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Depending on what your total income is, the 22% withholding would normally be sufficient to cover your tax liability.  To avoid a penalty for late payment of tax, you simply need to pay in 100% of your tax liability from the previous year on a quarterly basis. So, you can look at line 24 on your 2024 Form 1040 and divide that number by 4. That is the total amount of tax you need to pay in, between withholding and estimated taxes, on a quarterly basis in 2025 to avoid a penalty for late payment of tax.

@bagofchips wrote: Thx ok so I see now how 60% can arise. So what if the spouse filing separately enters the same numbers? Does that lead to another 60%, yielding 120% of mortgage interest getting used? Each spouse should only list the portion of interest they pay, and never more than the total (when combined).  If you are living together in harmony and sharing funds, you can divide the interest any way you like.   If you are separated, you would divide the interest based on your separation agreement or any court order.    (For example, suppose spouse A makes 75% of the marital income and spouse B makes 25% of the income, and the separation order requires spouse A to pay 75% of the mortgage.  Spouse A would list 75% of the interest and spouse B would list 25%.  Then, the limit calculation is applied, so spouse A would actually get to deduct 75% x 60% = 45% -- which is still 60% of the share they actually paid.)  

If you owe tax due, you have to pay it yourself by the filing deadline on April 15, 2025.      If you have federal tax due you can pay by mailing your payment with the 1040V voucher, (which has the address printed on it, having the payment taken out of a designated bank account, or you can pay directly on the IRS website.    https://www.irs.gov/payments     https://ttlc.intuit.com/community/tax-payments/help/how-can-i-pay-my-federal-taxes/00/26212     https://ttlc.intuit.com/community/tax-payments/help/how-do-i-pay-my-irs-tax-due-with-a-check-or-money-order/00/26403      To apply for a payment plan with the IRS   Apply Online for a Payment Plan     You must pay your state tax due using the state’s preferred method of receiving payment.  For most states that will be by making a payment to the state’s own tax website, or by mailing a check or money order.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0   WHAT IF I CANNOT PAY MY TAX DUE? https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-payments/pay-taxes/L8aQBCpPO_US_en_US?uid=m9iryksw

Since I tried to Amend Federal 1040, TurboTax has overwritten original 1040 with Amended version. Now I cannot get back to Original 1040.  Even though I saved both Original and Amended 1040 versions in my files and can locate Original 1040, TurboTax unable to retrieve tax data to recreate a 1040 Return and i'm also unable to Transfer Info from Return to Start a New Return either. Unless there's some other trick here, do I really need to Start a new 1040 from scratch, entering my name, W-2 info, etc?

Call IRS e-file Payment Services 24/7 at 1-888-353-4537 to inquire about your payment.   If you want to check the debit date you specified, look on the filing instructions for your return.  It will tell you the debit date the IRS or State will deduct the payment.  If you did not print them out you can view them using the following steps:    TurboTax Online  In TurboTax Online, sign into your account. You should be on your Tax Home page. Scroll down to Your tax returns & documents. Select 2024, and then select Add a State (you're not actually adding a state, this just gets you into the right menu). Once you're in your return, you can navigate around as usual. Click Tax Tools (in the black bar on the left of your screen) and then click select Print Center. Click Print, save or preview this year's return TurboTax CD/Download  Go into Forms Mode by clicking on the Forms icon in the top right of the blue bar.   In the Forms in My Return list on the left, click Filing Inst.  [It's usually toward the bottom of the list.]  The form will appear on the right side of the screen. You can view the form on the screen or you can print a copy by clicking the Print box at the bottom of the screen. To return to the interview, click on the Step-By-Step icon in the top right of the blue bar.

The section to enter your AGI from last year:   Open your return Select the File tab Continue until you reach the screen that says To continue, select options below Enter your corrected AGI in Enter last year's AGI here Select Continue and follow the screens until you've re-transmitted your return How do I find last year's AGI?  

Call IRS e-file Payment Services 24/7 at 1-888-353-4537 to inquire about your payment.   If you want to check the debit date you specified, look on the filing instructions for your return.  It will tell you the debit date the IRS or State will deduct the payment.  If you did not print them out you can view them using the following steps:    TurboTax Online  In TurboTax Online, sign into your account. You should be on your Tax Home page. Scroll down to Your tax returns & documents. Select 2024, and then select Add a State (you're not actually adding a state, this just gets you into the right menu). Once you're in your return, you can navigate around as usual. Click Tax Tools (in the black bar on the left of your screen) and then click select Print Center. Click Print, save or preview this year's return TurboTax CD/Download  Go into Forms Mode by clicking on the Forms icon in the top right of the blue bar.   In the Forms in My Return list on the left, click Filing Inst.  [It's usually toward the bottom of the list.]  The form will appear on the right side of the screen. You can view the form on the screen or you can print a copy by clicking the Print box at the bottom of the screen. To return to the interview, click on the Step-By-Step icon in the top right of the blue bar.

If you receive a 1099-INT that includes income already reported in a previous tax year, enter the 1099-INT as is. When you get to the follow-up screen, you can adjust the interest entered and enter an explanation.   This can be done in the section where you entered the interest. When you get to the follow up question about uncommon situations, select that you need to adjust the interest (see screenshot below)    Another screen appears where you can choose a reason for the adjustment (see screenshot below):     @Frank nKansas 

Did you e-file?  Did you click a big orange button that said “Transmit my returns now?”     When you e-file your federal return you will receive two emails from TurboTax.  The first one will say that your return was submitted.  The second email will tell you if your federal return was accepted or rejected.  If you e-filed a state return, there will be a third email to tell you if the state accepted or rejected your state return.   First, check your e-file status to see if your return was accepted:  https://turbotax.intuit.com/tax-tools/efile-status-lookup/ If the IRS accepted it, what does it say here?   https://www.irs.gov/refunds            Or does your account say “Ready to Mail?” Or “Rejected?” Or “Printed?”

If I understand your situation, you received a commission for sales in 2020, that was recently received in 2024. The form itself indicates nonemployee compensation which is another way of saying self employment. It must be reported as such and self employment tax will be included in your tax. Commission also indicates you did intend to earn money and it did involve work. The 1099-NEC created the Schedule C and this link will take you there to add any possible expenses you had in 2024. Where do I enter Schedule C? The business name will be your name and the business address will be your address. Schedule C Instructions (Principal Business Activity Codes) You can choose to use 999999 to save time.

It depends on what program you are using. See your options here: How do I file an IRS tax extension? - TurboTax Support - Intuit    This will extend the time you have to file your taxes until October 15th, 2025.     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.