2002 Windows State Workarounds and Other Notices
*These release dates are approximate and are dependent upon your individual state's tax form release.
The following forms are not final:
Problem: When accessing Help from the state Interview or from a state form,
TaxCut doesn't always display the correct state instructions.
Problem: Recent legislation increased the highest marginal Connecticut income
tax rate from 4.5% to 5%.
Problem: The recent tax law changes in the tax rate schedules affect the
amount of New York state estimated tax that individuals, estates, and trusts will
be required to pay for 2003.
Follow these steps to install the update and obtain your revised 2003 New York state estimated tax amounts:
Note:if you have already made your April 15th or June 16th tax payments, you may need to make adjustments to your remaining payments to account for changes in the 2003 tax rates.
Problem: When your rent exceeds the annual limit of $5,400, TaxCut allows
you to continue through the Interview as though you qualifiy for the Real Property
Tax Credit, but it does not accept entries on the "Household Members Information"
screen. When your limit on rent paid is exceeded, TaxCut should display an Interview
screen informing you that you do not qualify for the credit.
Problem: An annuity contract purchased with your own funds from an insurance
company or other financial institution is incorrectly included in the pension and
annuity exclusion on Form IT-201, line 28 or on Form IT-203, line 28.
Problem: TaxCut does not correctly calculate your Ohio Non-Resident/Part-Year
Resident Tax Credit on Schedule D of your Ohio income tax return