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Monday
TurboTax would have no information concerning the Georgia Surplus Tax Refund.
Go to this Georgia website for information and who to contact for assistance - https://dor.georgia.gov/georgia-surplus-...
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TurboTax would have no information concerning the Georgia Surplus Tax Refund.
Go to this Georgia website for information and who to contact for assistance - https://dor.georgia.gov/georgia-surplus-tax-refund
Monday
it is the name of the bill - shrewd move - but Intuit clearly goes out of their way to use the full name every time, and use it repetitively, it's not accidental or just bad writing - "While the One ...
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it is the name of the bill - shrewd move - but Intuit clearly goes out of their way to use the full name every time, and use it repetitively, it's not accidental or just bad writing - "While the One Big Beautiful Bill has many tax changes, other important updates remain for your tax return from the TCJA that were not impacted by the One Big Beautiful Bill." https://turbotax.intuit.com/tax-tips/general/taxes-2021-7-upcoming-tax-law-changes/L3xFucBvV?cid=em_55785_NULL_003&pid=186df12b80f31495096d36c2e64c0274a&CP5=DR
Monday
TurboTax has no control over how long it takes for your refund to arrive.
Federal and state refunds come from completely separate entities, There is no rule as to which one will come first...
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TurboTax has no control over how long it takes for your refund to arrive.
Federal and state refunds come from completely separate entities, There is no rule as to which one will come first or how much time there will be between their arrivals. Some states process returns quickly and some are very slow.
STATE RETURN
Make sure your state return was accepted: https://turbotax.intuit.com/tax-tools/efile-status-lookup/
To track your state refund:
ttps://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-refund/track-state-refund/L3jgO8PGs_US_en_US?uid=lt447ebr
https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0
Monday
I haven’t received the surplus yet
Topics:
Monday
@ProfDude In Fact....historically, the first few iterations of the new tax year's software have NOT usually contained many of the changes that occurred in the interim between years.....thus, som...
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@ProfDude In Fact....historically, the first few iterations of the new tax year's software have NOT usually contained many of the changes that occurred in the interim between years.....thus, some/many of the provisions of the OBBB may not be included until January of 2026. So the Nov/Dec issued software may not have them. Including some of those new changes before the IRS actually issues their final forms, that may be debated by the software managers in the background, but in past years, they have rarely been implemented in the software until some time in January
Monday
2 Cheers
That's the official name of the law. Blame someone else.
https://www.congress.gov/bill/119th-congress/house-bill/1/text
Monday
1 Cheer
The text of the law itself is
In general.--For purposes of this section, the term
`qualified overtime compensation' means overtime compensation paid
to an individual required under s...
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The text of the law itself is
In general.--For purposes of this section, the term
`qualified overtime compensation' means overtime compensation paid
to an individual required under section 7 of the Fair Labor
Standards Act of 1938 that is in excess of the regular rate (as
used in such section) at which such individual is employed.
Key here is the amount that is "in excess of the regular rate".
Monday
That is again what I've heard, but does anyone have any links to official govt guidance on this or opinions from Tax experts? The bill itself did not seem clear and at this point I haven't seen any ...
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That is again what I've heard, but does anyone have any links to official govt guidance on this or opinions from Tax experts? The bill itself did not seem clear and at this point I haven't seen any "official" word. Moral of the story, only receiving a deduction on the half position is absolutely not how that thing was sold. Making 15k a year in OT (full time and a half) might result in an extra $600 at end of year. That's not nothing, but it's also much less than they sold to the public.
Monday
I should point out that the additional deduction for seniors is available for 2025 through 2028.
Monday
1 Cheer
cm-jagow I think NCperson means line 15, not line 14.
Update: NCperson has corrected his post above.
Monday
You might have used a different account for that year.
You have to access your own account and/or print it for yourself using exactly the same account and user ID that you used when you prepared...
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You might have used a different account for that year.
You have to access your own account and/or print it for yourself using exactly the same account and user ID that you used when you prepared the return.
https://myturbotax.intuit.com/
Start a 2024 return online and enter some personal information so that the menu on the left opens up and lets you access your past year returns.
https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/01/27010
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m5y4ch1y
Many people have multiple TT accounts and forget how to access them. Log out of the account you are in now.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx
Account Recovery
Or did you use the desktop version of TurboTax? If so, the files are on your own hard drive or any backup device you used like a flash drive.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/find-last-year-tax-data-file-tax-file-computer/L0XJvPaJr_US_en_US?uid=m6gufxei
https://ttlc.intuit.com/turbotax-support/en-us/help-article/data-systems/find-tax-data-file-mac/L4VNGm33S_US_en_US?uid=m6guhab0
You can get a free transcript from the IRS or for a fee of $30, an actual copy of your tax return.
https://www.irs.gov/individuals/get-transcript
https://www.irs.gov/pub/irs-pdf/f4506.pdf
SAVE YOUR TAX RETURNS !
EVERY year before mid-October you should save a copy of your tax return as a pdf and print a copy of it for your records. That way you will not be searching online frantically when you need it for a lender, FAFSA forms, your next tax return, etc.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m6guj526
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m78eb8pc
In order to transfer a past year return to the new return you need the tax file
https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-turbotax-online-return-tax-data-file/L4xwOG3LF_US_en_US?uid=m6guk3xl
NOTE: TurboTax and the IRS save returns for seven years. Returns older than seven years are purged.
Monday
Worked perfectly - Thank you very much!
Monday
I invested in some portfolio (crowdfunding) in SeedInvest, which has changed to StartEngine, in 2017. In 2022, one of them, FenSens went out of business. This year 2025, Sapient X just filed a dis...
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I invested in some portfolio (crowdfunding) in SeedInvest, which has changed to StartEngine, in 2017. In 2022, one of them, FenSens went out of business. This year 2025, Sapient X just filed a dissolution and likely to be out of business. Can I report these 2 losses in my 2025 tax returns?
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Monday
There has been no information about that---but it is unlikely that the 2024 software will be changed due to the newly passed tax bill. The new tax laws have no effect on your 2024 return; they affec...
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There has been no information about that---but it is unlikely that the 2024 software will be changed due to the newly passed tax bill. The new tax laws have no effect on your 2024 return; they affect 2025 and 2026 or beyond. The 2025 tax software becomes available in late November, and will require many updates as the IRS changes forms, etc. for the 2025 returns.
https://turbotax.intuit.com/tax-tips/general/taxes-2021-7-upcoming-tax-law-changes/L3xFucBvV?cid=em_55785_NULL_003&pid=186df12b80f31495096d36c2e64c0274a&CP5=DR
Monday
1 Cheer
Turbotax 2025 is usually released in November, both online and as a CD or download. However, even then, it is a rough beta version. Law changes may or may not be included. The program is not guara...
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Turbotax 2025 is usually released in November, both online and as a CD or download. However, even then, it is a rough beta version. Law changes may or may not be included. The program is not guaranteed to be fully updated until all forms and instructions are approved and it is ready to file (usually January).
The biggest problem is that, when the law changes, the IRS needs to update the forms and instructions. Turbotax will not release an update until the IRS approves the new forms, even if we could all guess what the change probably will be. So it depends first on how long it takes the IRS to get in gear, then a few weeks after that. Some changes that only affect a small number of taxpayers may be delayed further.
Monday
It depends upon your filing status as well as any other sources of income you may have. Pennsylvania does not have any separate capital gains rate from short-term or long-term capital gains. Theref...
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It depends upon your filing status as well as any other sources of income you may have. Pennsylvania does not have any separate capital gains rate from short-term or long-term capital gains. Therefore, any sales of stocks will be taxed at the ordinary income tax rate within Pennsylvania. Please see this link for guidance on calculating the amount of tax that would be due on your stock sales. Remember, you would only pay tax on the actual gain amount (sales proceeds amount that exceeds your cost basis in the stock).
Also see Form Rev-414(I) for the 2025 estimated tax worksheet to assist as well as this link which provides instructions on how to pay your estimated taxes on any additional income to Pennsylvania.