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Thursday
I have a question I filled my taxes since 2015 and today I will like to know if I have to filled and taxes with this number As single W2 1765.88 income tax 10.20 Also 1099 from my social security ...
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I have a question I filled my taxes since 2015 and today I will like to know if I have to filled and taxes with this number As single W2 1765.88 income tax 10.20 Also 1099 from my social security 19968 00 Waiting for your answers jorge mendez
Thursday
What brand are the panels?
HERE is a list of some of the codes
Thursday
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Thursday
We have tested and confirmed the experience you have seen. It would be helpful to have a TurboTax ".tax2025" file to test this issue further.
If you would be willing to send us a “diagnostic” f...
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We have tested and confirmed the experience you have seen. It would be helpful to have a TurboTax ".tax2025" file to test this issue further.
If you would be willing to send us a “diagnostic” file that has your “numbers” but not your personal information, please follow these instructions:
In TurboTax Desktop, open your return and go to Online in the TurboTax header. (On a Mac computer, choose Share or Help.)
Choose Send Tax File to Agent.
You will see a message explaining what the diagnostic copy is. Click Send on this screen and wait for the Token number to appear.
Reply to this thread with a screenshot of your Token number (this avoids Community filters for numbers with a dash) and tag (@) the Expert requesting the token from you.
Please include any States that are part of your return - this is VERY important.
If we are able to determine the cause, we'll reply here and, if possible, provide you with a resolution.
Thursday
You can leave Box 18 empty *IF* Box 17 is empty. But if there is an amount in box 17, you have to enter the name of the locality that took the tax (city, township, jurisdiction, county, etc.).
...
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You can leave Box 18 empty *IF* Box 17 is empty. But if there is an amount in box 17, you have to enter the name of the locality that took the tax (city, township, jurisdiction, county, etc.).
Thursday
What is your question concerning the W-2G box 18 - Name of locality?
Thursday
By "early" did you mean early January before the IRS opens for the year in late January, did you mean just early in general after the IRS opens? As @SteamTrain mentioned, filing in early January be...
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By "early" did you mean early January before the IRS opens for the year in late January, did you mean just early in general after the IRS opens? As @SteamTrain mentioned, filing in early January before the IRS opens can create problems for some early filers and can delay processing or require an amended return which can take weeks to process As for "any" benefit, other than "potentially" receiving a refund sooner (if all goes well), here's another benefit: If one is worried about ID theft, then one benefit of efiling soon after the IRS opens would be to prevent someone else from efiling a return (or at least making it more difficult for them.) While that may help to some extent, the best way to protect one's tax return is to start using an IP PIN (6-digit Identity Protection PIN) each year. The IRS does allow people to opt-in to that program voluntarily. Once opted-in, you have to retrieve a new one every January from your online IRS account. Those who voluntarily opt in can typically also opt out, using the IRS online account. NOTE: People who file early and have the Earned Income Credit (EIC) or the ACTC (Additional Child Tax Credit) can still have a delay in their processing. By law (PATH Act), the IRS cannot start to release those refunds for those with those credits until February 16. So many with those credits will not receive their refunds until late February/early March.
Thursday
1 Cheer
It would depend on if you are both covered by a retirement plan at work or only he is.
Since you are making the contributions, were you covered by a retirement plan at your work?
IRA Co...
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It would depend on if you are both covered by a retirement plan at work or only he is.
Since you are making the contributions, were you covered by a retirement plan at your work?
IRA Contribution limits
Thursday
1 Cheer
That is correct. Maine Pension income deduction >> Benefits received under a military retirement plan, including survivor benefits, are fully exempt from Maine income tax. In addition, a taxpayer ...
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That is correct. Maine Pension income deduction >> Benefits received under a military retirement plan, including survivor benefits, are fully exempt from Maine income tax. In addition, a taxpayer and spouse may each deduct up to $48,216 of other eligible pension income that is included in federal AGI. The $48,216 cap must be reduced by any Social Security and railroad retirement benefits received, whether taxable or not.
– Deductible pension income includes all federally taxable pension income, annuity income and individual retirement account distributions, excluding Maine PERS pick-up contributions for which a deduction is allowed and income from 457(b) plans received prior to age 55 that is not part of equal periodic payments over the life of the recipient and designated beneficiary.
Thursday
No everything and everyone told me to use freetaxusa and send in and they will get accepted and that’s exactly what happened. Idk what is wrong with turbo tax
Thursday
Patience has nothing to do with it. I can read & know when the IRS opened.
Thursday
The amount you still owed has no affect on how things are reported. The GAP insurance is also not part of the calculation.
The three numbers you need are:
your cost basis,
the amount...
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The amount you still owed has no affect on how things are reported. The GAP insurance is also not part of the calculation.
The three numbers you need are:
your cost basis,
the amount you sold it for which in this case is what the insurance company paid you and,
percent of business usage
Your cost basis is what you paid times the percentage of business use of the car minus depreciation. So if you bought the car in 2023 and took the full depreciation in the first year, then your cost basis is $0 and your selling price is $10,000 IF the car was 100% used for business. This would give you a gain on the sale of $10,000. If the car was 50% used for business, then you would have a $5,000 gain on the disposition of the vehicle that would be reported on your Schedule C.
When you first enter your business info, you will be asked if any of these apply, one option will be did you start or stop doing this business in 2025? Here you can select yes, I stopped doing Door Dash in 2025.
If you used standard mileage deduction in previous years on this vehicle, you would depreciate your vehicle using the cents per mile allocated to depreciation based on the year. You can find this on your previous year Schedule C worksheets.
The portion of the business standard mileage rate treated as depreciation is:
27 center per mile for 2020
26 cents per mile for 2021 & 2022
28 cents per mile for 2023
30 cents per mile for 2024
33 cents per mile for 2025
If you used actual expenses, then you would look at your forms from last year to see your total depreciation taken on the vehicle. You will find this on the depreciation worksheet. If you took an accelerated depreciation method The new car also does not have an affect on your situation with reporting the disposal of your wrecked car. To enter the disposition of a business asset take the following steps:
go to the Self-Employment section and select edit next to your vehicle.
Go through the steps and check the box that says I stopped using this vehicle in 2025
You will need to say you sold this vehicle
When you are asked for the sales price enter any insurance payouts you received.
Continue through answering the questions so that the property and any payouts can be properly allocated
Thursday
Can you clarify the error you are experiencing? If you were able to file your federal return, please go here and follow the instructions to file your state return.
@user17700644019
Thursday
@Bwana_Jones wrote: Thanks for that information; this is very helpful. That said, if I am going to have to use another application to replace It's Deductible, then I have one less reason to remai...
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@Bwana_Jones wrote: Thanks for that information; this is very helpful. That said, if I am going to have to use another application to replace It's Deductible, then I have one less reason to remain an Intuit customer. Cheers. H&R Block is less expensive, for example, but you still need to enter each item manually. The program will value the item(s) for you, but you have to enter each one.
Thursday
I believe the question was actually about have the foreign income. If you are a US citizen and do not have foreign income the answer should be No
Thursday
Topics:
Thursday
Can you clarify your question. Are you trying to determine the amount of Income in Respect of Decedent (IRD) to include in the assets of a taxable estate? If not, what are you trying to determine? ...
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Can you clarify your question. Are you trying to determine the amount of Income in Respect of Decedent (IRD) to include in the assets of a taxable estate? If not, what are you trying to determine?
Thursday
Thanks for that information; this is very helpful. That said, if I am going to have to use another application to replace It's Deductible, then I have one less reason to remain an Intuit customer. Ch...
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Thanks for that information; this is very helpful. That said, if I am going to have to use another application to replace It's Deductible, then I have one less reason to remain an Intuit customer. Cheers.
Thursday
Yes, you can purchase and install as many state tax modules as you need. Please be aware that your TurboTax license covers only five (5) installations on computers that you own.
Thursday
Any update on issues for form 8959? I found the error that TT did. Each line 6 of the W2s were rounded up instead of taking the total of the 2.