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You should itemize your deduction only if your itemized deductions will exceed your standard deduction which is as follows:   The standard deduction for 2024 (taxes filed in 2025) is: $14,600 for single filers and married people filing separately,  $21,900 for heads of household, and  $29,200 for those Married Filing Jointly and surviving spouses. If you are filing single than your itemized deductions may exceed your standard deduction. You can enter them into TurboTax and the program will determine which is best for you. Also, you should enter them because some states allow deductions for these even if you do not itemize.  

Upon review of your token, it appears you have not entered anything for Child and Dependent Care expenses in the federal interview section, but you do have amounts reflected under your W-2 Form, box 10 for Dependent care benefits.  Therefore, you also need to complete the expense section of the program to rectify the state e-file error and file a complete Schedule X.   To do this, follow the steps in how do I get to the Child and Dependent Care Credit in TurboTax to enter the information for this credit.  Proceed through the screens and enter the information as prompted.    Once you have completed your entries, go to the state interview section again.  Proceed through the screens.  When you see the screen titled "Child Care Provider Summary," select edit.    This will take you to a screen titled "Care Provider information."  Please enter the General Tax License # as prompted on this screen and select continue.     Proceed through the remaining screens and answer the questions as prompted.     Once you have completed this and the rest of the state interview questions, the error message during the final review should go away and allow you to electronically file.

Hello Dave,    Thank you for clarifying this - I really appreciate your insight and confirming my concerns. It’s helpful to understand that the issue isn’t just about the Form 1098-E, but that the foreign lender itself (like Prodigy Finance) isn’t considered an eligible institution under IRS guidelines. That clear things up. I also had a chance to speak with a TurboTax Specialist over the phone, and they confirmed the same.    Thank you much! 

What is the status on your return.   Once you submit your return in TurboTax Online, you'll see its status on the Tax Home screen of your account. After you e-file your return, it's considered "pending". After the IRS processes your return, it'll either be accepted or rejected.   We'll also send you emails letting you know when your e-file status changes.   You can use the IRS tool Where's My Refund to check if your e-filed return has been received.   Also see the TurboTax article How do I check my e-file status?

I am having the same problem, not related to higher agi or anything, our dividend should be taxed at 15% but when entered as qualified into TT, our tax calculator adjusted at our current tax rate, not 15%.  Any help on how to correct this would be appreciated.

I can't understand why that election form is included then. The only other thing that I can think of is my business vehicle dropped below 50% business use this year after being above 50% business use last year. I also never claimed any initial depreciation on the vehicle. But, I would think that is a 5-year asset, and the election form is for a 7-year asset.

Thank you! I left all other questions blank and reached the page We need some information about your 199A income.   The first option applies to me: XXXX has business income (loss) (including ordinary, rental, royalty, or other) Ordinary business income (loss) _____ Rental income (loss)_____ Royalty income (loss) _____ Other income (loss)_____   On my 199A it combines both ordinary business and rental income(loss) on 1 line with 1 value. However, on TT it lists those two things separately. Should I enter the value under ordinary business income (loss) or rental income (loss) in TT? Does it matter?    

It depends. If you are referring to the following you can enter a sale if this is what you received in the letter for 2024. See the steps below.   A wind-down trust, like the GWG Wind Down Trust, is a legal entity established to manage and liquidate the assets of a company or entity, typically in a bankruptcy or restructuring scenario, with the goal of distributing the proceeds to creditors and other stakeholders. To enter your sale in TurboTax, follow these steps. If you continue to get distributions, in the future your cost basis could be zero if it is all used up in 2024. Open or continue your return. Navigate to the investment sales section: TurboTax Online/Mobile: Go to investment sales. If using this application, make sure it is open TurboTax Desktop: Search for investment sales and then select the Jump to link.  Or Personal Tab > Continue > I'll choose what I work on > Scroll to Investment Income > Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other Answer Yes to the question Did you sell any of these investments in 2024?  If you land on  the Investment sales summary or Your investments and savings screen, select Add More Sales or Add investments. Click this link for more information. Where do I enter Investment Sales?