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TurboTax State Taxes Paid Calculation Incorrect

Forum|Forum|5 years ago
February 4, 2021
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The amount being shown on 1040 Schedule A, line 5a, is not matching the total of the state taxes paid as entered into the W-2 and 1099R portions of the program ($10205 vs. $9228). This incorrect number is feeding into my New Mexico PIT-1 line 9a entry, even though the parallel calculation on the NM Tax Payment Worksheet in the program reflects the correct number ($9228).

Has anyone else noticed incorrect calculated amounts in their 1040 Schedule A on line 5a, and is this a bug in work or is their a fix?

Best answer by ThomasM125

Line 5(a) would also include state income taxes paid in 2020 from 2019's state tax return. Also, it would include the amount in line 19 of your W-2 form, local income taxes. Also, if you paid any state estimated taxes that would appear in line 5(a).

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ThomasM125Answer

Line 5(a) would also include state income taxes paid in 2020 from 2019's state tax return. Also, it would include the amount in line 19 of your W-2 form, local income taxes. Also, if you paid any state estimated taxes that would appear in line 5(a).

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KB_NictoAuthor

Copy! That found the missing number, but how does state tax owed for 2019/paid in 2020 flow into the number that shows up on line 5a? I can't find it the specific area where that's added. The new version of the "Schedule A lines 5-12 Tax and Interest Deduction Worksheet" doesn't clearly spell it out for me. <sigh> That's where it was captured for 2020.

I anyone still pushing for a flat tax? 😉

KrisD15

You should find it under

ONLINE

Federal

Dedications & Credits

Income Taxes Paid

Other Income taxes Paid in 2020

balance due on your 2019 state taxes paid in 2020

DESKTOP

Federal Taxes

Deductions & Credits

Scroll down to Other Income Taxes (under Estimates and Other taxes Paid)

Oher Income Taxes paid in 2020

It is listed on the State Tax Deduction worksheet

State and Local Tax deduction is limited to 10,000

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Geomguy

i just got a tax refund from State... TurboTax miscalculated so I paid more... my Federal tax is almost twice of last year, I'm guessing TurboTax messed up again but the only way to tell is to 1. wait for the Feds to refund the overpayment or 2. file an amended return. (if they did this to me they likely did this to you... class action?)

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freeaol123

My State was GROSSLY incorrect. Was supposed to get $3000 back, got letter from state and a lovely refund of $440....UNREAL. Will see if audit defense is worth it's weight or not, but calculation guarantee is a joke as it only covers penalties and interest....how about being 75% off on your calculations?