Form 5329 is only included if you have a penalty. Therefore, it is a good sign that you do not have it included on your return. You met your RMD for 2024 and you do not need to pay a penalty.
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Form 5329 is only included if you have a penalty. Therefore, it is a good sign that you do not have it included on your return. You met your RMD for 2024 and you do not need to pay a penalty.
@GERR
You can definitely add your bank account to make payments.
I'm not sure why your payment isn't going through. Did you receive an error message?
@ltennyson111
I have a beginning date lived in state problem, the dates entered result in more than 366 days.
How can I fix the date to not overlap the period of residency?
You are entering your Social Security in the wrong place. The form that shows your Social Security is Form SSA-1099, not 1099-R and not plain 1099. Go to Federal Taxes > Wages & Income. Under "Retire...
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You are entering your Social Security in the wrong place. The form that shows your Social Security is Form SSA-1099, not 1099-R and not plain 1099. Go to Federal Taxes > Wages & Income. Under "Retirement Plans and Social Security" click the Start or Update button for "Social Security (SSA-1099, RRB-1099)." Delete any 1099-R that you entered.
You do not need a formal cost segregation study to depreciate your furniture and basement. You can list them all as separate assets using what you actually paid for them. When you enter the items...
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You do not need a formal cost segregation study to depreciate your furniture and basement. You can list them all as separate assets using what you actually paid for them. When you enter the items in TurboTax, it will ask you what they are and then it will give you the correct depreciation or for the appliances and furniture, possibly offer you section 179 deduction.
I came to US On September 30, 2024 and filed the taxes as a resident for year 2024. I pass the SPT, because I have been in US in 2022 and 2023. For the purpose of calculating India Tax, my emplo...
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I came to US On September 30, 2024 and filed the taxes as a resident for year 2024. I pass the SPT, because I have been in US in 2022 and 2023. For the purpose of calculating India Tax, my employer is adding all US paychecks from October 2024 to March 2025. Is this correct? Do I need to pay taxes in India for my paychecks in US.
@SteamTrain Thanks. It is the last W-2. Just now we were researching the W-4. I am here trying to find out some methods to address the around 30% withholding...
If you elected to pay your state tax due by direct debit, look at your Filing Instructions for your state return to verify that.
If so, you can ignore the payment vouchers that printed.
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If you elected to pay your state tax due by direct debit, look at your Filing Instructions for your state return to verify that.
If so, you can ignore the payment vouchers that printed.
@Pj67
If you don't see an option to print your Form 4868 when you log into your account, click on Documents from the Tax Home page left navigation panel. You should see your 4868 listed in your documents.
On 4/1/25, I transmitted my 2024 Federal Tax return via e-file. on 4/14/25 I checked on www.irs.gov for "where is my refund" & it states No report for my name, SS # etc. What happened to my return & s...
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On 4/1/25, I transmitted my 2024 Federal Tax return via e-file. on 4/14/25 I checked on www.irs.gov for "where is my refund" & it states No report for my name, SS # etc. What happened to my return & status of my refund for $891.00??
This will extend the time you have to file your taxes until October 15th, 2025.
On the left rail menu in TurboTax Online Select Tax Tools (You may have to scroll down on the ...
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This will extend the time you have to file your taxes until October 15th, 2025.
On the left rail menu in TurboTax Online Select Tax Tools (You may have to scroll down on the left rail menu.)
On the drop-down select Tools
On the Pop-Up menu titled “Tools Center,” select File an extension
Follow the instructions to start the extension process
Also, you may have to do your state taxes: Do I need to file an extension for my personal state taxes?
Remember, an extension gives you more time to prepare your taxes, but it doesn't extend the time to pay your taxes. If you have an indication that you will owe taxes, you should make the payment by the original due date of the tax return to avoid additional interest and penalties.
To remove your penalties due to a natural disaster, please follow the instructions below:
Navigate to the underpayment penalty section:
TurboTax Online/Mobile: Go to annualizing your tax...
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To remove your penalties due to a natural disaster, please follow the instructions below:
Navigate to the underpayment penalty section:
TurboTax Online/Mobile: Go to annualizing your tax.
TurboTax Desktop: Select Search Topics. Search for and select annualizing your tax
Answer the information in the penalty waiver section.
