Thank you for your assistance so far!
A few more questions before I submit.
- I have placed the 2022 payments I made under “Claim of right repayment over $3K” under “Other Deductible Expenses” under the “Other Deductions and Credits” under the “Deductions and Credits” section. I believe this to be the correct place to input this information based on the following website: https://ttlc.intuit.com/turbotax-support/en-us/help-article/taxation/claim-right-repayment/L0aW5v3Tp.... Is this correct or is there a more correct location I can place these payments?
- I made income as an ensign under the United States Navy that was reported under a W2 form in Box 1, yearly, from 2015-2018
- I was honorably discharged in 2018 due to a medical condition
- I am expected to payback all income made and have begun repayment of in 2022
- As an AZ single individual resident, I anticipate making >$75K in 2023. According to the website below, I need to make estimated payments (See Q1). AZ’s 2023 tax rate is a flat 2.5%. I plan on changing my AZ withholding election to 3% plus additional amounts to be withheld in order to compensate for the 2023 pay periods which have already occurred. I anticipate that this will be enough to cover my AZ tax. Based on Q6 on the same website, I won’t need to do estimated tax payments if I do the above. Is this correct and if yes, is it acceptable not to print out any estimated tax vouchers in AZ? I just want to keep things simple by just increasing the withholding
- Is it mandatory to enter AZ-only depreciation? On my return it states “We don’t see a deduction for depreciation on your federal return. Do you want to enter AZ-only depreciation?”
