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yesterday
My response is similar to the other user on this post, though I'm using Desktop. 1. I *did* have HDHP coverage for all of 2025. TurboTax asked me whether I had HDHP 2025 coverage and I said "yes...
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My response is similar to the other user on this post, though I'm using Desktop. 1. I *did* have HDHP coverage for all of 2025. TurboTax asked me whether I had HDHP 2025 coverage and I said "yes". Then it asked about special situations (I have none). 2. Then it asked what type of 2025 HDHP coverage and I selected "self only for every month". Then it has me review my monthly coverage for 2024. Is this because of the "last month" rule? [I did have HDHP all of 2024 too]. I just set every month to "Self Plan" and it seems happy...deducts my full contribution. I just don't recall getting this question before when I've indicated full year coverage.
yesterday
Do you not see the option?
When you get to the screen that says, "Get your federal refund faster" and it gives the option of Fast deposit to Credit Karma or a bank account, select "No thanks". ...
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Do you not see the option?
When you get to the screen that says, "Get your federal refund faster" and it gives the option of Fast deposit to Credit Karma or a bank account, select "No thanks".
The next screen is "How would you like to receive your federal refund?" If you are eligible for the Refund Advance, you will see this as an option.
The Refund Advance is not available to everyone.
Here are a couple things to check:
If you are using a TurboTax partner affiliate link to use the software, the Refund Advance will not be available.
If you select the 5 Day Early Refund Delivery, you will not see the Refund Advance option, but you can return to the refund selection page and find all the options listed.
See this resource for more information:
Offer details and disclosures for the Refund Advance program
Refund Advance Eligibility
Here are some of the eligibility requirements to qualify for a Refund Advance loan:
You’re 18 or older
Your expected federal refund amount is $500 or more
You’re not a resident of North Carolina, Connecticut, or Illinois
You’re e-filing your federal tax return with TurboTax
Your physical address is listed on your tax return. Your address must be located in one of the eligible states and can’t be a PO box or prison address
You’re not filing one of these tax forms: 1310, 4852, 4684, 4868, 1040SS, 1040PR, 1040X, 8888, or 8862
You aren’t filing on behalf of a deceased taxpayer
You must report income on a Form W-2, 1099-R, or Sched C
You must open or have an existing Credit Karma Money™ checking account
yesterday
2 Cheers
Tried manually doing update per instructions but still showing Home Energy Credits as Available Soon - Have gotten several email say available but this is still not working. I have seen that it is ...
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Tried manually doing update per instructions but still showing Home Energy Credits as Available Soon - Have gotten several email say available but this is still not working. I have seen that it is supposedly working in on=line software but not downloaded version. WTH? are you telling me I should not have purchased this Turbotax product? Poor Service and support. I was hung up on when I called. Think I am motivated to use Turbotax next year? I have used this since it first came out but will look elsewhere going forward.
yesterday
@penstruck Did you look at line 13b of your Form 1040?
Was your income over $75,000? If so, the senior deduction phases out.
yesterday
Is my tax return info linked to my credit report?
Topics:
yesterday
Para ingresar las mejoras de ahorro de energía calificadas en TurboTax sigue las instrucciones en este artículo.
yesterday
Also, mixing Forms mode entries and Interview entries is generally a bad idea. If you must do it at all, complete the interview first, then make any additions or changes in Forms mode.
yesterday
What state? There are some states that do not have a state income tax.
Several states do not have a state income tax. So these states will not show up in certain drop down lists. Leave box...
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What state? There are some states that do not have a state income tax.
Several states do not have a state income tax. So these states will not show up in certain drop down lists. Leave boxes 15, 16, and 17 blank when you enter a W-2 for these states.
Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming
yesterday
You will need to contact the program's administrator or documentation to find out what the RMD requirement was for 2025.
@Frederick25
yesterday
TT says Home Energy credit are unavailable but form 5695 is ready. I presume that means schedule 3 is not ready since 5695 feeds into it but there doesn't seem to be a way to get an email notificati...
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TT says Home Energy credit are unavailable but form 5695 is ready. I presume that means schedule 3 is not ready since 5695 feeds into it but there doesn't seem to be a way to get an email notification when Schedule 3 will be ready. Schedule 3 doesn't even show up on my Forms drop down menu!
yesterday
Hi, I am in need of some advise on how to file a return on behalf of my deceased mother. She passed away in January, so she lived the entire tax year 2025. I am the only child and she was not marrie...
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Hi, I am in need of some advise on how to file a return on behalf of my deceased mother. She passed away in January, so she lived the entire tax year 2025. I am the only child and she was not married so usually filed single. She did not have a will. I understand that an executor and personal representative needs to file but I can't very well appoint myself that now that she has already passed. I am not sure how to proceed as I'm afraid the return would be rejected since I have no documentation of me being appointed as anything. Thank You.
Topics:
yesterday
@gallde
@higerdm
Money donations (cash, check, credit card) to the same organization on different days do not have to be listed individually, they can be aggregated. Other donations (stocks, n...
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@gallde
@higerdm
Money donations (cash, check, credit card) to the same organization on different days do not have to be listed individually, they can be aggregated. Other donations (stocks, non-cash items) must be listed individually.
yesterday
W-2's come from your employer, and they have until January 31 to issue it. Some employers allow you to import the W-2 through the software, but for security reasons you still need information from t...
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W-2's come from your employer, and they have until January 31 to issue it. Some employers allow you to import the W-2 through the software, but for security reasons you still need information from the actual W-2 to import it. Some employers have payroll sites that will have your W-2. You might need to phone, text, drop in, email and/or snail mail an old employer to make sure they know where to send your W-2.
Every 2025 W-2 that you received must be reported on your 2025 tax return, even if they are for small amounts. Remember that each one of those W-2’s has your Social Security number on it, and that income was reported to the IRS by the employer. You do not want trouble with the IRS for under-reporting your income or have your refund delayed by having missing income.
ALL of your W-2’s must be entered on the SAME tax return.
Go to Federal>Wages & Income to enter a W-2.
After you enter the first one, you click Add Another W-2.
yesterday
If TurboTax is not letting you continue, you can try the steps listed below.
TurboTax Online updates for new tax laws and other features, but they are done automatically in your web browser. Yo...
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If TurboTax is not letting you continue, you can try the steps listed below.
TurboTax Online updates for new tax laws and other features, but they are done automatically in your web browser. You do not have to manually update like in TurboTax desktop software.
Go out of your program, close your browser and go back in.
Clear your cache and cookies.
Try a different Web Browser.
For further instructions on how to clear cache and delete cookies, please see the links below:
If you are using TurboTax Desktop, make sure all updates have been run on your program. You can do this by clicking on "Online" in the black bar across the top of your TurboTax screen. And then select "Check for Updates"
Please return to Community if you have any additional information or questions and we would be happy to help.
yesterday
Not all Therma-Tru products meet the ENERGY STAR criteria and therefore not all Therma-Tru products qualify for the Residential Energy Efficiency Tax Credit. For a complete list of Therma-Tru product...
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Not all Therma-Tru products meet the ENERGY STAR criteria and therefore not all Therma-Tru products qualify for the Residential Energy Efficiency Tax Credit. For a complete list of Therma-Tru products that meet the ENERGY STAR criteria and may qualify for the Residential Energy Efficiency Tax Credit, go to the Therma-Tru website (www.thermatru.com) or contact Therma-Tru Customer Care at 1-800-843-7628 (1-800-THERMATRU)
yesterday
No. You can gain some relief from the taxes you paid in India. You don't need to work overseas to claim a tax credit. Besides, you are talking about capital gains here and not wages earned from work...
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No. You can gain some relief from the taxes you paid in India. You don't need to work overseas to claim a tax credit. Besides, you are talking about capital gains here and not wages earned from working overseas. Follow these steps.
Go to Deductions & Credits > Estimates and Other Taxes Paid > Foreign Tax Credit.
When asked "Tell Us About Your Foreign Taxes," select "None of these apply" to bypass the wage-only screens.
Choose Take the Credit (usually more beneficial than a deduction).
Select Passive Income as the category (Real estate gains fall under this).
Add India as the country.
Income Entry: When asked for "Other Gross Income," enter the Gross Sale Price in USD.
Taxes Paid: Enter the amount of tax you paid to India in USD. Use the exchange rate from the date you paid the tax.
Keep in mind you won't receive a full credit on taxes paid in India IF the tax rate is higher than the US tax rate for the same gain. The IRS will only give you a credit up to the amount of U.S. tax you would have paid on that specific income.
One last thing to mention. California is one of the few states that doesn't allow a credit for taxes paid to a foreign country. California (FTB) will tax your money from all countries, including India., but it won't give you a credit for the tax you paid to India, and as result, you will face double taxation at the state level.
yesterday
Thank you, RobertB4444. I received my approval on the same day, January 23rd, after I published this post and sent feedback to Intuit (not through the support link you provided). Apparently somet...
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Thank you, RobertB4444. I received my approval on the same day, January 23rd, after I published this post and sent feedback to Intuit (not through the support link you provided). Apparently something wrong has happened to the transmission, I don't know. There has been no official reply from Intuit, just "your W-2 was accepted by SSA" with the confirmation number. Well, I'm happy and apologize for not updating the post immediately.
yesterday
If it was rejected for AGI—-your 2024 AGI might not be in the IRS system if you filed late. Try using zero instead.
If filing with zero is rejected then file again but select the option that...
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If it was rejected for AGI—-your 2024 AGI might not be in the IRS system if you filed late. Try using zero instead.
If filing with zero is rejected then file again but select the option that you did not file last year. The IRS does not see that question and it will allow you to e-file with no AGI question.
https://ttlc.intuit.com/community/agi/help/where-do-i-correct-my-agi-in-turbotax-online/00/26311
If that does not work and you still cannot e-file, then print, sign, and mail your tax return.
yesterday
@kwlamm1961 wrote:
Hello,
This is where I am getting conflicting answers.
The funds were used to purchase another home which I have now moved to. My 2st home, which secured the loan, is ...
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@kwlamm1961 wrote:
Hello,
This is where I am getting conflicting answers.
The funds were used to purchase another home which I have now moved to. My 2st home, which secured the loan, is currently under contract. So, theoretically, it's not a "second" Home since I'm selling the first home. Thank you!
The problem is not with the definition of first or second home, the problem is with the definition of "secured debt."
The HELOC is secured by a lien on house #1. That means that, with respect to house #2, it is not "Secured debt" so the interest is not deductible.
This is from IRS publication 936,
Secured Debt. You can deduct your home mortgage interest only if your mortgage is a secured debt. A secured debt is one in which you sign an instrument (such as a mortgage, deed of trust, or land contract) that:
Makes your ownership in a qualified home security for payment of the debt;
Provides, in case of default, that your home could satisfy the debt; and
Is recorded or is otherwise perfected under any state or local law that applies.
In other words, your mortgage is a secured debt if you put your home up as collateral to protect the interests of the lender. If you can't pay the debt, your home can then serve as payment to the lender to satisfy (pay) the debt. In this publication, mortgage will refer to secured debt.
Debt not secured by home. A debt isn’t secured by your home if it is secured solely because of a lien on your general assets or if it is a security interest that attaches to the property without your consent (such as a mechanic's lien or judgment lien).
yesterday
No. You are looking at the wrong line. Look at line 13b.
The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO....
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No. You are looking at the wrong line. Look at line 13b.
The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO. You do not need to take any extra steps to enter it. (And…the new senior deduction has nothing to do with whether you are getting Social Security)
2025 STANDARD DEDUCTION AMOUNTS
SINGLE $15,750 (65 or older/legally blind + $2000)
MARRIED FILING SEPARATELY $15,750 (65 or older/legally blind +1600)
MARRIED FILING JOINTLY $31,500 (65 or older/legally blind + $1600)
HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)
For 2025 through 2028 there is an extra deduction amount of up to $6000 per individual 65 or older filing Single, MFJ, or HOH which is phased out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.
The $6,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. It is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e. Turbo Tax automatically includes it.
IRS Schedule 1-A https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf