Missouri 2011: Railroad Retirement Withholding - Form W-2 (Wage & Tax Statement)
Missouri taxpayers, who worked for a railroad and had Railroad Retirement tax withheld on their federal Form W-2, under certain circumstances may deduct their Medicare withholding from their Missouri taxes.
Certain customers, who had Railroad Retirement tax withheld from a W-2, may have filed an incorrect Missouri tax return.
Turbo Tax has fixed this issue.
How to tell if you may be impacted
You may be affected if ALL of the following are true:
- You filed a 2011 Missouri tax return prior to January 25, 2012 AND
- You were a railroad worker who had a W-2 with an amount in Box 14 labeled “Railroad Retirement Tier I tax” or “Railroad Retirement Tier II tax” AND
- You (nor your spouse) received a 1099-RRB for railroad retirement AND
- Your federal tax return included a Schedule A (Itemized Deductions) AND
- Your Missouri tax return included Form MO-A (Income Tax Adjustments) with an amount on line 4 or line 5
If you are affected, you may have overpaid your Missouri tax. You will need to amend your Missouri tax return.