All Posts

IHSS pay can be taxed and credit claimed on the federal level or it can be excluded from income. If it is excluded, there is no tax so none needs to be withheld. You get to pick which is better for your family. The IRS defines  earned income . You can use IHSS income for child tax credit and earned income credit, if you qualify.  If you choose to exclude the income, select it is nontaxable after entry.   See  How do I enter my tax-exempt Medicaid waiver payments from IHSS in TurboTax?    

What was the amount on Federal Schedule A, for Mortgage Interest?     If it's the same amount that shows up in California, your interest deduction may have been limited.   If you're using TurboTax Desktop, in FORMS mode, go to CA Schedule CA, and make the manual adjustment.    In TurboTax Online, in the interview for CA, look for a screen 'Here's the situations that CA handles differently' and scroll down to 'Home Mortgage Interest Adjustment'.   @jmaher31           

Please wait until the original return is processed before amending it.    MA doesn't have the 6% penalty on excess contributions but the earnings will be taxable in MA, therefore you should check if your state return changes when you amend your federal return.   @susieq1013 

It is too late to make any withholding adjustments on your 2024 tax return.   Any W-4s you give to your employer only affect future paychecks.   You can file your tax return without any w-4 forms; you don't need them.   For 2025, you have the options below:   W-4P - Complete Form W-4P so your payer can withhold the correct amount of federal income tax from your periodic pension, annuity (including commercial annuities), profit-sharing and stock bonus plan, or individual retirement arrangement (IRA) payments.  W-4V - Complete and give to SSA 

There are some situations where you have to file a tax return even if you didn't work. You can use the calculator at the following link on the IRS web site to see if you have to file a tax return. Do I Need to File a Tax Return?  

To delete the 1099-K income entry in TurboTax, follow these steps: Open TurboTax and go to your tax return. Navigate to the "Income" section. Scroll down to "Other Common Income" and select "1099-K". Click on "Delete/trash can icon next to the 1099-K entry you want to remove. Confirm the deletion when prompted. If you're using TurboTax Online, you can also access the "Tools" menu on the left side, select "Delete a Form", and then choose the 1099-K form to delete

The qualified intermediary was involved as needed from the sale of the old property, handled the funds & associated paperwork, and relayed the funds on the purchased of the new investment property.  I need to know if Turbotax has the functionality to actually document this.  I've entered just about everything I need to enter, but I didn't see an option to document an exchange.  It did however calculate the taxes on the gains.

You will input your winnings in the Federal input section. Go to Income & Expenses  Scroll down until you see the section under All Income.  Select Less Common Income.  Select Gambling winnings  Proceed to answer the questions and enter information as applicable from your Form W-2G.  If you had any state withholdings on your winnings, be sure to enter that information here as well.  This information will pull into your Massachusetts returns.