jfarians
Level 2

It appears that ProSeries is incorrectly calculating Line 27 of the Iowa Form 1040. The detailed instructions say to not include any stimulus money in the refund amount (https://tax.iowa.gov/expanded-instructions/federal-income-tax-refund-overpayment-received-2021). ProSeries is using the current year stimulus money in the calculation as opposed to the prior year.

For example, If I got a $5,000 refund on my 2020 tax return, but $1,800 of that was because I didn't get the first two stimulus checks, my taxable federal refund on Line 27 should be $3,200. Let's say I didn't get the third stimulus check either. If everything else stayed the same, ProSeries would incorrectly calculate my taxable refund as $3,600 ($5,000 - $1,400 (3rd stimulus check)). 

I know it is early in the season, but can you please have the software engineers look into this?

Thank you!