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According to the individual 1040 forms lookup tool, the amended form 1040X will be available in TurboTax on February 25th, 2026. The IRS is also not processing amended returns at this time, and usual... See more...
According to the individual 1040 forms lookup tool, the amended form 1040X will be available in TurboTax on February 25th, 2026. The IRS is also not processing amended returns at this time, and usually begins accepting Form 1040X in late February. Note: you should not attempt to amend your tax return in TurboTax until after the IRS has accepted and processed your original 1040 e-filing submission. If your return is instead rejected by the tax agency, then you can make all the changes needed to re-submit, without having to follow-through with a full amendment. To learn more, see this TurboTax knowledge article - How do I amend my federal tax return for this year?   See also: How do I amend my federal tax return for a prior year?
You cannot ever claim a spouse as a dependent.   If you and your ex spouse filed a joint return last year, you both have the same AGI, which is on line 11 of the 2024 tax return that was filed.   You... See more...
You cannot ever claim a spouse as a dependent.   If you and your ex spouse filed a joint return last year, you both have the same AGI, which is on line 11 of the 2024 tax return that was filed.   You have an AGI on that joint return even if you did not work   Where do I find my AGI?   https://ttlc.intuit.com/community/agi/help/how-do-i-find-last-year-s-agi/01/25947   Your 2024 tax return shows your 2024 Adjusted Gross Income  (AGI)  If you filed a joint return then the AGI is the same for each of you.   Form 1040        line 11   If entering the amount from your 2024 tax return does not work, then try entering “0” instead.  If that does not work and you still cannot e-file, then print, sign, and mail your tax return.   You can get a free transcript of your past return from the IRS:   https://www.irs.gov/individuals/get-transcript Note: If you filed late or amended your return, your correct 2024 AGI may not be in the system.  https://ttlc.intuit.com/questions/1944348-how-do-i-print-and-mail-my-return-in-turbotax-online Note:  If you mail your federal return, you will also need to mail your state return.  You will not be able to e-file your state return.
If you are referring to the Social Security benefits being taxable, that is not true.   Up to 85% of Social Security Retirement/Disability/Survivors benefits becomes taxable when all your other i... See more...
If you are referring to the Social Security benefits being taxable, that is not true.   Up to 85% of Social Security Retirement/Disability/Survivors benefits becomes taxable when all your other income plus 1/2 your social security reaches: Married Filing Jointly - $32,000 Single or Head of Household - $25,000 Married Filing Separately - 0 What you may be referring to is the new Senior Deduction for those age 65 and older.   New Bonus Standard Deduction (OBBB): An additional $6,000 deduction for taxpayers 65 and older. This is per eligible individual, meaning a married couple both over 65 could get $12,000. Important: This bonus deduction is temporary, lasting from 2025 through 2028. Income limitations: It phases out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.
I want to make sure the experts have expertise in entering rental properties to maximize my tax deductions including carrying over passive losses.
Not true.   That was a bunch of political hot air.  When the tax law changed passed, Social Security is still taxable just like it has been for years.  Instead, you get a "senior deduction" if you ar... See more...
Not true.   That was a bunch of political hot air.  When the tax law changed passed, Social Security is still taxable just like it has been for years.  Instead, you get a "senior deduction" if you are 65 or older from 2025 to 2028.           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)   The deduction is not on the same line as your standard deduction.  It is shown separately.on line 13b.     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 deduction phases out completely at $175.000 Single or HOH, or $250,000 joint)   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   Need to see it? https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr   If you are not getting the senior deduction it is because Your date of birth in MY INFO shows that you were not 65 by the end of 2025 Your income is too high You are filing married filing separately       Up to 85% of your Social Security benefits can be taxable on your federal tax return.  There is no age limit for having to pay taxes on Social Security benefits if you have other sources of income along with the SS benefits.  When you have other income such as earnings from continuing to work, investment income, pensions, etc. up to 85% of your SS can be taxable.     What confuses people about this is that before you reach full retirement age, if you continue working while drawing SS, your benefits can be reduced if you earn over a certain limit. (For 2021 it was  $18,960.  For 2022 it was  $19,560  —  for 2023 $21,240)  For 2024, $22,320.  For 2025 it will be $23,400; 2026   $24,480   After full retirement age, no matter how much you continue to earn, your benefits are not reduced by your earnings; your employer will still have to withhold for Social Security and Medicare.  If you work as an independent contractor then you will pay self-employment tax for Social Security and Medicare.   To see how much of your Social Security was taxable, look at lines 6a and 6b of your 2025 Form 1040   https://www.irs.gov/help/ita/are-my-social-security-or-railroad-retirement-tier-i-benefits-taxable   You need to file a federal return if half your Social Security plus your other income is   Single or Head of Household      $25,000 Married Filing Jointly                  $32,000 Married Filing Separately            $0   Some additional information:  There are 9 states that tax Social Security—Colorado, Connecticut,, Minnesota, Montana, New Mexico, Rhode Island, Utah, Vermont  and West Virginia These states offer varying degrees of income exemptions, but two mirror the federal tax schedule: MN and VT.    
Form 1116 line 1a shows zero amounts for my 1099s-foreign dividends.  It is getting the information from the Foreign tax credit computation worksheet Part 1-g-1a when the foreign dividends from sched... See more...
Form 1116 line 1a shows zero amounts for my 1099s-foreign dividends.  It is getting the information from the Foreign tax credit computation worksheet Part 1-g-1a when the foreign dividends from schedule B is reported on Part 1-g-1c.   Needs to be redirected to the correct line number and should be Part 1-g-1c.
TurboTax does not receive any kind of tax refund, federal or state. If you requested to have the TurboTax account fees deducted from your federal tax refund, the IRS will send the refund to a thi... See more...
TurboTax does not receive any kind of tax refund, federal or state. If you requested to have the TurboTax account fees deducted from your federal tax refund, the IRS will send the refund to a third party processor to have the fees and the $40 service charge deducted. The third party processor will deduct the TurboTax fees plus the $40 service charge and then attempt to direct deposit the remaining refund balance into the account that you entered on your tax return. For the status of your tax refund you will need to contact the third party processor, Santa Barbara Tax Product Group, using their website - https://www.sbtpg.com/ Tax Products Group Contact Information - https://help.sbtpg.com/hc/en-us/articles/230084587-Contact-Information Call 1-877-908-7228 Or email - TPG-CSsupport@greendotcorp.com
I started receiving survivor benefits in 2025.  When TurboTax asks for annuity start date, is that the annuity start date of my spouse or the date I started receiving survivor benefits?
I had the same problem. On a Mac with Apple silicon, running the latest OS. When I tried to import last year's return, the continue button did nothing but beep. I tried to quit, but had to force quit... See more...
I had the same problem. On a Mac with Apple silicon, running the latest OS. When I tried to import last year's return, the continue button did nothing but beep. I tried to quit, but had to force quit. When I restarted TurboTax 2025, it worked okay. The last time I had used it was early January, and apparently there were a lot of updates when I started it this time. Perhaps the updates left it in a strange state.
WHEN WILL THIS BE READY?  I want a date and time since no one at TT has answered this question despite it being posed multiple, multiple times. 
There is no online Premier.   There is online Premium.    If you used and paid for online Premium last year but did not finish or file the return, you can finish it using desktop download software on... See more...
There is no online Premier.   There is online Premium.    If you used and paid for online Premium last year but did not finish or file the return, you can finish it using desktop download software on a full PC or Mac, and mail the return.  You will be able to access the 2024 return you started by using the exact same account and user ID that you used when you started it.   But you can no longer use online software for any further changes.       Start a 2025  return online and enter some personal information  so that the menu on the left opens up and lets you access your past year returns.   Online tax preparation and e-filing for 2024  returns is now permanently closed.    Now it is too late to use online software or to e-file. If you have any changes/corrections at all to make to your 2024 return, you now have to complete it using desktop software, which you must download to a full PC or Mac  (not to a mobile device).Then you need to print, sign and mail it.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/printers-printing/finish-prior-year-return-started-turbotax-online/L9Oe4M90A_US_en_US?uid=m68tffpe   If you already paid for your online software you can ask customer support for a download of the desktop software.   They are available from 5 a.m. to 9 p.m. Pacific time.   https://ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number     If you are getting a refund, there is no penalty for filing late.  If you owe tax due, then file and pay the amount due as shown on the Form 1040, but expect a bill later from the IRS for the penalty and interest you will owe.  Only the IRS will calculate this—TurboTax will not calculate it.     When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s.  Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS/state received the return.   Federal and state returns must be in separate envelopes and they are mailed to different addresses.  Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.      
The federal ID number should be a nine digit number with a dash after the first two digits, eg 95-1234567
Thanks for your reply. the token# is 1329861,  state of Oklahoma We have 3 OPM 1099r.  2 are for Charles and 1 is for Jo Dean.  The problem is with Jo Dean's OPM 1099R which is Civil Service Retirem... See more...
Thanks for your reply. the token# is 1329861,  state of Oklahoma We have 3 OPM 1099r.  2 are for Charles and 1 is for Jo Dean.  The problem is with Jo Dean's OPM 1099R which is Civil Service Retirement Sytem. Box 1 is $22,140, Box 2a. taxable amount is 19,194.75.  In the Oklahoma Retirement Income Summary page the Government retirement deduction shows $20,000,  it should show $10,000 Civil Service retirement deduction shows $24,831,  it should show $44,026 Oklahoma taxable IRA & Pensions shows $40,339, it should show $31,144
1) There are third-party solutions available now (do a Google search for ItsDeductible alternatives).   2) Intuit is developing some sort of valuation tool for inclusion into TurboTax. This tool is... See more...
1) There are third-party solutions available now (do a Google search for ItsDeductible alternatives).   2) Intuit is developing some sort of valuation tool for inclusion into TurboTax. This tool is scheduled to be available in the near future (no exact date though).
Clicking the "add another 1099-SA" button just edits the existing one. My employer changed providers mid-year.