Did some I Bond redemption in 2023 (first time; as previously I'd been accumulating rather than redeeming), and now I am playing with TurboTax and am puzzled by how the interest impacted my state income tax.
Supposedly the interest should not be taxed by states and I am sure I've entered the amount in the right box (as confirmed by the generated PDF that the same amount was subtracted in the Adjustment form). However, if I tweak the interest to a different amount, the state income tax amount is also changed (about 1%).
Anyone helps what is going on here? Thanks!
Supposedly the interest should not be taxed by states and I am sure I've entered the amount in the right box (as confirmed by the generated PDF that the same amount was subtracted in the Adjustment form). However, if I tweak the interest to a different amount, the state income tax amount is also changed (about 1%).
Anyone helps what is going on here? Thanks!
Statistics: Posted by itworks — Sun Mar 10, 2024 7:33 pm — Replies 0 — Views 34
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