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March 29, 2020
Question

What is the maximum federal income tax deduction allowed? My total tax from federal return exceeds $5000.

  • March 29, 2020
  • 3 replies
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3 replies

March 29, 2020

what do you mean by federal income tax deduction? 

jan1857Author
March 29, 2020

This is for the MO-1040, line 12. Thanks,

DoninGA
Employee
March 29, 2020

Federal taxes owed or a Federal tax refund can be any amount, there is no limit.