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- How are your working around the change to how AL calculates the Federal tax deduction on Form 40 line 12?
How are your working around the change to how AL calculates the Federal tax deduction on Form 40 line 12?
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patricia125
Level 2
03-15-2022
10:08 AM
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Feb. 17, 2022 AL legislature made a change to the Federal tax deduction on their individual return. The worksheet originally showed decreasing the Federal liability by the Earned Income Credit, Add'al Child Tax Credit and the American Opportunity Credit. This is would a smaller deduction for AL taxpayers and higher taxable income. Taxpayers were told to wait about two weeks before filing AL individual returns so that a change could be made NOT decreasing the Federal tax deduction by these credits, thereby, giving individuals a larger deduction and a decrease to taxable AL income. Here it is March 14th and still no update.
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