri state return last year, but not this year. No apparent reason why. Thanks for any help! 

burzio12
New Member

Why doesn't TurboTax add my Federal Tax Credit in my Missouri tax return?

For Missouri. I recieved the $10K Federal tax credit on my Missouri state return last year, but not this year. No apparent reason why. Thanks for any help! 

BillM223
Expert Alumni

Why doesn't TurboTax add my Federal Tax Credit in my Missouri tax return?

"The State of Missouri allows a deduction on your individual income tax return for the amount of federal tax you paid. The deduction is for the amount actually paid as indicated on your Federal Form and NOT the amount withheld by your employer that is listed on your Form W-2."

 

Is this the tax credit you are referring to?

 

If so, what was the amount of the federal tax assessed? Look at line 12b on form 1040.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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