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Hello All Does anyone have a recommendation for a 2025 Tax calculator to use ? Trying to tax plan for 2025 federal and looking for a recommendation.  Was told Calculator.net is good, but open to ide... See more...
Hello All Does anyone have a recommendation for a 2025 Tax calculator to use ? Trying to tax plan for 2025 federal and looking for a recommendation.  Was told Calculator.net is good, but open to ideas to help calculate my federal taxes for 2025.   thanks Dennis
I have a primary mortgage of $640k and $30k of deductible interest. I have a secondary home used only for personal purposes with a mortgage of $760k and $20k of deductible interest. When I input my p... See more...
I have a primary mortgage of $640k and $30k of deductible interest. I have a secondary home used only for personal purposes with a mortgage of $760k and $20k of deductible interest. When I input my primary home’s mortgage interest of $30k, my tax liability is $20k. When I input my secondary homes mortgage interest of $20k, my tax liability actually increases to $22k, even though I should be allowed up to $750k in mortgage debt between the two loans. Can anyone explain why my tax liability is increasing? TY.
Did you add a dependent in order to seek the 2021 EIP payment?   You have to use the recovery rebate credit in Federal Review to get to that credit.
Are you paying directly on the IRS direct pay website?   They do not limit how much you can pay. 
Duplicate question addressed here: https://ttlc.intuit.com/community/tax-credits-deductions/discussion/w-2-shows-4300-for-emplyr-contribs-code-w-to-hsa-hsa-shows-5800-contrib-in-ty2024-why-the-diff-... See more...
Duplicate question addressed here: https://ttlc.intuit.com/community/tax-credits-deductions/discussion/w-2-shows-4300-for-emplyr-contribs-code-w-to-hsa-hsa-shows-5800-contrib-in-ty2024-why-the-diff-am-i/01/3616631/highlight/false#M346581
The needs review message I am getting says this: "We won't be able to e-file your return. Why? Well, it looks like you have a tax situation in the New Hampshire return that makes it ineligible for e-f... See more...
The needs review message I am getting says this: "We won't be able to e-file your return. Why? Well, it looks like you have a tax situation in the New Hampshire return that makes it ineligible for e-filing. Reason for e-file ineligibility: Electronic filing is only available for Form DP-10. Form DP-10 is not part of your return. If you are not required to file form DP-10, do not select New Hampshire for E-file. If you are required to file form DP-10, return to the New Hampshire interview and answer all DP-10 related questions." Turbotax software keeps looping me back to this message, rather than allowing me to print my New Hampshire return or access the DP-10 section of my New Hampshire tax return. QUESTION: How do I either print my New Hampshire tax return to mail it, OR how do I find the DP-10 section of my New Hampshire tax return? Thank you and I'm sending good energy your way.
Perhaps $1,500 deposited in 2024 were contributions for 2023.  Examine box 3 of your 2023 Form 5498-SA to see if any contributions for 2023 were made in 2024.
The Roth basis is the total amount you contributed to the Roth IRA that is still in the Roth IRA. You will have $2,000 direct contribution basis and $3,500 conversions basis.    If you are under ... See more...
The Roth basis is the total amount you contributed to the Roth IRA that is still in the Roth IRA. You will have $2,000 direct contribution basis and $3,500 conversions basis.    If you are under 59 1/2 the withdrawal of contributions and conversions are nontaxable. Money withdrawn from a Roth IRA comes from contributions and conversions in a distinct order: Distributions first come from contributions and then from separate yearly conversions in "first-in, first-out" order. See Pub 590-B for more details. Note, if you withdraw conversions before the 5 year period you will have to pay the 10% early withdrawal penalty (Pub 590-B).     You can enter the Roth basis either in the IRA contribution interview or after you entered a Form 1099-R for a Roth IRA distribution.   In the IRA contribution section:    Click on "Search" on the top right and type “IRA contributions”  Click on “Jump to IRA contributions" On the "Roth IRA Contributions" screen answer "No" On the "Did You Open a Roth IRA Before 2024?" answer "Yes" On the "Let Us Track Your Roth IRA Basis" screen answer "Yes" Continue through the questions and make sure you enter the net contributions prior to 2024 on the "Enter Prior Year Roth IRA Contributions" screen ($2,000) On the "Any Roth IRA Conversions?" screen answer "Yes" if you made conversions before 2024 TurboTax will walk you through the conversion questions.   After entering a Form 1099-R for a Roth IRA distribution:   Click on "Search" on the top and type “1099-R”  Click on “Jump to 1099-R” and enter all your 1099-Rs Click "Continue" on the "Review your 1099-R info" screen after you entered all you Form 1099-R Answer "Owned Any Roth IRA for Five Years?" screen Continue through the questions and make sure you enter the net contributions prior to 2024 on the "Enter Prior Year Roth IRA Contributions" screen ($2,000) On the "Any Roth IRA Conversions?" screen answer "Yes" if you made conversions before 2024 TurboTax will walk you through the conversion questions.  
Thank You. When I try to pay through one of the IRS payment provider using credit card, I get " Your payment cannot be greater than your total tax liability." I am trying to higher taxes as a prec... See more...
Thank You. When I try to pay through one of the IRS payment provider using credit card, I get " Your payment cannot be greater than your total tax liability." I am trying to higher taxes as a precaution and the site is not allowing.    Sathiyasree
That is correct; it should be 2023.  I have fixed my response.  
All of my income was earned in Massachusetts.  I lived in Massachusetts for half of the year and moved to Rhode Island for half of the year.  How do fill out RI tax return.  Do I enter any income for... See more...
All of my income was earned in Massachusetts.  I lived in Massachusetts for half of the year and moved to Rhode Island for half of the year.  How do fill out RI tax return.  Do I enter any income for "wages and salaries that you earned from Rhode Island sources"?
"I will be receiving a Form 5498 in April 2025 for a rollover of a Dec 2024 payment for my 2024 RMD."   RMDs cannot be "reduced."  They are required distributions, meaning that the RMDs are not eli... See more...
"I will be receiving a Form 5498 in April 2025 for a rollover of a Dec 2024 payment for my 2024 RMD."   RMDs cannot be "reduced."  They are required distributions, meaning that the RMDs are not eligible for rollover.  If you deposited any of the 2024 RMD into an IRA, it is an ordinary contribution, not a rollover, regardless of how it might be shown on the Form 5498.  When you tell TurboTax the amount of the distribution that was RMD, TurboTax will prevent you from indicating the RMD as having been rolled over.   If your distribution in December 2024 was more than your 2024 RMD, the amount distributed beyond the amount of your 2024 RMD was eligible for rollover and TurboTax will allow you to report that portion as having been rolled over.  In that case you'll need to indicate that you moved the funds to another retirement account and that you rolled over only part of the distribution.
After you enter the information from the Schedule K-1 boxes, continue to find the page "We see you have Section 199A income."  Check the box that applies (usually the first option). On the ne... See more...
After you enter the information from the Schedule K-1 boxes, continue to find the page "We see you have Section 199A income."  Check the box that applies (usually the first option). On the next page "We need some information about your 199A income," be sure to check the first box and enter at least one type of income. Check any other boxes that appear on Statement A (wages, UBIA, etc.) and enter the related amounts. Continue back to the K-1 summary page.
https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/downgrade-lower-priced-version-turbotax-online/L2IDaMvkt_US_en_US?uid=m5ydiw67              If you start... See more...
https://ttlc.intuit.com/turbotax-support/en-us/help-article/change-service-level/downgrade-lower-priced-version-turbotax-online/L2IDaMvkt_US_en_US?uid=m5ydiw67              If you started in the Free Edition and entered any data that required any extra forms or schedules, you have to upgrade to a paid version and if you are watching the screens carefully you are alerted to the upgrade.       TurboTax Online: Important Details about Filing Simple Form 1040 Returns If you have a simple Form 1040 return only (no forms or schedules except as needed to claim the Earned Income Tax Credit, Child Tax Credit or student loan interest), you can file for free yourself with TurboTax Free Edition, or you can file with TurboTax Live Assisted Basic at the listed price. Roughly 37% of taxpayers are eligible. Examples of situations included in a simple Form 1040 return (assuming no added tax complexity): W-2 income Interest, dividends or original issue discounts (1099-INT/1099-DIV/1099-OID) that don’t require filing a Schedule B IRS standard deduction Earned Income Tax Credit (EITC) Child Tax Credit (CTC) Student loan interest deduction Taxable qualified retirement plan distributions   Examples of situations not included in a simple Form 1040 return: Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state and local tax deductions Unemployment income reported on a 1099-G Business or 1099-NEC income (often reported by those who are self-employed, gig workers or freelancers) Stock sales (including crypto investments) Income from rental property or property sales Credits, deductions and income reported on other forms or schedules  1095A for marketplace health insurance     How can I see my TurboTax  fees?  https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/review-fees-turbotax-online/L1XnIzgzg_US_en_US?uid=m682vq7k   If your TurboTax fees are higher than expected, you can reduce them by removing add-ons     (BEFORE you e-file) :   Remove Premium Services Remove MAX Defend & Restore Remove a state Remove PLUS Help & Support Remove Pay With Your Refund     Or—-Use this IRS site for other ways to file for free.  There are 8  free software versions available from the IRS Free File site   https://apps.irs.gov/app/freeFile/   Or—if you live in certain states you may be eligible to use the new IRS Direct File     In Filing Season 2025, Direct File will be available in Alaska, Arizona, California, Connecticut, Florida, Idaho, Kansas, Maine, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Oregon, Pennsylvania, South Dakota, Tennessee, Texas, Washington, Wisconsin, and Wyoming.    https://directfile.irs.gov/   https://home.treasury.gov/news/press-releases/jy2629
That should not happen.  If you went to IRS Payment options there is record of your payment The IRS will confirm this and you will not pay twice. You can use the same site to confirm the p... See more...
That should not happen.  If you went to IRS Payment options there is record of your payment The IRS will confirm this and you will not pay twice. You can use the same site to confirm the payment.
When you requested your extension you were supposed to pay your estimated tax due.  Did you enter the payment you made into your tax return?  Go to Federal>Deductions and Credits>Estimates and Other ... See more...
When you requested your extension you were supposed to pay your estimated tax due.  Did you enter the payment you made into your tax return?  Go to Federal>Deductions and Credits>Estimates and Other Taxes Paid>Other Income Taxes       You will be able to access the 2023 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 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.   Online tax preparation and e-filing for 2023 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 2023 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 9p.m. Pacific time daily   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.
Just got done speaking to them through chat and they really have no help at all. They just said next year reach out before you order. - Thanks if I decide too . But Im going to look for other options... See more...
Just got done speaking to them through chat and they really have no help at all. They just said next year reach out before you order. - Thanks if I decide too . But Im going to look for other options. After 15 years and having my account, my dad's account and now my son's account. Im gonna look at switching and doing something else. Im not happy at all about the way this went down