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For Federal taxes, this plan works perfectly because the IRS treats tax withholding as if it were paid evenly throughout the year.    Be sure to take your RMDs by year-end, because a distribution even on January 1 of the following year is considered "late".   However, there are three things to verify before you cancel your quarterly payments:   If your state treats withholding as a payment on the date of receipt, a large December withholding will not protect you from penalties for income earned in earlier quarters If you live in a state that exempts retirement income, your custodian might not be set up to withhold state taxes from an RMD, so be sure to confirm with them Ensure your total annual withholding reaches 100% of last year's total tax (or 110% if your 2024 AGI was over $150,000)   Therefore, be sure to check with your custodian if you can withhold an amount for state income tax from your RMD, even if that distribution is exempt from state tax.

No, converting traditional IRA funds to Roth IRA funds is not income limited.  However, you need to be really cautious with these conversions because the converted amount will be considered taxable income in the year of the conversion.  If you try to convert too much at once, your income could get pushed into a higher tax bracket which will cause you to owe a significant amount of tax on the conversion.   Also, you will want to try to pay the tax on the conversion from your own savings or taxable brokerage accounts and not with the IRA funds, because using the IRA funds will generate an additional 10% penalty for withdrawing prior to age 59.5 years old.  You will also want to pay an estimated tax to the IRS (and your state also, if they have an income tax) at the time of the conversion - this will help reduce or eliminate an underpayment penalty when you file your taxes for the conversion.

I have deleted the third child as a student I see the refund drop appropriately by $909 which is the refundable portion of the AOTC.  When I add back, the refund goes back up.  What amount of refund did you see prior to entering her as a student.  

Those choices are not options on the desktop version.   As others have said, Turbotax is inaccurately taking the 2025 withholding as the expected withholding in 2026 and there is no way to delete this even if you tell Turbo tax NOT to copy 2025 information.   The Est Tax Options form is not editable either.  This is a Turbotax problem.  I, like the other person, had to fake a 2026 W-4 calculation (using 0) to get it to put $0 as the expected withholding in 2026 rather than the 2025 actuals.      

You need to enter the distribution as a sale of investment.    You enter investment sales in the Wages and Income section of TurboTax, then Investment Income, then Stocks, cryptocurrency, Mutual Funds, Bonds, etc... Skip the section where it asks if you want to upload your tax documents. Choose Other as the type of investment you want to enter. You'll come to a screen where you can enter in your sales proceeds and cost basis. The cost basis will be $0 in your case, since you are just reporting the distribution as taxable capital gain income.  

To access your current or prior year online tax returns sign onto the TurboTax website with the User ID you used to create the account - https://myturbotax.intuit.com/   When you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a state.  This will take you back to the 2025 online tax return. Click on Tax Tools on the left side of the online program screen.  Then click on Print Center.  Then click on Print, save or preview this year's return.  Choose the option Include government and TurboTax worksheets

Follow these steps: Open to federal deductions and credits Locate your property tax Reduce your property tax by the STAR if it isn't already reduced.   You will not find a STAR credit box in the NY return because the state knows they sent it. Instead, it may affect your federal taxes. When you enter your property tax paid, reduce the amount by the STAR amount.   For example: If your school tax bill was $5,000 and received a STAR check or deduction for $500, your entry in the program is $4500 - the amount actually paid by you.   Effect on tax return: Standard deduction: no effect Itemized deduction: reduced by the STAR credit

Yes, report all her income as a New Jersey resident, including the 1099-R. Yes, she will get credit on her NJ return for tax paid to Pennsylvania. If the PA return has already been filed and accepted, yes, you would need to amend it to change her to a 'non-resident'.  Since PA only taxes non-residents on PA source income, she will get the tax paid there refunded.   Here's more info from the Commonwealth of Pennsylvania and TurboTax info on How to File a Non-Resident State Return.     If preparing a nonresident return solely to recover erroneous tax withholdings, enter 0 on the screen that asks for the amount of income earned in that state. This will eliminate your tax liability for that state, resulting in a full refund.   @ddranalli 

Yes, that is correct.  The last part of that statement about her standard deduction being her earned income plus $450 is used to determine the correct standard deduction amount for her.  Since her earned income plus $450 is greater than the standard deduction for the filing status, her standard deduction will $15,750 - regardless of whether or not she is claimed as a dependent by you.   Another factor for claiming her as a dependent is that you have provided over half her support.  And if you do claim her as a dependent, be absolutely certain that in the Personal Info section of TurboTax that your response to the questions "Do any of these apply to [name]?", the box for "Another taxpayer can claim [name] on their tax return".  If she doesn't check this box, she will be claiming herself, which will cause your return to reject if you also try to claim her as a dependent.

  There is not a first time home buyers credit on a Federal return. That ended in 2010. If your state has such as credit, you will be able to enter it when you prepare your state return.   Buying a home is not a guarantee of a big refund.  Your deductions for homeownership combined with your other deductions (if any) must exceed your standard deduction to change your tax due or refund. If you purchased your home late in the year, you do not even have a full year of home ownership deductions.   Your closing costs on your new home are not deductible except for prepaid interest, prepaid property tax or loan origination fees.  There are no deductions for appraisal, inspections, title searches, settlement fees. etc.   Your down payment is not deductible.   Your homeowners insurance for fire, hazard, flood, etc. is not deductible for your own home.   Home improvements, repairs, maintenance, etc. for your own home are not deductible.  (With possible exceptions for certain energy credits) (BUT——do make sure you keep careful written records/invoices, etc.  of any improvements you make to the home for someday when you sell it.)   Homeowners Association  (HOA) fees for your own home are not deductible.   Go to Federal> Deductions and Credits> Your Home to enter mortgage interest, property taxes, and mortgage insurance that you paid in 2025   You should have a 1098 from your mortgage lender that shows this information.  Lenders send these in January/early February or you may be able to import the 1098 from the lender’s website.       Your itemized deductions have to be more than your standard deduction before you will see a change in your tax owed or tax refund.  The deductions you enter do not necessarily count “dollar for dollar;” many of them are subject to meeting  tough thresholds—medical expenses, for example, must meet a threshold that is pretty hard to reach.  The software program uses all the IRS rules that apply to the expenses you enter, and it tells you if you have enough to use your itemized deductions or if using the standard deduction is more advantageous for you.  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)       W-4 https://turbotax.intuit.com/tax-tools/calculators/w4/  https://www.irs.gov/individuals/tax-withholding-estimator https://www.irs.gov/pub/irs-pdf/fw4.pdf       If you are self-employed (sole proprietor") then you will also have self-employment tax to pay.   You will need to use any version of the desktop download software to prepare a Schedule C or you will need online Premium.   https://ttlc.intuit.com/community/self-employed/help/how-do-i-report-income-from-self-employment/00/26653   https://ttlc.intuit.com/community/self-employed/help/what-is-the-self-employment-tax/00/25922   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-self-employment-business-expenses-like-home/L1k6HJY4A_US_en_US?uid=m6jrthmp     If you live in a state with a state income tax, you might need to make estimated payments to your state.   https://turbotax.intuit.com/tax-tips/small-business-taxes/the-home-office-deduction/L1RZyYxzv https://ttlc.intuit.com/turbotax-support/en-us/help-article/estimated-taxes/make-estimated-tax-payments/L5svMESaC_US_en_US?uid=mdna5aoh     https://turbotax.intuit.com/tax-tools/calculators/self-employed/   https://ttlc.intuit.com/community/business-taxes/discussion/self-employed-don-t-miss-these-tax-moves/00/3400413     https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-schedule-c/L5Fz3j5us_US_en_US?uid=m6a6gknk   https://ttlc.intuit.com/turbotax-support/en-us/help-article/payroll-additions-deductions/qualify-qualified-business-income-deduction/L0rM2cIIQ_US_en_US?uid=m5zpoxad   https://ttlc.intuit.com/turbotax-support/en-us/help-article/self-employment-taxes/self-employed-expenses-deduct/L37ZS1B8T_US_en_US?uid=m6fntpg7