Mjcpr
3/2/2008, 03:27 PM
I much prefer TT but I always use TS because it's quite a bit cheaper. So, I usually enter all my info in TT to make sure the refund/payment amounts match so I'm comfortable with the TS results.
I did it just now and saved myself over $300. TT reminded me to include last year's state income tax payment which put me over on the itemized deductions and gave me a $51 refund rather than a $250 tax due!
However, TT has a lower Oklahoma taxable income amount than TS by $201. You can't see the form on TT so I can't figure out what it is. The change occurs when TT subtracts the Oklahoma deduction amount of $3000 ($1000 x number of exemptions)....somehow they are subtracting $3,200.
Any idea what that extra $200 might be? An extra credit amount or something? :confused:
I did it just now and saved myself over $300. TT reminded me to include last year's state income tax payment which put me over on the itemized deductions and gave me a $51 refund rather than a $250 tax due!
However, TT has a lower Oklahoma taxable income amount than TS by $201. You can't see the form on TT so I can't figure out what it is. The change occurs when TT subtracts the Oklahoma deduction amount of $3000 ($1000 x number of exemptions)....somehow they are subtracting $3,200.
Any idea what that extra $200 might be? An extra credit amount or something? :confused: