Important Notice: Some TurboTax® And Proseries® Users Who Deducted Tuition And Fees from Federal Gross Income May Need To Amend Their 2016 State Tax Return
On March 27, 2017, Intuit, Inc. (“Intuit”) notified the Department of Revenue (“Department”) of a calculation error in its 2016 TurboTax and ProSeries State tax products. Specifically, the “Qualified Tuition and Related Expenses” add back to federal adjusted gross income required under N.C. Gen. Stat. § 105-153.5(c2)(2) was not calculating correctly.