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a month ago
If your Dependent Care FSA (Box 10) funds have been added to your taxable income it is because you have not properly enter qualified care expenses equal to or greater than the amount contributed. To...
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If your Dependent Care FSA (Box 10) funds have been added to your taxable income it is because you have not properly enter qualified care expenses equal to or greater than the amount contributed. To correct this, you have to complete the "Child and Dependent Care Credit" section and document that the funds were spent on eligible dependent care. To do so in TurboTax: While logged in to your return, go to Federal Select "Deductions & Credits" Scroll down to "Child and Dependent Care Credit". List your childcare provider(s) and the total amount paid. You will need the Name, Address, and Tax ID # for your child care provider(s). You might also be eligible for an additional credit, depending on the amount you paid for dependent care. For more information see this TurboTax Article: The Ins and Outs of the Child and Dependent Care Credit
a month ago
I am willing to 'flush' the $46.67 download for desktop if the OnLine version actually works as you all mention.
a month ago
Where are you seeing that? It is not possible to get a state refund and owe the state at the same time. Are you looking at the summary at the end that shows you the net difference between a feder...
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Where are you seeing that? It is not possible to get a state refund and owe the state at the same time. Are you looking at the summary at the end that shows you the net difference between a federal refund and state tax owed--or a state refund and federal tax owed?
a month ago
1 Cheer
You're not required to provide a Driver's License to file; it's just an extra ID check. For your wife, Indicate that she doesn't have a Driver's License. If you're using TurboTax Online, you should...
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You're not required to provide a Driver's License to file; it's just an extra ID check. For your wife, Indicate that she doesn't have a Driver's License. If you're using TurboTax Online, you should clear your Cache and Cookies before returning to that section.
@markrobgil
a month ago
There isn't an EDIT button...and if i click on the REVIEW, it still doesn't allow an update/change...just the UPLOAD option, that I'm not using. So do i have to delete all the Previous listings a...
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There isn't an EDIT button...and if i click on the REVIEW, it still doesn't allow an update/change...just the UPLOAD option, that I'm not using. So do i have to delete all the Previous listings and just start cold?
a month ago
1 Cheer
I think Turbo Tax calculates it out for you. Self-employed health insurance deduction goes on Form 1040 Schedule 1 line 17 then to 1040 line 10, as long as the expense is not greater than your ne...
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I think Turbo Tax calculates it out for you. Self-employed health insurance deduction goes on Form 1040 Schedule 1 line 17 then to 1040 line 10, as long as the expense is not greater than your net self-employment income. If it does exceed your net self-employment income it gets split automatically. An amount equal to your net self-employment income goes on Form 1040 Schedule 1 line 17 and the remainder gets added in to medical expenses on Schedule A. BUT do not enter any Health Care Marketplace insurance you bought. If you enter the 1095-A and select the "Self-employed and bought a Marketplace plan" box, it will automatically include those premiums in the SE Health Insurance section. So you shouldn't enter it again on schedule C.
a month ago
I have the same problem on a newer laptop running windows 11. I am recognized and saved information is loaded onto the screen but it is a dead screen; nothing responds to mouse clicks I have depende...
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I have the same problem on a newer laptop running windows 11. I am recognized and saved information is loaded onto the screen but it is a dead screen; nothing responds to mouse clicks I have depended on Turbotax for preparing personal & business taxes, federal and state for many years. This is the first time I have been excluded!
a month ago
1 Cheer
I spoke with TT customer service today via phone. I wanted to share the rep's solution with you, so you can realize the level of product knowledge your support people actually have. When I explaine...
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I spoke with TT customer service today via phone. I wanted to share the rep's solution with you, so you can realize the level of product knowledge your support people actually have. When I explained that I was receiving the 5 efile limit on a brand-new install of TT H&B 2025 where I've only done 2 efiles, she quickly explained to me that the 2 efiles counts as 4, because you efiled federal and state for both. 🙂 I said that's not how it works, I've been using TT for a long time. But even if you were right, saying i used 4, I still have 1 efile left, not none. I politely ended the call. That's the level of support TT offers, folks. Good luck to all of us this year; we're gonna need it.
a month ago
Thanks for your detailed response. I have checked those sections again but no luck. I have only contributed to ABLE and not withdrawn yet so looking to use section retirement savings contribution...
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Thanks for your detailed response. I have checked those sections again but no luck. I have only contributed to ABLE and not withdrawn yet so looking to use section retirement savings contribution credit in Federal Deductions & Credits section. This is the right place as the Learn More link shows ABLE account. But when I try to enter, I get the message "It turns out you don't qualify for this credit" and it is not letting me enter the contribution amount. This is correct message as federal income limit is higher than 79k but there is no separate place to enter in the NJ state section. It should allow to enter in federal section and use for NJ state to calculate the tax break for the state income tax. It seems a bug in the Turbo Tax software. Whom to contact to report a bug.
a month ago
When you efile your signature to verify you, you enter your prior year AGI. If you print and mail your return or need to give someone a copy you need to sign it then in ink.
a month ago
Suppose I paid $400 in monthly health insurance premiums. On form 8962, it determines that I got too much credit per month, say $50/month more than I should have received. Would my net monthly premiu...
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Suppose I paid $400 in monthly health insurance premiums. On form 8962, it determines that I got too much credit per month, say $50/month more than I should have received. Would my net monthly premium paid be $350(400-50) then? I would enter $350x 6 months= $2100 on form 7206 and on schedule 1, line 17? This is my takeaway from what I've read. Thanks.
a month ago
2 Cheers
Why did I buy TurboTax Federal+State for $55 at Costco when it is not telling me it's not Windows 10 compatible and that I should use the online version? What kind of Garbage is this? The mark...
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Why did I buy TurboTax Federal+State for $55 at Costco when it is not telling me it's not Windows 10 compatible and that I should use the online version? What kind of Garbage is this? The marketing and license literature says "ZERO" about Windows 11?
a month ago
Sorry---the refund advance program ended on February 28.
a month ago
Depriciation straight line has not been transfered
Topics:
a month ago
There is no physical signature on an e-filed return. You signed it electronically when you entered your AGI.
a month ago
Did you see the screenshot posted above? You have to go very slow and read everything on each screen. That screen can trip you up. People get going too fast and click on the bottom right box to ...
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Did you see the screenshot posted above? You have to go very slow and read everything on each screen. That screen can trip you up. People get going too fast and click on the bottom right box to continue.
a month ago
NJ-COJ, TT puts wrong value in box 9a. Incorrect NJ credit for PA municipal tax paid NJ resident, worked in PA and had income and tax on W-2 paid to a PA local municipality of several thousand $ (...
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NJ-COJ, TT puts wrong value in box 9a. Incorrect NJ credit for PA municipal tax paid NJ resident, worked in PA and had income and tax on W-2 paid to a PA local municipality of several thousand $ (this is the tax paid) TT calculates the credit on my return as only $106. Here the issue: I've done this for several years in a row with TT and the NJ credit is always the same as the PA municipal tax paid I've looked at all the past year's NJ-COJ forms done in TT. In every year, the value in box 9a is the amount of tax paid. ** I do understand that the ultimate credit is a calculation on this form, and may be less. But the box 9a is the amount from the W-2 for local taxes paid. ** note the value in box 9a is supposed to be the value of the taxes paid, per the NJ tax directions. I also have non-resident tax in CA and when I look at that NJ-COJ form, box 9a is exactly equal to the tax paid to CA. In the NJ-COJ form for the PA municipality credit, box 9a is $106 for some reason. Why is this? As this ultimately makes the credit significantly less ($106 rather than several thousand $) Here's the weird part: If I go back to my W-2 and change only the local tax income tax paid (box 19) by ONLY $0.20 (so it rounds up to the next dollar) the box 9a on NJ-COJ for the PA municipality changes from $106 to the correct amount of several thousand $!! And then I get the full credit! Similarly, if i go to the actual NJ-COJ form in TT and use the smart worksheet, i can put the slightly higher amount in Column B / row B (rather than the $1 less amount that is in Column A / row B), and again the box 9a changes from $112 to the much higher amount of several thousand $ and I get the full credit.... HELP. This makes no sense.