[Event] Maximize Your Deductions

[Event] Maximize Your Deductions | Ask the Experts

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Maximize Your Deductions | Ask the Experts

Join us on Wednesday, Feb 18th any time between 9:00 am and 5:00 pm Pacific Time for our latest installment of our Ask the Experts event series. There’s nothing worse than missing a great tax deduction. Come with all your questions and our Experts wi... read more

183 day rule and ITIN

Hi Experts, Myself and my family we came to USA on July 12, 2025. We didn't satisfy 183 day rule. Is it still possible to claim Child tax credit for 2025?Me and my wife we have ssn. I have not applied for ITIN yet for my children. If I am not eligibl... read more

Treasury Bond Interest not transferring as a credit to State Tax

Why is Treasury bond interest not being subtracted from my taxable income in my state tax form? I have the treasury bond interest correctly shown in Box 3.

form 4547

Why can't I fill out form 4547 when working on my taxes in Turbo Tax?

Form 1099-R missing code P

In early 2025, I withdrew my 2024 excess contribution from my Schwab Roth IRA. However, I didn't file Schwab's excess contribution form when I did it, so my 1099-R is missing the P code to signify that I was correcting an excess distribution. How can... read more

Is Turbotax still on track for 4562 (Sched E) release this week?

many anxiously await this form... current expectation is a release sometime late Thursday 2/19 i.e. folks should expect it available the morning of 2/20. still good?

401K and SEP IRA contributions for self-employed

I am self-employed and file a Schedule C. I do not have a retirement account yet and will be opening one this month. My husband is W-2 income and has an IRA through his employer, and we file jointly. If I open a Solo 401K or a SEP IRA this month for ... read more

HSA contribution excess

My 2025 employer and payroll contributions to my own HSA account: $4,300 (self-plan).Wife's 2025 employer and payroll contributions to her own HSA account: 8,550 (half year self-plan, half year Family plan).TurboTax is saying we overpaid with excess ... read more

standard deduction

If you take the standard deduction do you still get credit for your contributions to charity?

Using standard deduction or itemizing as a single person?

I would like to use my TurboTax express to see whether to itemize or use the standard deduction .can I do three versions of my options?I don’t have many deductions besides my mortgage and real estate taxes which are low and would like to know if payi... read more

capital gains on stock sales

I sold a substantial holding in Nvidia stock last year and my reading of the rules is that if my wife and my taxable income is under approximately $95000 I owe no capital gains taxes on the sale. My question is whether or not the sale proceeds count ... read more

Paying off a mortgage

I have few deductions and would like to explore whether using standard or itemizing would be best for me and how TurboTax can help me do that ?Would it be beneficial for me tax wise to pay off my $100,000 mortgage at 3 7/8 interest rate if using the ... read more

why is turbotax not recognizing my dividends and capital gain distributions after dowloading from investment account

PA State Deductions as PA resident working in NJ

I am a PA resident working in NJ. My employer sends me 2 W-2 forms.The NJ W-2 shows all of my Federal deduction data.The PA W-2 only shows my gross income amount and a withheld tax amount based on the total gross. I know you cannot deduct health insu... read more