All Posts

If you are referring to the bank account number for a direct deposit, amending the tax return will not correct the problem.  If the account number is incorrect, the bank will refuse the deposit and return the tax refund back to the IRS.  The IRS will either mail a refund check or ask to send them new direct deposit instructions.

Currently, there are 2 states (CT and NJ) offering a reward to their state residents if they can successfully sue NY to abolish this employer  convenience rule. NY is notorious for collecting taxes and going after what they say is taxable. NY is one of 3 states that use this employer convenience rule. It is not common so for most people, it does not apply. You work remotely in NY so it does apply to you.   Very carefully consider your situation. Does your employer allow you to work from home or are you required to work form home?  If you are allowed to work from home, it is taxable NY income. I believe this is what you stated in your original post. If you are required to work from home, it is not taxable NY income. You will be audited if you decide you aren't liable. Be sure you have a letter from your employer or contract some type of proof since you have NY income and withholdings, 

There is not any glitch. How old is your dependent child?    To get the $2,200 credit, your child must be 16 or younger on December 31, 2025.   The moment a child turns 17, they no longer qualify for the CTC. Instead, they qualify for the Credit for Other Dependents, which is exactly $500.   Double-check the birth year you entered in the "Personal Info" section. If they were born in 2008, they turned 17 in 2025 and will only trigger the $500 credit.

This seems to be an API issue with most, if not all, brokers.  I use Schwab and they said it may take up to two weeks to get the issues resolved.  Inexcusable!!!  Some have found workarounds, some like me, gave up and posted the summary entries for my 1099 B.  I filed my return yesterday.  I am so done with TurboTax.

Are you saying your CA state refund was less than you expected?   If so, you should be receiving a letter (Notice of Tax Return Change) from the Franchise Tax Board that explains the adjustment.    They are required to send the notice if they made a change; you should receive the letter within 2 weeks of receiving your refund.     California has an Interagency Intercept Collection (IIC) program. This means the FTB can "intercept" your refund to pay off other debts you might owe to government agencies. Common offsets include:   Unpaid child support. Past-due vehicle registration (DMV). Court-ordered debts or unpaid parking tickets. Unpaid student loans or taxes from previous years. Your state refund is not sent in installment payments, so wait for the letter that will explain the change.   Or Instead of waiting for the mail, the fastest way to see what happened is to log into (or create) a MyFTB account.

Are you getting an error on Where's My Refund, make sure you are entering the correct Federal refund amount and not the combined Federal and State refund. Also make sure you are entering your full federal refund amount, not the amount you would get if you had fees taken out.   Once your return is filed, TurboTax has no control over the processing or the timing when the IRS releases your refund.    The IRS states that most federal tax refunds are issued within 21 days of acceptance, however, some may take longer if they require additional review. Also, by law, the IRS cannot issue EITC or ACTC refunds before mid-February. This applies to your entire refund, not just the portion related to those specific credits.   Here are a few FAQs to help you track your refund: When will I get my federal tax refund? How do I track my state refund? Why does Where's My Refund say "approved" but TurboTax still says "accepted"? Why do some refunds take longer than others? What if my IRS refund is taking longer than 21 days?

The Social Security office mails the tax forms out in January and you should have received it by February 1, 2024.  If you have not received the forms, you can download it or contact the Social Security office in your area.    Refer to the websites Requesting a replacement Social Security Benefit Statement  and Replacement SSA-1099 for more information.