3282244
You'll need to sign in or create an account to connect with an expert.
Good news. If we assume your spouse did not retire in 2013, and TurboTax is correct by not checking either box G or H on line 24. By completing Worksheet 2 in the instructions the amount on line 11, would be $14,007 which is significantly less than the pension allowed on line 27. For this reason TurboTax used the most advantageous method and amount for your tax return.
Per Schedule 1 instructions for line 26:
If the older of you or your spouse (if filing a joint return) was born during the period January 1, 1953 through January 1, 1957, and reached the age of 67 on or before December 31, 2023, you may be eligible to deduct the larger of either: your Michigan Standard Deduction against all income types, or your retirement and pension subtraction. You are considered 67 the day before your 67th birthday. After completing the worksheet it is clear the best option was to complete line 27. The token was very helpful (see the other post).
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
lodami
New Member
paul22mcintosh
New Member
CWP2023
Level 1
iqayyum68
New Member
martinmcarreno
New Member