turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Missed property tax credit

Last year Turbo Tax missed calling out a ‘new for 2020’ tax credit for Nebraska home owners - the ‘NE PTC 2020’ Property Tax Credit. I ended up filing an amended return with bad instruction from a Turbo Tax expert resulting in a refund delay due to a calculation mistake. Is it better to wait until March to file this year to ensure Turbo Tax is on top of ALL the deductions I’m entitled to - with expert advice?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
DawnC
Employee Tax Expert

Missed property tax credit

It is always better to wait a bit before filing.   Tax laws for each state change each year and even though the IRS is now accepting tax returns, there are still many federal forms that have not been finalized yet.   If you have those forms in your return, you can't file yet.   There are many states that can't be filed yet as well.   So, even though TurboTax likes to send out lots of emails telling you to file early, it is not always the best course of action, especially if your return has tax topics that are not updated yet.

 

I would never ever file in January considering most form issuers have until 01/31 to send out forms.   Late February, early March are much better options to ensure all federal and state forms are updated and finalized by the taxing authorities (IRS and state revenue offices).   

 

Form PTC, Property Tax Incentive Act Credit for this tax year, 2021 is available now however.   Here is a link to see all of the Nebraska forms and when they will be ready to go!  

 

 

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies