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October 18, 2025
10:06 AM
October 18, 2025
10:03 AM
1 Cheer
Sorry I don't use or know anything about It's Deductible. There are lots of posts about it. But Oct 21 is before the 2025 Desktop program or Online versions come out. Did you see this ar...
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Sorry I don't use or know anything about It's Deductible. There are lots of posts about it. But Oct 21 is before the 2025 Desktop program or Online versions come out. Did you see this article? Maybe you can download the csv or something to import when 2025 opens? https://ttlc.intuit.com/turbotax-support/en-us/help-article/login-password/export-data-itsdeductible/L7g6R08jW_US_en_US?uid=la19aqdr
October 18, 2025
9:58 AM
You need to upgrade to Online Premium or any of the Desktop programs to enter a K-1. To enter a K-1 go to Federal Taxes Tab or Personal (Home & Business version) Wages and Income Then scroll wa...
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You need to upgrade to Online Premium or any of the Desktop programs to enter a K-1. To enter a K-1 go to Federal Taxes Tab or Personal (Home & Business version) Wages and Income Then scroll way down to S-Corp, Partnerships and Trusts Schedules K-1 - Click the Start or Update button Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S
October 18, 2025
9:52 AM
You might want to consider printing and mailing your return. https://www.usps.com/taxes https://www.irs.gov/filing/where-to-file-paper-tax-returns-with-or-without-a-payment
October 18, 2025
9:49 AM
You should probably just call customer service. https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/turbotax-phone-number/L0Od33nMQ_US_en_US
October 18, 2025
9:46 AM
What do you mean? Schedule K-1 is your tax reporting form. You enter the information from that K-1 into your return. The IRS already has a copy from the 1041 that was filed; you save your K-...
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What do you mean? Schedule K-1 is your tax reporting form. You enter the information from that K-1 into your return. The IRS already has a copy from the 1041 that was filed; you save your K-1 for your records.
October 18, 2025
9:29 AM
@robcron wrote: Just because you say... "Easily transfer the results to Turbo Tax." Does not mean it "imports" to Turbo Tax. Really? I'm not 100% on this but why don't you contact the devel...
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@robcron wrote: Just because you say... "Easily transfer the results to Turbo Tax." Does not mean it "imports" to Turbo Tax. Really? I'm not 100% on this but why don't you contact the developer and ASK? https://deductibleduck.com/contact
October 18, 2025
9:20 AM
@robcron wrote: And since you are obviously a marketing plant AI Bot... I am NOT a "marketing plant AI Bot"; I am a volunteer answering questions on this board and have been doing so for years...
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@robcron wrote: And since you are obviously a marketing plant AI Bot... I am NOT a "marketing plant AI Bot"; I am a volunteer answering questions on this board and have been doing so for years. My wife and I actually have donative intent (true donative intent) and simply donate cash and goods to various charitable organizations WITHOUT expecting anything in return, including a tax deduction.
October 18, 2025
9:02 AM
wHERE IS SCHEDULE K-1 IN TURBO TAX?
Topics:
October 18, 2025
9:01 AM
Amend your 2023 return.
October 18, 2025
8:59 AM
NO WHERE on that website does it say that you can IMPORT the data directly to TT. And Copilot, ChatGpt and others say that Deductible Duck cannot Import direct to turbotax. And since you are ...
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NO WHERE on that website does it say that you can IMPORT the data directly to TT. And Copilot, ChatGpt and others say that Deductible Duck cannot Import direct to turbotax. And since you are obviously a marketing plant AI Bot... the condescending tone you took with me with "did you even bother to read the information on the website?" tells me you are NOT a company I want to do business with. Just because you say... "Easily transfer the results to Turbo Tax." Does not mean it "imports" to Turbo Tax. If it does Import, you should explicitly claim that, but you don't. Track $500 for free, then $30/year after that... for me at least would mean I would have to spend $30 to then find out that I have to key it all into TT... no thanks I'm done.
October 18, 2025
8:57 AM
The money you hear about people getting for just filing a tax return claiming kids requires you to have some earned income (wages or self employment). Without earned income, you are not eligible for...
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The money you hear about people getting for just filing a tax return claiming kids requires you to have some earned income (wages or self employment). Without earned income, you are not eligible for the "refundable" Earned Income Credit and/or Additional Child Tax Credit.
There are 7 possible reasons; you aren’t getting the Child Tax credit (CTC). It’s usually #4:
You’ve entered something wrong. In the personal Info section, for the dependent, you must select answers that indicate that he/she is your dependent child. If the child was born during the year, say he/she lived with you all year (note: TurboTax changed how this section is done two years ago, you may need to go thru the interview again or even delete your dependent and start over). If the child was with you for 6 months and 1 day, you need to mark that the child was with you 7 months. The CTC is not an automatic $2000, per child. It is income dependent. Do not check the “not valid for employment” box at the SS# entry screen. If you haven't entered your income yet, the CTC will not show.
Your child may be too old (over 16). You can still claim your child, as a dependent. What you can't claim is the Child tax credit. This comes as a big surprise to many parents the year their child turns 17. A child over age 16 no longer qualifies for the Child Tax credit (CTC). Although a child can still be a student dependent through age 23, and a qualifying child for EIC, the Child Tax Credit expires the year they turn 17 and you no longer get the $2000 CTC. Instead you will get the non-refundable (up to) $500 Other Dependent Credit.
Your income is too high. The Child Tax Credit (CTC) is phased out at higher incomes starting at $400,000 for joint filers ($200K single). You lose $50 for each $1000 (rounding up) your income is over that threshold. Previously it was $75,000 for single, head of household, and qualifying widow or widower filers; and $110,000 for joint filers.
Your income is too low. The child tax credit (CTC) is limited to your tax liability. The CTC is a non-refundable credit and can only reduce your income tax to 0, It can not help you beyond eliminating your tax liability. But, if you have more than $2500 of earned income, some or all of it is usually given back to you thru the "Additional Child tax credit". That is, part of the CTC may be on line 28 of form 1040 (2021- 2024) instead of line 19. The ACTC is calculated on form 8812 and is basically 15% of your earned income over $2500. The ACTC is a maximum of $1700 (2024) ($1600 for 2023, $1500 for 2022) per child, not $2000.
You are the custodial parent and the non-custodial parent is claiming the dependent this year. The CTC goes with the dependency, even though the custodial parent still gets the Earned Income Credit, Dependent care credit and Head of Household.
Another possibility is that part of your tax due is not regular income tax, but is self-employment tax (FICA), early distribution penalty or another type of additional tax, for which the CTC cannot be used.
During covid (2021), the child tax credit was expanded and easier to get. That was temporary and those relaxed benefit rules are no longer available.
To get a 'second opinion' on-line direct from IRS, try https://www.irs.gov/uac/is-my-child-a-qualifying-child-for-the-child-tax-credit
TT FAQ https://ttlc.intuit.com/questions/2625810-why-didn-t-i-get-the-child-tax-credit-or-why-is-it-less-than-last-year-s
https://www.irs.gov/uac/Ten-Facts-about-the-Child-Tax-Credit
October 18, 2025
8:52 AM
@VolvoGirl One more question. The ItsDeductible will finally end on Oct 21, right? Could we transfer data to Turbo2025 before its ending-date? What will be the next donation tracker in the tax ...
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@VolvoGirl One more question. The ItsDeductible will finally end on Oct 21, right? Could we transfer data to Turbo2025 before its ending-date? What will be the next donation tracker in the tax year 2025-2026? Thanks.
October 18, 2025
8:51 AM
@sehoffma wrote: I have 15-20 K of donations a year. I have no clue as to your AGI and really don't want to know, BUT you should be aware that the IRS has computers that are set for certain par...
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@sehoffma wrote: I have 15-20 K of donations a year. I have no clue as to your AGI and really don't want to know, BUT you should be aware that the IRS has computers that are set for certain parameters and one of them is total charitable donations, particularly non-cash donations, beyond which an audit becomes more likely. The average total annual charitable contributions for the average U.S. taxpayer is 3-5% of AGI. You can do the math.
October 18, 2025
8:46 AM
@robcron wrote: Deductible Duck does not import directly into TurboTax... that's why. Did you even bother to read the information on the web site? "Track every donation you make, whether...
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@robcron wrote: Deductible Duck does not import directly into TurboTax... that's why. Did you even bother to read the information on the web site? "Track every donation you make, whether it’s stock, mileage, money or items. Export your data for safekeeping or use by a CPA. Easily transfer the results to TurboTax. Just as reliable as ItsDeductible online"
October 18, 2025
8:38 AM
1 Cheer
"They didn't need to go to any further trouble just to keep TT alive on Win 10 for a year, for what would be a very small % of their user base" -- Check your facts. Only ~50% of windows users are on ...
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"They didn't need to go to any further trouble just to keep TT alive on Win 10 for a year, for what would be a very small % of their user base" -- Check your facts. Only ~50% of windows users are on Win11 and around 40% are on Win10. So that is a significant number of their userbase. What they are actually doing is pushing users to move to TurboTax online (they tell you that right in their messaging), but many of us don't want Intuit having our information on their servers waiting to be hacked and refuse. "TT can build in their own security if they chose to" -- I think there is a misconception here. Sure, Win11 uses TPM to secure the OS. But TPM has been used for decades on Servers (and some PCs) to secure data. Intuit probably made use of the required TPM hardware to help secure your data. Not an MS feature, a hardware feature provided by the motherboard. Intuit still builds their own security separately from the OS. Intuit is likely taking advantage of TPM , now that 100% of their users will have TPM hardware on their motherboards. What will be interest is if those that install Win11 with the workaround of using Rufus, which has an option to remove the TPM 2.0 requirement from the installation media, will still work. TuboTax may still look for the TTM hardware to secure the data files and if not present, refuse to install. What is TPM ? Think of it as a hardware key. Without TPM , your data may be protected by a password. But passwords can be hacked. With TPM your file is not only password protected, but encrypted by a hardware key that is present on your motherboard. If someone steals your data files, they will not be able to decrypt the files and read all your data.
October 18, 2025
8:32 AM
Deductible Duck does not import directly into TurboTax... that's why. Why pay a subscription for something that still requires manual entry. Nice Try Deductible Duck... but I don't want others to...
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Deductible Duck does not import directly into TurboTax... that's why. Why pay a subscription for something that still requires manual entry. Nice Try Deductible Duck... but I don't want others to think that it will solve the problem. Yes it organizes and tracks, but you still have to manually enter. This is where the time savings while doing my taxes is saved. All of that itemization is already done and it is about 2 minutes to import it all into my taxes... but alas... no more.
October 18, 2025
8:32 AM
Topics:
October 18, 2025
8:26 AM
1 Cheer
@sehoffma wrote: Please advise. OK, then why don't you simply continue to use TurboTax and pay the ~$30 annual fee for Deductible Duck? https://deductibleduck.com
October 18, 2025
8:22 AM
@robcron wrote: .....it would have been easier if they just charged a small annual fee for a subscription for Its Deductible. I wouldn't have liked that, but at least I probably would not be look...
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@robcron wrote: .....it would have been easier if they just charged a small annual fee for a subscription for Its Deductible. I wouldn't have liked that, but at least I probably would not be looking for other Tax return software. If you don't mind paying a small annual fee, try Deductible Duck. Problem solved. deductibleduck.com