Debt management

I e been contacted by the IRS but I was not home when it was delivered. It requires a signature. I have been making payments even though I’ve fallen behind a few times 

My W2 amount is being put on Schedule 1 instead of on 1040, line 1a. I've had this same W2 for years and never had this problem before with TurboTax. I've tried deleting and re-entering the W2 info, with the same results.

Identity theft has become a major concern I have more loans and credit cards in my name that i am not responsible for my credit score is in the 400s no one will ever offer me a loan or credit card to pay off my debt . I don’t know what to do about this situation and I never receive answers from anyone. Please advise me or help me in anyway possible please 

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 within a week he took the vacuum  and give it to his girlfriend while he was leaving with me. Ok now moving forward to this year 2021. While I was at work my mom told me a sheriff came to look for me  and gave her some paperwork saying that I had court last year, I never received anything letter according to this  and now the vacuum it's more then $5000.when I was living with my child's dad he got me a lot of debts  what can I do in this case?

where do I enter my 2024 medicare part b premiums not being deducted from SSA?

We want to use 401k funds to draw down a home equity line of credit balance. We're concerned that in doing so we will place ourselves in a higher tax bracket. Won't those 401k funds we withdraw to pay debts be counted as income, thus placing us in a higher tax bracket? Our current tax rate is 5.75 percent. Appreciate any advice you can offer.Thanks,Long-time Turbo Tax customer  

Can Miami county ohio child support garnish my earned income tax credit on taxes return for back child support they told me to ask a tax person

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

  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 Borrowing money for college Using credit cards as a clutch Incoming is lower than expenses Can you relate and have you gone into debt for any of these reasons?   If so, where are you on your debt journey?   People go into debt everyday for a number of different reasons and whether you’re looking for advice or you’ve been through it yourself, we would love to hear from you.    

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 need to have my wife do that so I can deduct it?

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 understanding of section 1231 gain is that it's a capital gain of an investment which in my case is selling of a property. Please help me to understand why TurboTax put a captial gain in Passive Activity Loss Limitations(Form 8582). Thanks, Long

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, since it was part of the entire 66K distribution during covid?

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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.

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 my phone.  All do the same thing.

can I file through turbotax my 2022 return now

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.

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 business. The amount of rent paid in the previous year equals $17,307.  Will this expense be written off in total and credited to me? How much money will this deduction save me? How will this deduction help me save on my monthly rental payments for the upcoming year? 

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 employee, and I forgot to switch back to KS for the everyone else that came after. Do I have to refile for everyone with the wrong state abbreviation? there's NO state tax withheld

Does Mint support a Bi-Monthly (Bi-Weekly) Budget? For example, we get paid twice a month, on the 1st and the 15th. We have 1st-15th bills and we have 16th-31st bills. It’s not a simple Monthly Budget for us and we need to know how much we have spent and have remaining for the 1st half of the month, and the same for the last part of the month. Essentially, we need to track certain budgets against the 1st-15th, and the other budgets against the 16th-31st. Does Mint support this? I do this with my own spreadsheet now, but would appreciate using an online tool to manage this if it's out there.

What is the maximal amount a self employed 1099 contractor can contribute to retirement accounts?What times of retirement accounts can 1099 self employed contractor contribute to beyond Rollover IRA or Roth IRA?

Are property taxes and mortgage payments deductible for 2023 fiscal year for primary residence?

Does Mint allow setting up a monthly budget/spending plan and then tracking how close that is to reality throughout the month? I tried Simplifi and amazingly after I set up my monthly spending plan, it was showing the amounts spent on water, sewer, trash, gas as zero because they're inside the rent payment, which I have split out into the proper categories. That makes that tool unusable. Does Mint have this problem too?

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