Like the title says, from the filing process and tax questions to tax policy and reform, you can search and share All Things Tax here. This is the place to find answers to all your general questions that don't fall under the other categories. And just a reminder: questions about software or online filing should be posted in DIY Products.
08-31-2014 12:43 AM
With Taxcut 2013 fully updated, I am seeing some funny errors with actual AGI and related forms that calucluate off of AGI.
1) TUITION CREDIT - several of the IRS options (American Opportunity Credit, etc) are based on AGI, and my AGI after a 2555 reduction is MUCH lower than the threshold, yet Taxcut is evaluating that I am over the limit (based on non-2555 reduction) and bounces me out of the questionaire. I have to enter this manually and overide several items. This HAS to be a bug.
2) TAX COMPUTAION - same problem. The "view tax summary report" shows a AGI of $50k, a taxable income of $35k and a tax DUE of $11k (which is ~31%) and that might be OK if there was no 2555 reduction.
Makes me doubt MANY calculations...
08-31-2014 12:25 PM