Lower your debt - Intuit TurboTax + Mint Community

Debt management

Featured Discussion: Common Reasons You May Be in Debt

Our Turbo blog recently published an article highlighting the top reasons why people are in debt along with suggested fixes and next steps. The five categories include: Not using a budget or trying to track spending Lacking an emergency fund Borrowin... read more

116

Featured Discussion: Common Reasons You May Be in Debt

116

Dual family taxes

I suspect my stepsons father keeps claiming him as a dependent even though he lives with me year round. How can I confirm this?

Deducting IRA contribution when also having 401k

For 2023 I contributed to a retirement 401k account through work.. with that in mind I would like to also deposit about 5,000 dollars into an IRA to lower my taxable income… am I allowed to do that since I’m contributing to a 401k at work or would I ... read more

How or what can I do to lower my debts?

Having a lot of debts is so stressful especially when you a single mother, while living with my child's dad he got a stupid vacuum, honestly I didn't paid attention because I was busy with my son so he got a $3000 vacuum with my signature on it and w... read more

Form 8582 1a input with net section 1231 gain

In my K-1, I have a loss from box 2(Net rental real estate income(loss)) and a gain from box 10(Net section 1231 gain). When TurboTax generated Form 8582, it automatically put my net section 1231 gain into box 1a(Activities with net income). My under... read more

401K covid distribution - rolled over 10K

took complete 401k of $ 66K Distribution in April 2020.. Rolled over 10K before 60 days. So i was taxed on entire amount and I claimed 56K on tax return. I withdrew entire 10K that I had rolled over. Do I have to pay 10% penalty because I am only 59,... read more

RAL loan

For my daughter a W2 employee hair stylist in New Jersey.

Understand Federal deductions have changed, but what about NJ.Especially commercial parking costs that are not $ supported by employer.Most information is for self-employed or chair renters.

Turbotax Keeps cycling in finish and file back to review to pay with federal return

On the finish and file page you confirm pay with federal return. Then it confirms elligibility to pay with Federal Return. Then confirm payment and it goes right back to review. I tried different browser. I cleared cookies and catch. Also tried from ... read more

2022 taxes

can I file through turbotax my 2022 return now

where does turbotax account for catch up contributions?

I am reviewing old tax records. I assumed entering the information from the W2 for 401k contributions would be part of its process. I cannot find how 2020 accounts for catch-up contributions. It keeps telling me I contributed excess.

Home Office Deduction

Can someone please educate me on how to file form 8829? To my knowledge, it would be filed with my personal tax return. I have a DBA and EIN and would like to use the home office deduction to set up an office in a new apartment to establish my busine... read more

Income received in 2024, but work is performed in 2025 and expenses are incurred in 2025 - what year does the income need to be reported?

Our small business will collect payments from customers in 2024 for retreats we are hosting in early 2025. The payments collected in 2024 will be significant ($300k+) and our expenses associated with the retreats in 2025 will be significant ($200k+),... read more

1099 NEC Box 6

I did a few federal and state e-filing for 10 of my employees, just found out the state abbreviation I put in box 6 was incorrect for the majority of them. Since one employee lives in CA and the rest lives in KS. I switched to CA for that one employe... read more

Top Contributors

User

Count

Spotlight

Tax Questions: Who's Your Expert?

Inflation Reduction Act: What it could mean for you and your taxes

My Taxes Have Been Filed - Now What?

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Featured Topics

Featured Discussion: Common Reasons You May Be in Debt

Featured Discussion: Common Reasons You May Be in Debt

Dual family taxes

Deducting IRA contribution when also having 401k

How or what can I do to lower my debts?

Form 8582 1a input with net section 1231 gain

401K covid distribution - rolled over 10K

RAL loan

For my daughter a W2 employee hair stylist in New Jersey.

Turbotax Keeps cycling in finish and file back to review to pay with federal return

2022 taxes

where does turbotax account for catch up contributions?

Home Office Deduction

Income received in 2024, but work is performed in 2025 and expenses are incurred in 2025 - what year does the income need to be reported?

1099 NEC Box 6

Get more help

Ready to start your taxes?

Do you have a TurboTax Online account?

Featured Topics

Get more help

Ready to start your taxes?